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hi, thank you very much for that very usefull information, it actually clearly defines the value of doing this (litrally). my question remaining would be, how is depreciation decided? is there a set formula or varies per property?

thank you for clearing that up, im curious, when you say IO allows me to claim, how much percent of those items can usually be claimed? just wanted to estimate if i can afford this... also im on the higher tax bracket for work, 40% bracket@100k, i was wondering if this can come into play...

okay ive done a bit of research and here is what ive come up with: * i can rent out my propertly and claim it as a PPOR since i lived in it for 1 year meaning ill be excempt from CGT if i move back within 6 years * it's always a good idea to change loan from princible and interest...

hi guys, i've currently owned my apartment for 1 year and am thinking of renting it out so that i can rent a property closer to the my office. my question is, what gotchas and maybe tax tips are there out there? the rent i'll get for my property is less then the cost of the property...

Hi Guys, I pay around 30k in tax a year im wondering is there anyway to reduce this excluding investment ideas from this discussion... i have a mortage for a home i live in, i am paying off hecs (which ill probably increase repayments to use more of taxable income)... anything at all?

hi guys i work from home for my job as much as i work in the office (split the day in 2 halves) i travel between the two twice a day (to office in the morning and back to home at evening)... my question, is there anything here i can claim: -car expenses (fuel, rego etc) -Mortage...