Thank you all for your comments Has given me lots of great info to think about
That’s pretty much it! Having the financial security of no mortgage on ppor. Reading through comments again though it appears it makes no...
I want to pay off my ppor so I own it no mortgage. I don’t see any benefit of having a large mortgage on my ppor but maybe I’m missing something?
My main goal is not tax deductions but owing leas mortgage on ppor. So I suppose the question is will the bank allow me to “increase mortgage on...
I was in simple terms wanting to reduce what I owe on the mortgage of the property I’ll be moving into - currently the investment one So that I...
Thank you for your reply Terry In the new scenario if I was to adjust the mortgages Investment would have mortgage of @ 500k Which would mean my...
Hi all Hoping for some advice please! I have an investment property that is mortgaged to full value 625k when I bought it over a year ago and my...
Ok thank you terry
I will seek tax advice Why do you recommend legal advice
I understand it will be taxed as income but if it's trading stock it doesn't attract capital gains tax but rather is added to yearly income and...
But if it's trading stock and sold within 12 months it's exempt
If it's a capital assets and is sold within 12 months isn't it subject to capital gains?
Under this structure it is still considered as trading stock and all expenses are claimable? Repayments Stamp duty Coat of renovating etc Thanks
Thanks terry To clarify: it doesn't matter that I will be running it through my abn? She will still be liable for some tax %? And are all...
Thanks The other party is my sister So if she has 1% share does this effect how the bank analyse the loan? And if I am running it as a business...
Thank you for that So realistically we can be 50/50 on loan to get maximum borrowing capacity. And on tax return can I be 100% so the other party...
Hi After some advice. I am looking at buying an Ip to flip. I have an abn and will run it as a business and believe it can be treated as stock,...
Thanks terry. Is there anyone that does all?!!
Thank you for all the advice, I guess the next question is here so I start?! Whom should I see first? An accountant or a broker? Any...
Hi No the new company each property was from an investor currently structured that way. What's the best way to look at my overall borrowing?...
Separate names with a comma.
