Recent Content by Barneymaroon

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  1. Barneymaroon
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    Tax Tip 16: Capitalising Interest

    I have a conundrum, and it would be great to get other investors views on this. I have a 420 principal and interest loan secured against my PPOR...
    Post by: Barneymaroon, 22nd Dec, 2022 in forum: Accounting & Tax
  2. Barneymaroon
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    Tax Tip 437: Even if Under the Current Land Tax Threshold in QLD you could be up for Land Tax

    AND TAX ACT 2010 - SCHEDULE 1 SCHEDULE 1 – Rate of land tax—individuals other than absentees and trustees Column 1 Total taxable value Column 2...
    Post by: Barneymaroon, 24th Jul, 2022 in forum: Accounting & Tax
  3. Barneymaroon
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    trusts distributing to children - new ato alert

    Slightly off topic. My daughter turns 18 in December, and I will distribute income from trust to her next FY. Can I distribute to her from 1 July...
    Post by: Barneymaroon, 4th May, 2022 in forum: Accounting & Tax
  4. Barneymaroon
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    Re-investing trust income in a trust

    Thanks. Entitlement to fixed sum would be sufficient. I had assumed that I had to pay her income out. I would then recommend she invested it in...
    Post by: Barneymaroon, 22nd Nov, 2021 in forum: Accounting & Tax
  5. Barneymaroon
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    Re-investing trust income in a trust

    More than happy to just hold a cash liability with a 0% interest (for simplicity), as well as her or rep can call on it.
    Post by: Barneymaroon, 22nd Nov, 2021 in forum: Accounting & Tax
  6. Barneymaroon
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    Re-investing trust income in a trust

    I have been doing so for both.
    Post by: Barneymaroon, 22nd Nov, 2021 in forum: Accounting & Tax
  7. Barneymaroon
    Thread

    Re-investing trust income in a trust

    One of my children is about to turn 18 and I will be able to pay her from a DT. I have heard that I can retain that income in the trust (it will...
    Thread by: Barneymaroon, 22nd Nov, 2021, 11 replies, in forum: Accounting & Tax
  8. Barneymaroon
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    Margin Loans Cheap Margin Loan (Take 2)

    Hi all, I have realised my last plan for cheap margin loan was flawed - and appreciated your comments. Does this one work? I have a 0 balance...
    Thread by: Barneymaroon, 5th Oct, 2021, 1 replies, in forum: Loans & Mortgage Brokers
  9. Barneymaroon
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    Using offset funds to buy shares

    Yes, thanks all for comments. My questions have been answered. Cheers.
    Post by: Barneymaroon, 17th Sep, 2021 in forum: Loans & Mortgage Brokers
  10. Barneymaroon
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    Using offset funds to buy shares

    So potentially not legal
    Post by: Barneymaroon, 17th Sep, 2021 in forum: Loans & Mortgage Brokers
  11. Barneymaroon
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    Using offset funds to buy shares

    I create line of credit loans secured by my PPOR and buy shares. I deduct interest against dividend income. Your comment "The interest here could...
    Post by: Barneymaroon, 17th Sep, 2021 in forum: Loans & Mortgage Brokers
  12. Barneymaroon
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    Using offset funds to buy shares

    Basically I want to borrow money at 2% to buy shares instead of 5% on margin loans. I want to dollar cost average in. I have heaps of equity to...
    Post by: Barneymaroon, 17th Sep, 2021 in forum: Loans & Mortgage Brokers
  13. Barneymaroon
    Post

    Using offset funds to buy shares

    I create line of credit loans secured by my PPOR and buy shares. I deduct interest against dividend income. "The interest here could potentially...
    Post by: Barneymaroon, 17th Sep, 2021 in forum: Loans & Mortgage Brokers