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Hello, hope you are able to help me do the right thing We will have a two storey house built soon. It will include a 'Granny Flat' which will be rented out. Because we are in a flood prone region we will have the Granny Flat built on a 'Workshop' or Garage below that will be for our use only...

I'm a bit naive when it comes to finance/tax matters so I thought I'd run this past more knowledgeable people for any comments. Soon will be retrenched. I'm around 60. Good payout and already fair amount in Industry super fund. Will have a (taxed) pension, so will have a strong cash flow...

Hi everyone I've been reading articles by Daniel Amerman He seems to make a lot of sense to me. But I'd like to hear opposing opinions if there are any. He obviously would like people to buy books and dvds, but there is a lot to read for free. Some people here would have already been...

Hi everyone I've started looking through ATO documents and looking on line, not much success so far so I thought I'd see if anyone here would help. I'm keen that we do everything right tax-wise! We bought an IP, settling December 1st 2009. We then visited a few weekends, taking up...

If you were in this situation: PPOR paid off, one IP 500K Mortgage 400K LVR 30% 100K in offset account. Still getting a salary and will get a good pension Don't want to buy more IPs Borrow 100K against PPOR for stockmarket investment Intended as long term e.g 20 years What...

Hi helpful people We have an investment property, owing 390K but have an offset account with some money in it reducing the amount of interest paid. I suppose at tax time you just work out how much interest was paid in that tax year to claim a deduction. But what happens if you borrow again...

Hi all I was just reading on Fido site http://www.fido.gov.au/fido/fido.nsf/byheadline/Borrowing-to-invest?openDocument And looking at this statement: 'There are great tax benefits when you borrow to invest. But not everyone gets them. You will only get them if your ongoing borrowing...

Not sure where this should go. Bought a second property. Tried to get it insured with Aami (I have car insurance and PPOR insured with them) but when I mentioned that it might be a holiday rental, lady said that they didn't do them! Is this a known thing? I wonder if i should call them again...

I've been with my Credit Union for 20 years so I've just sort of assumed I would stick with them. They wouldn't offer me any special deal despite us having money with them for so long, and having introduced kids etc to them. And they don't have IO loans (I wonder why not?) Another factor is...

I'm about to exchange contracts In the title search I see: 1. Reservations and conditions in the Crown Grant(s) 2. H7591 Land excludes materials 3. H7591 Covenant My conveyancer didn't seem concerned about the covenant and hasn't found out about it. There is no document with the...

Hi everyone I'm just about to buy a very old house on the Central Coast. It is in a Mine subsidence district (Swansea-The Entrance) I was just wondering how many problems I will have when we come to rebuild. Plans will have to be cleared by the Mine Subsidence Board as well as by council. We...

Sorry for dumb question but.. Suppose husband and wife buy an IP as joint tenants. If negatively geared then 1/2 of loss is deducted from gross salary by both. Do they have to have taken out the loan in joint names for this to occur. What if the loan is only in the husband's name? Thanks