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Hi, Just wanting to get your thoughts/opinions about whether it is worth getting a depreciation schedule on a 30 yr old IP that I will acquire in December. With: original kitchen and tile + parquetry flooring, 10yr old carpet in bedrooms, 1 x air RC air conditioner, 2006 solar HWS, 2 x small...

Hi there, Plan: - Purchase an IP and 2 years later move into said property making it my PPOR. - Make improvements to the property (i.e. new kitchen) after the property becomes my PPOR, Question: Are the invoiced Capital Improvements costs incurred in the 'PPOR years' able to be added...

Hi, My father in-law is half-way through building a Granny flat for his newly married son + daughter in-law. It has been first approved as a shed with septic, running water, but no internals. A DA for conversion to a granny flat was applied for through the local council. The council are...

Is interest tax deductible on the portion redrawn from an Investment property loan, when redrawing a sum of money e.g. $70,000; placing it in a separate account solely for storage of that money; and using said $70,000 to make the mandatory principal and interest payments over the...

Is it possible to still claim an interest deduction on the redraw amount of $10,000 from investment property 1, to repay a $10,000 loan from a relative that was solely used as an initial deposit on investment property 2? i.e. - $10,000 was borrowed from mother-in-law - Placed in...