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Stamp duty on the transfer of land will not be deductible against income, but will be deductible against the CG when sold. Other stamp duty may be claimable - on LMI, mortgage stamp duty etc.

Sounds like you are going to visit family so you will have to apportion your trip between the property and the family. maybe half would be deductible - check with your accountant.

Have you taken everythign into account. How much you get back is irrelevant too. If you employer is withholding more tax than they should you will be getting more back. You should be looking at the property stand alone. How much it costs you before tax and how much it costs you after tax...

Yes a PAYG variation to the ATO and then you give the ATO response to the employer.

LMI is not relevant if you have already claimed it. Whether it is nil or $5k or $10k the CGT would be the same. 50% CGT for assets held longer than 12 months.

CGT would be based on sale price and costs less purchase price and costs Assume stamp duty and legals were $15,000 Assume agents comms and legals were $10,000 $400,000 - 15,000 - $10,000 - $300,000 = $75,000 apply 50% discount = $37,500 capital gain on top of other income. LMI doesn't...

Even if you sell after 1 year you don't have to pay anyone back the LMI, infact you can claim the rest of the LMI you haven't claimed as it is claimable over 5 years or the life of the loan if shorter.