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    Cost of lodging PAYG W variation ?

    If you were going to fill the details in yourself you might as well buy a stamp and send it in yourself rather than pay $250 for the accountant to do it. I'd do it myself, it's not that difficult to estimate what taxable income you should be paying PAYG tax on, the rest is just filling in the...
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    Portfolio Loan

    Eerily sounds like what I wanted to do apart from the fact that I am going to be paying the interest on the IP loan as it falls due and not letting it capitalize onto the loan whilst putting rental income into PPOR as in bantacs newsletter case. Sounds like a bit of a mess then, if I wanted...
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    Portfolio Loan

    Thanks, yeah this is pretty much what I'm planning to do. I'm not planning on letting the interest capitalize, just looking to pay expenses under the IP LOC account.
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    Portfolio Loan

    I'm not really sure what would differentiate a sub-account from a split loan but the portfolio loan has separate accounts, separate account numbers for each sub account, gives individual statments per account and can have different ownership per account (our IP is in my name all other accounts...
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    Portfolio Loan

    Hi, We have just had our loans refinanced (IP + PPOR + ML) under a BankSA portfolio loan with separate sub accounts. I am interested in paying down the PPOR debt at an accelerated pace - I plan to pay interest only on the IP portion of the loan, pay nothing on the ML portion and pay all that...
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    Record Keeping

    Scanning is good, I use quicken, can enter all entries with a category (for ease of reporting at end of year) and attach scans to each transaction for easy access. Then file the paperwork. If you ever need to retrieve the document you can easily search by payee, description, category etc.
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    Topping up PPOR loan and redrawing for IP #1?

    I think both are going to be questionable for deductions. An offset is just parked money, pulling this out does not create a deducable loan it just increases the loan on PPOR.
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    banks encouraging 'LOE'

    Does sound very much like a reverse mortgage, also been hearing a lot of adds on the radio for loans that capitalise interest for 2 years letting you pay 5 or 5.5% I think it was then reverting to the normal rate (probably higher than normal). So yes the banks are encouraging this.
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    Wanting some information

    With regard to this, you should consider splitting across states once land tax becomes an issue.
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    Aussie Home Loans LOC product

    Hi, Does anyone know if the LOC product from Aussie home loans has the correct 'mechanics' behind it to debt recycle on an existing PPOR? The reason I ask is that I made enquiries into getting one set up and was given the impression that the loan did not automatically increase the LOC...
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    LOC and Tax deductability

    Thanks for that LynnH - I was hoping that was the case, just wasn't sure. :)
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    LOC and Tax deductability

    Hello everyone, I am looking at setting up a LOC on my PPOR to use for investment purposes only. I would be looking at using it for debt recycling to try and pay down the non deductable portion of our PPOR loan quicker - I would pay rates, water and other IP related bills through the LOC set...
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