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we ended up putting a onlend agreement in place. looks like 90% people out there are claiming interest there not entitled to. we even rang the ato

yes, its from accountant, to put a on lend ageement in place screams additional income to accountant!!!

any comments???

Basic tax deduction under Section 8-1 of income tax act says to claim a deduction you must have income to offset it against. If it is a joint loan you claim half each and if only one has the income then the other has no income with which to claim the deduction: Also see tax ruling TR 95/25...

I have asked accountant tp "please explain"!!!! thanks for the replys and will post answer

hmm..... as I said to the accountant.....I, m a bit confused

we have 2 investment propertys both titles are in wifes name. loans are in both our names for borrowing compacity. accountant has told me that technically loan interest is only deductible against wifes loan portion is this correct???

Geelong Property in areas like newcomb and north geelong have always been good yeild as most of the people in these areas cannot afford a house, But the quality of tenants is pretty bad generally. Although these suburbs have had good growth over the last 10 yrs i dont consider them great...

Please, can anyone recommend a good accountant that is business and property savy in the geelong area. I,m sick of paying high fees for basic accounting $270 to fill out a PAYG variation!!! crazy!!!

my parents are confused on what the should do with there property portfolio. PPOR-debt free/ value -650000 IP 1- debt-378000 value- 480000 IP2 - debt- 175000 value- 450000 1x2 bed 2x1bed currently strata titling to achieve CG. Mum is not working but dad is going to finish up shortly.Dad...

thinking of house and land in warralily estate 1st stage of armstrong creek development. 1st stge settles april 2011 completion nov 11 any thoughts out there.

can anyone recommend broker in geelong area. 1.must be a property investor with muilti property 2. loan structure knowledge 3.tax knowledge

Our family owns 5 IPs on the surfcoast. The following basic principles apply the greater the capital gain the lower the yield.Our new homes rent for 400-450 4bed pw old homes 250-300.obviously where the old homes are the greater the cap gain. eg. old torq or juc. vacancy rates are low...

Finance brick wall. All debt is Tax deduct. All IPs crossed but in process of uncrossing,will have Loc secured against PPOR. If I was to balance out the portfolio and buy cash pos , how do I do this considering the banks mightnt lead on current situation.

PPOR= 750000 debt $0 IP 1 value= 450000 debt 310000 rent 320 IP 2 value=460000 debt 405000 rent 385 IP 3 value=460000 debt 295000 rent 250 loc value=235000 loc debt= 170000 Having problems getting money.I am on $85000 my wife is on maternity leave. I am using equity in the loc to...