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From: Goran Arsovski
Hi,
I have a tax question which I would like to be answered.I recently purchased my first IP,on 30th of June 2001 to be exact.My bank manager advised me to settle before june 2001 as I would be able to claim mortgage insurance, application fees, solicitors fees and etc..for that year. I am not sure if this is possible since we did only pay the vendor the cost of the house before june 2001 all other fees mentioned above were deducted from my account a fortnight later within 2001-2002 financial year.I am just asking if there is an possible claim here or has my bank manager got no idea.
Also if I am not able to claim anything within 00-01 financial year would it be to late to apply for a reduction in salary tax through form 221D (I think) for 01-02 financial year and how does this form generally work even when your property is not occupied or the amount of rent fluctuates within the same year.
Thank you greatly and apologies for the long post.
Regards Goran.
Hi,
I have a tax question which I would like to be answered.I recently purchased my first IP,on 30th of June 2001 to be exact.My bank manager advised me to settle before june 2001 as I would be able to claim mortgage insurance, application fees, solicitors fees and etc..for that year. I am not sure if this is possible since we did only pay the vendor the cost of the house before june 2001 all other fees mentioned above were deducted from my account a fortnight later within 2001-2002 financial year.I am just asking if there is an possible claim here or has my bank manager got no idea.
Also if I am not able to claim anything within 00-01 financial year would it be to late to apply for a reduction in salary tax through form 221D (I think) for 01-02 financial year and how does this form generally work even when your property is not occupied or the amount of rent fluctuates within the same year.
Thank you greatly and apologies for the long post.
Regards Goran.
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