Search results

Reply: 2.1.1 From: Rolf Latham Hi Not knowing much about structures etc. would it not be cheaper in the long term to actually transfer title to yourself at a slightly lower cost, and pay the stamp duty ? Moving assets around between structures would require payment of a stamp duty anyway ...

Reply: 2 From: Rolf Latham Hi Toyo As a straight out transaction, what you want to do is possible BUT will not provide the tax deduction you are looking for. If you borrow money against your unit to purchase an owner occupied home, then the purpose of the money is personal and is therefore...