tax deductibility

  1. E

    How is the tax deductibility going to be apportioned?

    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...
  2. S

    Loan setup: equity loan with offset account for future IP

    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...
  3. johnthetechguy

    How do I ensure $44K 'bulding deposit' is tax deductible if settlement is in 1 year?

    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...
  4. P

    Lenders Mortgage Insurance.... deductable?

    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...
  5. D

    Contract Settles in New Financial Year and Tax Deductibility

    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...