Thanks Paul. The interest only investment loan taken out over main residence is purely for investment purposes only. It is not for any other...
Hi All, I have an interest only investment loan for investment purposes over my main residence. If I pull out say $200,000 to purchase an...
Say ABC Pty Ltd purchased a company car for $140,000 in the FY2023 year and has not yet claimed any depreciation and sells it 6 months later at...
Thanks Terry. I have seen your tax tip but what if the trustee is not a present landholder, but enters into a put and call option to purchase a...
Hi All, Say ABC Pty Ltd as trustee for the ABC Unit Trust owns a property. There are 2 unit holders. If one of the unit holders transfers their...
Thanks Lindsay. This is for a relative (cousin). ABN has been in existence for about 5-6 years.
Hi guys, Would anyone know if there are any lenders that assess your loan application if you are self-employed on 1 year financials and tax...
Loan settled on 17 February 2022 which I was pretty please about considering the time I was advised it would take just for ANZ to pick up the file.
Thanks Scott. She will call her accountant on Wednesday when he gets back. But she just wanted initial thoughts of it before then. There is no...
I understand all this. The amounts I stated are just from an example. My understanding was you only pay the difference between what you paid...
Hi all, Say in 2019 you lodged your personal tax return on an income of $60,000 and you paid $1,200 in medicare levy and $3,000 in HECS. If you...
It is crazy. No idea why. Even though application is self-employed, it is fairly simple application.
I have lodged an home loan application with ANZ Bank on 10 January 2022 (self employed). I have been advised (email from ANZ) that they will look...
Thanks Mike. So does that mean Joe and Mary would need to pay CGT on the increase in value of the 2nd property (vacant land that was then built)...
Thanks Mike and Terry. Doesn't it seem like it is a legal loop hole then considering Mary and Joe purchased something off the plan that did not...
Thanks Terry. But wouldn't 118-135 apply because Mary and Joe moved into the 2nd property as soon as practicable?
Could section 118-135 apply here meaning Joe and Mary would be entitled to the full main residence exemption for the entire period of ownership of...
Hi Guys, I have a question which would be best illustrated by an example: Joe and Mary purchased a property in 2000 and have been living in the...
Thanks Tony for the reply. The loan is approx $750 across 2 blocks of land that are under construction (cross collateralised). There is no...
Hi All, Would anyone know of Macquarie Bank's attitude towards security swaps? That is, swapping an IO investment loan from a house under...
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