I wouldn't want to incur LMI unnecessarily.
Interest is only deductible against the income it relates to. If the ownership of all the properties is the same, and assuming all interest is...
If they are strata titled take them to 4 different lenders.
But there are laws for absences
When a joint tenant owner dies their share of the property passes to the other surviving owners. There is no opportunity to deal with the property...
search the address on google and see who last advertised the property
Thats better, but the ATO disagree. I am not sure the ATO argument is correct though, but there is one private ruling where they denied the...
Buy the property and become the landlord
Real estate agent?
can't claim any expenses as there is no income, but not a big deal perhaps if largely paid off
Edit - some could be deductibe in year 6 as it must be apportioned in the first year
Yep, sounds like your accountant is wrong
LMI only potentially deductible over 5 years so you would have to apportion it for the 3 remaining years.
see s102AG ITAA36 and get some legal advice. Minor children will be taxed as adults on income from a deceased estate.
I don't know how insurance...
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