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Say you take a loan for $100,000 in mid June with interest being charged monthly. Hence you pay interest on 30th June for the days in the month that the loan was drawn down. The asset purchased with the loan doesn't start producing income until the following financial year, let’s say mid July...

I did a bit of a quick search and the only reference I could find was for companies giving gifts of less then $100 to it's employees. This is a deduction from what I can tell from what I have read. I just want to know is say a $100 gift given to a tenant a tax deduction? If not looks like...

I just don't get it. Why does everyone assume brokers are so great? I work in the finance industry but my employer isn't in the broker market (they were in the past though.) As far as I can tell with my personal experience on about 300 broker files from 2-3 years ago this is what I have...

<rant> Ok so I work in a bank and I get a lot of people that come in with their tax refund cheques this time of year and then crack up when they are told it can take up to 5 business days for it to clear. Personally, I've only even had a refund from the tax man for the last 4 years and I...

Hi guys. Long time forum troll, 2nd time poster. :D I just have a quick question in requards to CGT and rental income tax/deductions. Late last year (contract: 24/11/04, settlement: 16/12/04) I purchased an IP @ $115,000 for my parents to rent off me partly due to them getting...