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you would lose out on the interest you could be saving if you put that money into your PPOR homeloan. or you could be doing other stuff with that money. better to get it earlier i reckon...

I'm not going to sell my one IP that i bought recently anytime soon. will I have to worry about CGT at all? or do you have to estimate what the IP gained over the year? :confused:

if everyone just mentions or explains one point then everything accumulates. sum of parts equals a whole (i'm just thinking positive) but yet i get your point i don't know what i don't know...

ok.... how much is their fee normally for one IP and job (not much tax deduct-able with the job)???? say they charged $2k that means ... they would have had to find around $5.7k in deductions that you failed to find...

i haven't done any variation yet. my first time... the only tips i got from people are work is to do it before the start of the next fyear so it kicks in on your first pay check. also you can't just do it for one property. each time you submit you need to submit everything, all properties...

ok i'll consider using accountant once then... once i learn his/her secrets... then i'll do it solo muhahaha. i'm gonna try to exhaust all other avenues first. if no choice then i'll turn to an accountant. :)

My knowledge of tax law aint that good... so you're saying... tax agent can save me more money than the cost of hiring him/her... that's a good point... I don't have LMI.

I wanna try myself first. If I fail then I'll use an account. I don't have an account degree but I can do maths and I know how to use excel... I heard a lot of the times the accountant asks you for the information and you spend just as much time answering them as if you did it yourself. (no...

Hi guys, I'm trying figure out what is tax deduct-able? Background: It's an investment property. I rent rooms out individually and the rent includes water and electricity. (fully furnished). I don't live there. I bought it in Feb this year 2014. Here is everything related to the investment...