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  1. S

    subdivision and tax

    http://http://somersoft.com/forums/showthread.php?t=50130 Steel case earlier discussed. For reference.
  2. S

    subdivision and tax

    It will be an IP
  3. S

    subdivision and tax

    Definitely Colin. (Btw, the above mentioned is just a scenario but we do have a sub dividable property) A house will be built on it. Now it is already getting complex to me :)
  4. S

    subdivision and tax

    Thanks Terry. Yep have to get permission from bank. There won't be any sales. So no CGT involved. Just wondering whether the interest of the loan (no changes to loan amount, possibly loan security against both titles) can be fully deducted against the income.
  5. S

    subdivision and tax

    Say I buy a house on 1000m2 for 500k with 400k loan and rent it out. Then I subdivide it into a house on 450m2 and 550m2 land. Say the land will be vacant for few years before I build a house on it. 1. Can I still claim all the interest paid for the 400k loan as tax deductions? 2. Once there...
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