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  1. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thanks Terry
    Post by: Tuff Gong, 30th Nov, 2022 in forum: Loans & Mortgage Brokers
  2. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    How can I fix this given I've already created the splits? Is this something I address with my broker?
    Post by: Tuff Gong, 30th Nov, 2022 in forum: Loans & Mortgage Brokers
  3. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    I am really confused! I thought by creating a new split of 180k and paying into that so funds are available for redraw would make it clean. I read...
    Post by: Tuff Gong, 29th Nov, 2022 in forum: Loans & Mortgage Brokers
  4. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    So I have now created a loan split. Before: Loan Split A: $200k IO Offset against Loan Split A: $200k Now: Loan Split A: 20k IO Offset against...
    Post by: Tuff Gong, 29th Nov, 2022 in forum: Loans & Mortgage Brokers
  5. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thanks. When you say "move the money to an appropriate account", would this be one of my accounts or an external account belonging to someone else?
    Post by: Tuff Gong, 18th Nov, 2022 in forum: Loans & Mortgage Brokers
  6. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Great point, thank you!
    Post by: Tuff Gong, 18th Nov, 2022 in forum: Loans & Mortgage Brokers
  7. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thanks. Just to be sure, I don't intend for the conveyancer/solicitor to draw these funds from the offset account. The intention is for the...
    Post by: Tuff Gong, 18th Nov, 2022 in forum: Loans & Mortgage Brokers
  8. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thank you this is now clear thanks to your explanation! Thank you. Could I also use the left over funds in redraw to buy income producing shares?...
    Post by: Tuff Gong, 17th Nov, 2022 in forum: Loans & Mortgage Brokers
  9. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thank you Paul. My intention is to repay the loan and pay solicitor fees, buyers agent fees etc from the redraw. But what do I do in case I have...
    Post by: Tuff Gong, 17th Nov, 2022 in forum: Loans & Mortgage Brokers
  10. Tuff Gong
    Post

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Thanks Peter. Can you clarify what you mean by "contribution of funds in a single lump sum"? Buyers agent fees and building & pest report will be...
    Post by: Tuff Gong, 17th Nov, 2022 in forum: Loans & Mortgage Brokers
  11. Tuff Gong
    Thread

    Equity Release and Paying Stamp Duty, Conveyancing etc

    Hello, Did an equity release on my PPoR and will use some of the funds ($180k) for the deposit, stamp duty, conveyancing, pest and building...
    Thread by: Tuff Gong, 17th Nov, 2022, 26 replies, in forum: Loans & Mortgage Brokers
  12. Tuff Gong
    Post

    Loan Tip: Structuring the Renovation of a PPOR

    I thought by creating that split for the renovation (and therefore keep it completely separate to keep it easy for accounting purposes) and...
    Post by: Tuff Gong, 11th Nov, 2021 in forum: Loans & Mortgage Brokers
  13. Tuff Gong
    Post

    Loan Tip: Structuring the Renovation of a PPOR

    Awesome post @Terry_w as usual! So in my case, I have a PPOR with funds sitting (say 200k) in the offset which will be used for renovation (say...
    Post by: Tuff Gong, 10th Nov, 2021 in forum: Loans & Mortgage Brokers
  14. Tuff Gong
    Thread

    AMP Offset Account Change

    G'day all, I recently restructured my existing AMP Home Loan (with Master Limit), below is how it was set-up before the restructure: Home Loan...
    Thread by: Tuff Gong, 3rd Sep, 2021, 1 replies, in forum: Loans & Mortgage Brokers
  15. Tuff Gong
    Post

    Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling

    Could I repay $3k into that split to lower the balance back to 79k?
    Post by: Tuff Gong, 13th Jul, 2021 in forum: Accounting & Tax
  16. Tuff Gong
    Post

    Loan restructure with AMP. Shares, Offset Accounts etc

    Hi all, Our broker set this up as per the above late last year (with a small issue for point 5), as described here Tax Tip 304: Split Loan as...
    Post by: Tuff Gong, 13th Jul, 2021 in forum: Loans & Mortgage Brokers
  17. Tuff Gong
    Post

    Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling

    Ok, understood. Thank you! Enjoy the rest of your Sunday evening!
    Post by: Tuff Gong, 20th Dec, 2020 in forum: Accounting & Tax
  18. Tuff Gong
    Post

    Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling

    Thanks, such a shame I didn't notice this earlier (my mistake for not checking!). 1) Given the master limit and the ability to decrease and...
    Post by: Tuff Gong, 20th Dec, 2020 in forum: Accounting & Tax
  19. Tuff Gong
    Post

    Tax Tip 304: Split Loan as Needed Rather than a Big Split when Debt Recycling

    I recently refinanced my PPoR home loan with multiple splits to AMP (with the Master Limit facility). One of the splits, which I created a couple...
    Post by: Tuff Gong, 20th Dec, 2020 in forum: Accounting & Tax
  20. Tuff Gong
    Post

    Loan restructure with AMP. Shares, Offset Accounts etc

    Thank you all! This forum is great :)
    Post by: Tuff Gong, 6th Nov, 2020 in forum: Loans & Mortgage Brokers
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