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  1. B

    2 second tax question

    Well your thirty minutes in this case is much appreciated
  2. B

    2 second tax question

    I was going to say the same thing! I assumed it was much more simple.
  3. B

    2 second tax question

    Thank rob. No its for one we have a contract on. I assume from the info it means the interest is not deductible now that it's been paid from a personal use account but it will form part of the cost base of we ever sell. Lucky we've made that mistake on a relatively small purchase! So just to...
  4. B

    2 second tax question

    Just for others information - I had some input from my accountant also. Apparently a reimbursement for the exact amount should be ok for the ATO, but probably preferable to do the way Paul suggests.
  5. B

    2 second tax question

    Thanks for clarification Paul
  6. B

    2 second tax question

    Hmm...so I'll need a third comment to clarify - seems we have two differing opinions? The issue is that if I am to transfer directly from the loan it takes up to three days, where as if I pay with cash/credit card it goes through immediately while I then wait for the loan funds to reimburse
  7. B

    2 second tax question

    Quick question - if I pay for building and pest inspection from an everyday/offset account and then reimburse the amount from my loan set up for investment purposes, is the interest on the loan for this amount still deductible?
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