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Thanks both, very much appreciate your insights and time. Next step is off to the accountant to work through some details.

Thanks again Terry, makes sense. I gather there would be no implications if the wife took her newly-acquired funds from selling her half of the IP to me to then pay off part of the PPOR loan?

Thanks both Terry and Paul - food for thought. If I buy out my wife's half of the IP, does that mean I forgo the vic stamp duty exemption given the consideration for transfer of title is no longer just "for love and affection"? Is there anything specific finance-wise that needs to happen...

Thanks Terry - sounds like restructuring the loans in the proposed way is a no-go. I had idea of restructuring in my head because of some advice the accountant gave back when we purchased the new PPOR and turned the old PPOR into an IP. He didn't go into specifics at the time, so perhaps its...

I was in the same situation 18 months back (pondering whether to get a schedule done for my 1940's property with minor renos that had just been made an IP) - and I'm glad I did. It was well worth it.

Hi all, Given it's EOFY, I'm currently mulling over my loan structure and looking to clean it up in order to increase deductible costs on the IP. I think I'm clear on most of what I want to achieve, but I have a couple of questions for the brains trust. Scenario: The wife and I have a PPOR...

Thanks Terry - appreciated.

Thanks, appreciate the input. Will review the lease again, however my thinking is that she needs to engage a solicitor to look at the lease to better understand options. Why would the lessee pay these if they are paying out the lease as is being suggested above? Perhaps I've misunderstood...

Hi all, My partner (the lessee) is looking at moving out of a shop that she currently rents due to some recently-changed circumstances. She is currently seeing out a 2 year extension to the original lease. The lease appears to be a standard REIV 2003 commercial lease with no specific clauses...

Terry - thanks. I'll confirm with them whether two account numbers are provided, that's really the clincher. I interpreted that this was the case from their answers, but I need to know for sure now after reading conflicting info from others!

Quote from my lending manager: This loan has both options the 100% offset account and the redraw facility Quote from another consultant earlier on in my application process: The offset account is a redraw offset account - This means its an account where you place funds, either...

Are you sure? I understand the "100% redraw offset" to be a separate account with a VISA debit card attached - I'm about to finalise a refinance with them and this is what they have told me on several occasions. Perhaps I'm misunderstanding what you are saying. Another thread on the...

Thanks, I figured that since it will be a PPOR the redraw will be used on that there would be minimal tax implications - just keen to make sure I'm setting everything up as efficiently as possible. Cheers

Hi Brett, Thanks for the reply. The redraw has only been used for a few large transactions over the last 5 years, which are easily accounted for via the loan's regular statements. I take it that if this is the case, shouldn't be any major issues come tax time? Probably the main thing...

Any feedback on the above? Perhaps its a pretty straight forward scenario tax-wise provided I set up the interest only loan with the 100% offset.

Thanks, I plan to do the same in the next few days once I have finalized a few things with my current lender.

Hi all, New member to the forum :) Probably an oft-asked question, but I was hoping to get some general info about the best way forward for my situation. Planning to speak to my accountant soon. Current situation: Have a PPOR, purchased 5 years ago, P&I loan with redraw facility, owe...

I'm also keen to find out more about these guys - on the face of it, it seems like a good deal. amsaini15, please keep us informed if you go ahead and apply with them!