From: Anony Mouse
My son has two investment properties in Melbourne. He then moved to Canberra, and bought a property to live in. He then bought another property and rented out the first property, which was then 100% paid for. He used a line of credit on that property,to buy the next property which he is living in which is now nearly paid out.
He is now looking around for a new investment, which should not be a problem, as all criteria should be in place,
Question
How can he make claims for tax purposes interest etc on the first property.
"A government that robs Peter to pay Paul can always count on the support of Paul."
Of course, Paul's support is obvious, but it is equally obvious that to rob from Peter to pay Paul will make Peter
very, very angry.
My question is this: "How can you run a good government with a sore Peter?"
My son has two investment properties in Melbourne. He then moved to Canberra, and bought a property to live in. He then bought another property and rented out the first property, which was then 100% paid for. He used a line of credit on that property,to buy the next property which he is living in which is now nearly paid out.
He is now looking around for a new investment, which should not be a problem, as all criteria should be in place,
Question
How can he make claims for tax purposes interest etc on the first property.
"A government that robs Peter to pay Paul can always count on the support of Paul."
Of course, Paul's support is obvious, but it is equally obvious that to rob from Peter to pay Paul will make Peter
very, very angry.
My question is this: "How can you run a good government with a sore Peter?"
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