tax deductibility

Hiya SS I have the following scenario IP1 - Joint ownership - Loan 1 loan for the property joint name, interest is deductible 50/50 - Loan 2 new loan of $13K joint name, currently 2/3rd used to pay IP2 renovation IP2 - my name only - Loan 1 loan for the property, joint name...

Hi, I wouldn't mind comments on my loan setup. I didn't want cross- collaterisation like my bank suggested and came up with this: 1st loan: Secured against the investment property 80% value (approx. $320k and disbursed at settlement). * * 2nd loan Secured against our home equity for the...

I am buying a 'pre-stage 1' property (off the plan) for which I need to outlay $44,000 as a deposit towards the building costs. I assume I want all costs towards the property to be tax deductible, including this $44K amount. I have already paid $4K by credit card, with $40K due. How do I...

Hi all, I think this may be my first post to the forum. I registered in Dec but then enjoyed xmas and now I am getting back into learning about property investing before taking the jump on my first proper investment property. I say proper because I have recently moved from the uk and rent...

Hi Guys, We recently settled on an investment property. The contract was signed in the previous financial year (2012/2013). Are any of the costs incurred in the previous financial towards attaining the investment property tax deductible for the previous financial year? What about costs...