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  1. C

    Most popular Home Loan products at the moment

    Thanks guys. Much appreciated
  2. C

    Most popular Home Loan products at the moment

    So after a few weeks delay, I am now expecting formal approval from Suncorp on Monday 1 December. I am refinancing from NAB. Do you guys think this refinance will be able to get through before year end or am I no hope?
  3. C

    Division 293 tax

    This page from the ATO website seems to contradict what you are saying: https://www.ato.gov.au/Tax-professionals/Tax-agents/In-detail/Practical-tips/Paying-Division-293-tax/ At the top of the page, it states that clients can pay the tax personally "out of their own monies". Maybe I am missing...
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    Most popular Home Loan products at the moment

    Thanks heaps Marty and Redom.
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    Most popular Home Loan products at the moment

    With the current Suncorp package deal where they are waiving the annual fee for life - if I apply today, what is the chance of the refinance going through before year end? I have heard there are a few delays with the process. I am not expecting any issues with valuations or income etc.
  6. C

    Division 293 tax

    Hi Paul Thanks for your response. I formed the same view myself after reading the documents but just wanted to confirm in case my understanding was incorrect. I don't think my question was "begging" for "free guidance on strategy", rather it was a question on compliance and making sure I wasn't...
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    Division 293 tax

    I am hoping someone on this forum might be able to point me in the right direction... I have two super funds. Fund A is an SMSF which has the majority of my super. Fund B is my employer super which has a very small balance. Fund B has my life and salary continuance insurance in it. My monthly...
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    Manufacturing a deductible PPOR loan

    Thank you Terry. What if I borrow and transfer the funds to a broking account which I then use to acquire shares (over the following few days)? Is the law slightly flexible in that regard?
  9. C

    Manufacturing a deductible PPOR loan

    Let's say I have a PPOR loan of $100 and I have $100 in an offset account against this loan. I would like to buy $100 of shares on the market. I could use $100 in the offset to repay the PPOR loan, then create a split and redraw $100 to fund my share purchases. The interest on the PPOR split...
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    Money Manager software

    Google Microsoft Money Sunset Edition. It is a free download from Microsoft and does the job nicely. You can also track investments like shares, etc if you wish.
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    Come on ASX - get your *ss up

    SNH is not ASX listed
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    Landlord Insurance Company recommendations

    Hi BrettC I have a policy with EBM insurance on my investment property which has about 6 months to run. I have recently sold said investment property - is it possible to get a refund from cancelling the policy as I no longer need it? Cheers
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    CGT and depreciation

    Thanks Rob G and Gatto. I think I'll just treat them as costs I can't deduct. I assume the cost of painting can be added to the cost base of the asset to reduce the CGT liability on sale? I don't think I can add the interest cost to the cost base though.
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    CGT and depreciation

    Sorry Datto - I don't understand the drawback you are referring to here?
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    CGT and depreciation

    Thanks Depreciator and Macca. I agree with you both, I don't think I can incur any deductions.
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    CGT and depreciation

    It depends. My point of view is as follows. If I depreciate the asset, my cost base reduces, my CGT rises but I get a CGT discount as I have held the asset for more than a year, so I only pay tax on half the gain. I also have a 100% deduction for the depreciation I take on. As an example, say...
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    CGT and depreciation

    Hi guys, I'd really appreciate some feedback on the below question if possible. In case I have not phrased it correctly, the situation I find myself is as follows: 1. Tenants were in the property till 30 June 2014 and then moved out (ie no rental income in 2014/15 tax year) 2. I repainted the...
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    CGT and depreciation

    Actually, just an additional question: If, at the start of the tax year, the tenants have moved out and I decide to sell the property with vacant possession, am I allowed to claim any tax deductions like depreciation up to the point of sale? I am now thinking that given the property is not...
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    CGT and depreciation

    Thank you!
  20. C

    CGT and depreciation

    I have a question regarding calculating the appropriate cost base when selling an investment property. Let's say the unit was bought for $300k (including all associated costs) at the start of a financial year but depreciation of $10k a year has been claimed for the last 5 years (prime cost...
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