Thanks for your response Terry, Since I have 98k loan outstanding on the 2nd split, should i do the following? 1) Split1 $300k 2) Split2 $98k 3)...
Hi gurus, I have a PPOR and IP PPOR - Split1 $300k - Split2 $120k limit with 98k in the loan (22k available for redraw in the loan). I used...
Thanks guys for your help.
Thanks guys. I am on variable. If i were to do this, would i still able to claim deduction on the INV loan which is linked to PPOR? What sort of...
Hi guys, Can anyone advice on my loan which is currently crossed collateralized. PPOR - $550k IP - $450k Loan 1 PPOR - $253k Loan 2 IP - $440k...
Thanks Terry, But if I were to pay the money bank to the loan, am i right in saying I would only be paying a small portion for the non deductible...
Hi Terry, I have got a qn and am wondering if you are able comment. I have made a redraw from my loan account (via a linked transaction account)...
Thanks a lot for the helpful advice dear forumites
Hi Terry, Can the property manager fee be paid out of loan account as well? They usually deduct their fee off the incoming rental. Is it possible...
Hi, I have a fully detached property sitting on a subdivided stata land in WA. Since it is only 2 property there is no body corporate nor strata...
Hi Terry, Can i use my borrowing to pay for stamp duty, building expenses etc during purchase and still claim deduction?
Noted. Thanks jess
Hi, I am looking at possibility of refinancing my PPOR to another banking institution due to limited split ability. I have 1 split I/O acc which...
Thanks heaps Terry. Your tips are excellent!!!
Thanks a lot for the information terry. Basing on the paragraph 44...what if the transaction account has nil funds at the time of redraw. Ie the...
Hi Terry, This is what I obtained from looking up on Domjan Case. I am no expert but it seems like she have used the redraw funds for private...
Hi Terry, You mentioned in point 1. 'if paid directly from loan'. What if my loan is linked to transaction account that i need to pass thru first...
Thanks Jess and Terry...just read the Tax Tip 1. I could have caused a major mess by parking the fund in the offset account! Will do as suggested...
Hi Jess could you elaborate pls? - Where should i keep the excess cash from the borrowed fund - why should i not mix rental income in the...
Hi thanks a lot for your feedback. Yes I intend to utilize that Acc 2 fully and purely for the purchase of my investment property. On top of...
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