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  1. DaleGG

    tax deductible? I haven't bought my first property

    Reply: 3.2 From: Dale Gatherum-Goss Hi Mark Thank you for providing a timely reminder to everyone here that it is important to get good advice from your own trusted advisor rather than just accept what is said on this (or other) forum. Dale
  2. DaleGG

    tax deductible? I haven't bought my first property

    Reply: 2.1 From: Dale Gatherum-Goss Hi Technically, you should live in the place first to satisfy the conditions of the FHOG first and foremost. At the same time, it sets in place the exemption from CGT for a while should you sell it within 6 years of moving out. Doing so, means that you...
  3. DaleGG

    tax deductible? I haven't bought my first property

    Reply: 1.1.1.1.1 From: Dale Gatherum-Goss Hiya Les Yes, interest on money borrowed to buy (in full, or in part) income producing assets should be tax deductible. Well done! Dale
  4. DaleGG

    tax deductible? I haven't bought my first property

    Reply: 1.1.1 From: Dale Gatherum-Goss Hi Jye No, the deposit bond and bank guarantee are not tax deductible. They form part of the cost of buying the property and therefore relate to the cost for CGT purposes. Bummer, huh? Have fun Dale
  5. DaleGG

    tax deductible? I haven't bought my first property

    Reply: 1 From: Dale Gatherum-Goss HI I have no problem with you claiming these costs because you have an intention to produce income from investments. Dale
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