ANZ has a servicing guarantee policy. It's strict and from memory I can't remember whether it was only for PPR purposes. Let me know if you want...
I use Alfa Focus who are in Hawthorn. They are very savvy when it comes to structuring, tax management and asset protection.
It shouldn't hinder your ability. Your company would no longer pay you a wage and that would increase your profit which you can use for servicing....
Terry, As per the purpose test, once the asset is sold, you cannot claim interest deduction on the loan that was used to acquire it. If the...
I saw this post in a reddit post while searching for something else and I've read through the comments, did you get much help about this from the...
In the case of a loan to purchase an investment property, once the asset is sold, you cannot tax deduct a loan that was used for the purchase of...
The Domjan case is not specific to this case as he hadn't purchased the investment at the time of the funds being made available. As the funds...
The best way forward is to look at the tax structure first and balance out what you need in regards to tax deductions today and the CGT component...
Maybe ask Westpac if they can product switch you to their basic option first. This would be the lowest cost option. Refinancing, there are some...
Thanks Craig. The OO loan would have the same after tax cost as the IP loan if he has sold the investment property due to no available deductions....
I am not licensed Terry. But if you read what he has posted properly, it is clearly a misdirection of the equity funds being deposited into his...
Hi Excalibur, The tax deduction for loan interest is all dependent on the purpose of the funds not what it's secured against. So any funds used...
Terry you are over complicating the scenario. The equity loan funds were flushed into the PPR Offset and the next day, he moved it to the Equity...
Hey Tim, While I understand the reason why he wants to put it into to super to get the SMSF CGT concession rate, it's not possible under SIS Act....
Nad, You transferred the funds from your PPOR Offset into the Equity offset the day after the funds were deposited into the PPOR offset from the...
Hey Steve, You could get the loan repriced. Being a non-resident, it may be harder to refinance, but you might want to check with Westpac to see...
Hi Ben, Westpac will generally not change the IP loan into a OO loan. When you do sell the property, the IP loan will no longer will be tax...
Hi Harry, Due to being a related party loan, banks will tend to look at this differently. However if you do have an unsecured loan agreement...
Separate names with a comma.
