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Hi Guys, Just received notice from Macq stating for the last - Feb rate rise that they have increased rates by .45. Wow :eek: Wonder why their rate rise doesn't make headline news like CBA etc. Anyone else had similar rate rises whacked on them to this degree ? Mark

Does anyone pay their IP interest via their credit card, to build up their rewards points super quick. Just transfer your monthly repayments from your savings account to credit card to loan account or am I missing something here? Mark

We have a silver citibank mastercard and the annual fee just turned up and it is $75, never taken much notice of it before it is just one of those things that happen and you pay. Just wondering if anyone has called their card company, especially citibank and had asked for the annual fee to be...

Hi Guys We are thinking about capitalizing the interest on some of our debt and would be interested to know if there is a spreadsheet in existence that can show the results of capitalizing the interest on a loan ? Mark

Is it a requirement for your mortgage to have to be reregistered if you stay with the same bank and simply have your borrowings increased. We have a loan with a bank and decide to ask for an increase in the borrowings to gain access to some of the equity. My query is would the mortgage have to...

Hi all, Our first IP is now 9 years old and the original tenants have just moved out. :D After this length of time the carpets have suffered, mostly with just normal wear and tear. Would the cost of replacement carpet be claimed as a repair or would we start again with depreciating them...

Hi all, If we update windows with newer and larger ones in our Newly acquired 50 year old IP, would the costs be a new Capital works deduction ie: we would be able to claim it over 40years ? or would it be added to the cost base. Also we spent $1k on the timber floors having them polished...

Always wondered how it worked with the taxman with smaller items. Q. You are doing repairs on your new or old vacant IP and have purchased say a paint roller and a jimmy bar. These items are like tools of your trade, are you able to make a claim for them against this property even though you...

Needing advice on the finer points of using a so far unused power of attorney I have with two siblings, we had it drawn up a little while ago to deal with all property related issues. Could someone describe an example of the phase that you would use when signing with the power of attorney ...

Wondering if there are many investors who are salary sacrificing their rental expenses ? We are looking closely at this and would appreciate any comments . Mark http://www.bantacs.com.au/fbt_rental.php

Hi all, Wondering if anyone has any comments on the Rockhampton Building Society, the Rock, good or bad, for investors. Just looking at them, considering refinancing from ANZ to them, maybe. Mark

Question regarding Land Tax in Qld. If we own IP's in Qld, is it true to say we can have up to $1.5 millon of TUV ( total unimproved value ) before we have to pay Land Tax ? All of our IP's have 3 names on the titles. $1.5 m divide by three equals $500,000, which is the threshold for an...

Hi all, Query on when to add some new improvements. Say we purchased an existing dwelling and after settlement advertised it for rent. While waiting for tenants or after the tenants have moved in, would I be correct in saying we would be able to claim deductions on the cost and installation...

Wondering if anyone has had a HDT prepared, from the Brisbane firm McCullough Robertson ? Mark

Are thinking of having installed a shade sail structure over the driveway and a portion of the front pathway to house. It will be professionally done and attached to the house at several points. Would I be correct in thinking that as a tax deduction it would qualify as capital works and be...

A couple of questions relating to the use of an ABN for a LoDoc loan. We have had an ABN for abt five years now, but over the last 2 years it was deactivated for abt 6 months. Does anyone think the banks will have a problem with this, regarding the 2 year requirement ? Also, regarding LoDoc...

you would need more than your nine iron for this one :eek: Mark

Reposting a query, thanks Rolf. With regards to a LoDoc, we have both our names on an ABN, but for the negative gearing advantages in our new HDT, only my name would be on the new borrowings. Does anyone feel there could be implications with say the banks or ato with both names on the ABN and...

Reposting a query, would there be any problems from the view of the banks or ato if we have both our names on the source of the deposit for a new IP and with regards to the negative gearing advantages in our new HDT, having only one, my name on the balance of the new borrowings for our new IP ...

We have both our names on our established ABN, but with respect to future borrowings for our new HDT setup ( to max the negative gearing component, only my name on the borrowings ), are there any implications with say the banks or ato with both names on the ABN and only one on the borrowings...