From my accountant (I asked this Q at PC as I thought he was away on holidays) In short, as the property was rented out, Capital Gains Tax may...
My house has often been holiday rented over the past 8 years for 3 to 8 weeks a year while I am interstate and overseas. Depreciation on building...
Thanks Peter Distributions are purely for tax reasons. Thanks Terry I have all the power to change the distributions. I just need to sign off on...
They're adults. So you have personal experience with lenders putting forward the 'entitlement' argument as a basis for not taking into account...
Excellent! Thank you.
Hm...hard to descibe in one line. I have a business that has, for the last 2 years at least, distributed profit among myself and my 2 children....
Wow! Perfect! Thank you very very much Peter.
Yes I do understand that in a MB-client context. Am I drawing too long a bow if I think it also applies to forums? Anyway looks like CBA and WPC...
But I have seen post/s here where MBs talk about scrapping in a mortgage app by reducing the living expense figures by as little as $1. If my...
Well I was hoping for something, anything, as a base. There was an organization whose recommendations were used by lenders some time ago (forgot...
...that are used nowadays (I presume) by lenders to calculate serviceability. I've been looking around PropertyChat and also Google for some...
I don't mind paying for the info. I don't want a membership to say PriceFinder because of the cost as I only need the prices for a few properties....
Separate names with a comma.
