Thanks for the reply Paul - much appreciated. Can you please elaborate on the point above? Whats the determination if one share is deductible but...
I am more than happy to make a profit - just trying to manage my tax affairs. There are only two things you cannot avoid in life Death and Tax....
paid 'extra' almost equivalent to the loan balance..... the actual balance is not 400k (that's just to follow through the previous conversation to...
The problem is that the redraw amount almost pay off that 400k and leave me with $20 mothly interest payment. Hence, all the extra rental income...
As in keeps calculating monthly to break that minuscule non-income generating interest? well the redraw is pretty much as much as the balance...
a new loan...so if I refinance it with the same bank (cost is very minimal)...obviously take out all the redraw first before hand - would that work?
Well basically I would like to maximize the tax deduction from the property - was never intending to convert the house to IP due to its location...
Hi many knowledgeable forum members, Is there any tax guru around here that can provide some insight. I couldn't seem to get a straight answer...
Thanks ...what is the normal schedule? One I did previously was 10 years span. How many span of years do people get? I will definitely go back and...
I am interested with this one, so if the previous owner has fully depreciated the 100 yrs old property, someone else after purchasing can...
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