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Hi I'm looking at renovating my IP and for some parts getting my uncle to do some painint and paying him for it but no invoices. Funds will be taken from a IP mortgage account and interest claimed as a tax deduction. Is this a No, No? Other option is to get a reputable company (not...

Hi Just wondering if there is any Line of credit accounts that allow sub-accounts without charging additional fees to set it up, apart from the initial fee. No ongoing fees. I bought an IP with a Westpac professional package loan with 90% LVR with LMI. I also have a FirstMac refinanced IP...

Hi Am I able to instruct my solicitor to take out their fees and any other loan fees from the IP loan account? Ok, I can probably instruct them but will this taint any deductibility of loan interest as I assume the conveyancing costs are capital costs and not tax deductible. Loan fees...

Hi all I?ve been reading on SS how you shouldn?t pay for a deposit for an IP from personal funds then reimburse yourself out of loan funds as the Tax Office would treat this as personal expense and may disallow the interest on the entire loan. But what if my wife pays for the deposit then...

Hi, Just wondering what people thoughts on the South Quarter Drive estate in Loganlea as an IP, and if anyone is looking at this estate as an IP. poor public transport and therefore difficult access to everywhere including Logan hospital, Tafe and uni...

Hi Can someone please clarify. If loan contracts are in joint names and the IP is in my name only then I could get the loan interest fully tax deductible under my name. Is that right? Cheers,