Hi Mike, Yes I have already split the loan. Thanks for your advice, will defiantly implement it.
Hi chylld, So I would have to get the dividends/distributions paid into my account and not reinvested to constitute income for the loan...
Thanks Terry, And would the repayments on the loan then become tax deductible if i used the money to invest in a managed fund?
Hi All, I'm refinancing my IP and pulling some equity out for future reno's or purchases. In the meantime i have been looking into where to put...
A hot topic at the moment is IO loans being roll over into P&I loans and there are many threads discussing these changes. In this current climate,...
I assume that this would be a common occurence and would like to know how people dealt with the situation. A Certifier would only look at it one...
Hi Guys, What is a certifiers legal liability in regards to uncertifiable/unapproved building works. If you buy a house and there are some...
But its not necessarily a requirement to change names on the title? It would be apart of the solicitors checks before signing the contract and...
Hi All, I have recently moved into my PPOR which is a new build and have only obtained a Interim Occupational Certificate, if i ever wanted to...
What areas would you describe as terrible socioeconomic areas?
I think i understand what your saying. I will only keep it as a P&I loan until i have enough equity to pull out another deposit for an investment...
I already have the offset account with my current lO loan which will stay an offset once the loan changes to a P&I. If the interest rates weren't...
And by "pay extra over the minimum" you are talking about the automatic principle debits the bank charges?
Hi All, Im thinking about transferring my Interest only loan into a principle and interest loan to take advantage of the lower interest rate. All...
Thanks for all the feedback, makes much more sense to me now not set up an ABN. Appreciate all the comments.
OK seems like it isn't the way to go. I thought there may have been some benefits of using the income on the ABN and deducting some work expenses...
1 property in my name and the others as joint tenant
I'm not to sure where this post should go, Accounting/Tax/Renovating or investment strategy? I guess it touches a little on all aspects. So, I'm...
Hi Peter, Thanks for your comments.
Thanks Terry, Very helpful. So it sounds like a toss up between becoming serviceable and letting the spouse take half the tax benefits.
Separate names with a comma.
