Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The market's tightened up quite a bit lately, but back in the "good old days" (2001-2003) we used to have the lenders we were moving to foot the transfer costs. i.e. "I will give you my business if you make the transition costless for me"
Cheers,
The Y-man
Anyone signed up to HSBC Premier loans?
Also, i read alot about interests on investment loans are tax deductible, however i also read in some articles on the web that the interests are only deductible if the property is negatively geared - a bit confuse -- can someone confirm this please? Thanks alot
If your rents are higher than your expenses then then is effectively nothing for you to "deduct" in terms of tax paid
.. if the property is positive geared, are the interests on bank loans tax deductible? if so, I don't see any benefits of negative gearing compared to positive gearing,
Yes, deductible regardess. In very general terms, investors who seek capital growth return will often sacrifice some rental return (hence making it negative).
But this is probably a discussion for another thread.