I should have specified that the repairs were: - painting the interior walls and kitchen cabinets; - plastering, waterproofing, tiling the shower;...
Hi experts, I have a couple of questions that I'm hoping would only be simple answers.. After purchasing and settling on investment property, in...
Thank you Terry.
Thank you Paul.
John has a loan that is blended except that he doesn’t know it. 1. If John refinances original loan for the exact amount left in loan account...
Sorry, I should have made it clearer. Is interest on 50,000 used for income producing purpose claimable after apportioning it against outstanding...
Question that sort falls under this topic and under mixed loans.. John transfers 50 from PPOR loan into empty PPOR offset. A day later, he...
Ok, I understand. Thank you.
Do you mean he should keep private (A and B) as one joint 350k split. If so, wouldn’t that loan become mixed again once 100k is used for...
Say John has 500k loan that is mixed 70/30 private/investment for a property that is worth 1m. Does this comply with ATO paragraph 18, split the...
Ok, that makes sense. Thank you. Wish I came across all these earlier.
This is gold! Very helpful. What would happen if you have a 60/40 investment/private mixed loan. You then put 10k into loan/redraw account (as an...
In regular bank account where regular repayments are deducted from for private loan.
I am not very good at explaining this scenario. Let me try again. Loan A = 300k = mixed loan with 60% investment (180k) and 40% private (120k)....
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