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Thanks for your assistance guys - very much appreciated!

OK. So the investment offset does contain borrowed funds. What if I pay off the investment loan with the money in that offset (say it's $20k for arguments sake) which would make the investment loan smaller and its offset account nil. Then I can transfer the money across? When at some stage I use...

I have some deductable and non-deductable loans, both with offset accounts. The non-deductable loan has more money in the offset account than the loan amount so is wasted sitting there (will be there for up to 6 months as it is being used to pay a builder for our new house after we sold our...

I signed the contract for them to design and construct the house based on the agreed architectural plan and specification. It's not a latent condition and they want to change the design for convenience as they didn't coordinate the consultants properly.

They are responsible to design and build it. It's their engineer, etc. is not built -about to do it now so there is no abortive work. Is about 80kg of steel

Hi. I'm building with a project builder - standard house but with changes to the design (mainly made the house bigger). We signed off on the architectural plans 12months ago and recently signed off on the structural, hydraulic and updated architectural plans. Now they have started building they...

If you claim depreciation on your house for working from home then you would depreciate the central heater in the same proportion (percentage). The effective life of the heater is 20 years if it is gas or 15 years if it is electric (for calculating depreciation). For example, say the...

Yes Original loan establishment fees will be unchanged (ie remain at the 50%). New fees will be 100% you. Possibly, but not based on the $1. Any CGT will be based on the value of the property at the time of transfer - the actual amount paid is irrelevant if it isn't market value...

They are a conveyancer...

It's not "unreasonable" but I don't think it is right. Of the items they have noted it covers, I added up what the costs would be and the difference was over $150 overcharged (potentially). Times that by 2 properties and it's $300. Not massive amounts of money, but it is a lot to me...

It was a fixed fee plus disbursements (a lump sum estimate of disbursments was given and they just charged that in the final bill).

I recently bought and sold some property. The solicitor/conveyancer has charged me a lump sum for disbursements on each property with no breakdown of costs. I asked them for a breakdown and they changed the description to list some disbursements but still provided a lump sum charge. When I asked...

I used an accountant to do my tax last year (2010-2011) but have not been happy with them so want to change accountants. Can I use another accountant for the 2011-2012 FY since it is after Oct 12? I know you are supposed to notify a new accountant that you are using them if not getting it done...

It all depends on if you are selling the house you lived in for 4.5years. If you aim to sell that and live in the new renovated property, then you may be able to avoid GCT if you sell your current house within 6 months of buying the new house (you can have 2 PPOR's for up to 6 months when you...

The loans are/will be IO and there is no compromise to security, no personal use, etc. It seems then, other than making it easier working out the numbers, there are no massive reasons for me to have a separate loan. boomtown, I have only just started looking at the OTP property and will...

I have an existing investment loan for shares (holding them very long term - no intention to sell until I retire or lose my job!). I am looking at buying a property off the plan and using some of the additional funds in my shares loan to pay for the deposit. I know this typically isn't ideal...

I pre-pay my health insurance every year this way before the April ~5% increase takes place. Premium is due in July but I pay for 12mths worth in March at the March rate (before the April rate takes effect). It purely extends your policy period for another 12 months from when it was originally...

Governments impose taxes upon taxes. What's wrong then with a taxpayer claiming interest upon interest? This screams double standards to me....

Hi Mike, The family trust is "Bamford compliant" - was only set up last FY and I've got it in writing from the solicitor who set it up that it is ok. The books have allocated various amounts to certain beneficaries. There is a nett financial benefit and all the dividends are fully franked...

I know how much they will be allocated as they will get the maximum they can receive without paying tax (which is $3,333 from memory, but will be less it it's franked - around $2,333 fully franked) Yea - I think it's about $416 they can earn. End up saving 38.5% of that, which is $160. I...