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I have to get advice soon about setting up my finance, Claiming depreciation on a new NRAS house and the best way to set up a tax variation if thats the best stategy. I have worked out that with the NRAS GOV contibutions, the property will be around CF+ $7000 per year. I was thinking of...

Yes Propagate, thats right. I was more aiming at whether I can add the Solicitor fees to the IP loan and come tax time, make a tax deduction on the intrest I paid for the year. The other part. Thankyou to HD ACE, tvadera & Terry W. It appears I cant claim lawyers fees as it is for the normal...

I am buying a new IP and plan to pay my increasing Solicitors fees with an separate I/O loan used only for the investment property as I would find it hard to pay from my wage. Question :confused: is this alright to add this to the Loan and do a tax claim on the interest paid on the IP? Would...

Thank you guys, some great info there, I will do exactly what you suggested. Love this forum!

I have a contract on an NRAS IP for 420K. My PPOR is worth 500K and I owe 135K on it still. I have heard about how important it is to structure the loans for tax purposes, flexibility in repurchasing etc etc. Can someone give me a rough outline on what would be the best structure as i have read...

I am in a good position in that I have the opportunity to purchase an NRAS house and land package in Calliope (25min for Gladstone) for 45k less than what non nras are currently selling. I am I bit concerned about the recent oversupply of new housing there. We all know it takes time for...