Mike, i meet each of the following: Section 87-40 of the ITAA 1997 modifies the operation of Part 2-42 for certain agents. Section 87-40 will...
Hi Michael, While the income is from my labour and skills im not generating it from just the one employer.
Hi Terry, How about this: X company ATF Family Trust say Y. Inlaws currently residents not earning income as benficiaries. Read somewhere on the...
Interesting one Terry. Where do you reckon I could read up on using trust structures to firstly jointly buy with the parents/lending them the...
The ppor we had is one of the ip's and we currently live on rent
We live on rent of $2000 a month. Does this strategy seem fine to you? There is potential for growth possibly in the next 2-3 yrs
Hi Terry, Would appreciate your view on this one Being on P&I Var is causing both my IP to negative cash flow on rent itself by 300$ each...
Reviving this old thread with my current situation: Being on P&I Var is causing both my IP to negative cash flow on rent itself by 300$ each...
Currently looking for another bank to move to
Recently contacted ANZ to have the other residential IP loan converted to Owner occupied too or cheaper rates but they refused saying one has to...
Michael just understood what you said. ANZ has a page where the interest paid can be seen for the FY years. You reckon they would show correctly...
Hi Terry, We plan to invest in another IP very soon so basically will use our spare cash there. Everyday expenses are from a credit card paid off...
Thanks heaps Terry. Your tax tips are a treasure of information! Just to confirm my loans are set up as: PPOR- rented out classified as investor...
Do you also know where I can look this information up at?
Thanks Michael so does that mean that the other IP classified as owner occupier loan if leased out, the interest will be deductible?
Apologies for not being clear. 1. You have one PPOR and 1 IP ? Yes 2. You have loans against properties ? Yes The loan against the PPOR wont be...
Hi PC's, Seeking an experts advise on property tax implications. Currently living on rent with 1 PPOR rented out & Other IP. IP was initially...
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