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I was planning to sell my IP but couldn't sell . thinking of putting it back on rent'. Can I claim 1k building report cost and 1 k advertisement cost in next tax return even though I couldn't sell.

I am looking at option at Apartment (2 bed, 2 bath, 1 Car space) which is 86 sqm living plus 30 sqm courtyard. It is on ground floor and 1 year old. It has Pool and Gym. Starta fee 3356 per year. Currently rented 480 per week. Total purchase cost would be 435000 inc stamp duty. Can i...

How do i get private rulling ? do i need professional accountant to do that ?

Sorry if misunderstood. Please reply with your comments as to where i have gone wrong ?

I came up with above based on this " Get a LOC secured against the PPOR. Keep existing loan as is - with offset. Borrow 20% plus costs from this and the remainder 80% secured against the investment property, interest only. Only use the PPOR as security for the LOC Only use...

I have spent last few days in here to come up with right solution for IP finance strategy. Please advise if you think i am missing anything or misunderstood anything or whether this will work Aus Tax law. Current Situation: PPOR - Equity 300 K. I have I/O only loan with Offset acc 260 K...

I am considering a pool in my canberra property. Do you guys it will add any value ?

Thank u very much. Plz explain 2nd LOC in detail. What expense r u ref to ? If the expense are tax deductible then how would I claim the interest. In total I will have three acc per IP. 2 LOC against PPOR and 1 80% IP loan

Just competed PPOR built. I have interest only loan with that. Approx 700 k equity. I am looking at getting first IP using LOC possibly 100% loan on IP plus associated purchase cost. Our family income approx 200k per annum. I m looking long term return. Possibly hold 10-15 yrs. Any advise re...

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking ?

Question on my friend's behalf I have 400 k saving in my acc. Looking at buying an IP. My target is to get tax deductible 100% loan on that IP and avoid LMI by using 400K as guarantee. I don;t have any PPOR. I know i could have done that if i had PPOR. Thx

Do we have any accountant here who could help me ??????

Thx. What happens to the money I will be spending to do Reno before I make the IP PPOR. What happend to the money I will be spending while having as PPOR. CGT will I add all the expence

I m on the same boat as mkraus -..........Please advise

I am looking at buying a IP in good area with a intention in a year time I will spend about 200 k to renovation and make it a PPOR. What is the best way to do that to avoid CGT. My plan Buy the property for about 800 k and as it is in ACT claim the stamp duty, then rent it out for a year...

Looking at a land to subdivide approx 950 sqm with approx 23 frontage. It is in ACT. Can't afford to sub divide and built two. What I was think is getting it sub divided and built one house on one side and another just sell as vacant land. Do you guys think it would be good idea or achievable

I am currently in the process of building Investment property. While the building work in progress I have been visiting the construction site very often to deliver item or just to monitor. Can I claim the travEL related cost like petrol cost on car etc. if I can please advise how do I do that...

Thx guys. As per ATO leased land stamp duty can be claimed straightway. As I bought the land 12 months before I will eligible for 50% exemption though the house is just finishing up. Is there any accountant who can confirm this ?????? Thx