should be ok if you don't claim interest on loan b
no the relevant date is when it first became income producing, s118-192 ITAA97 no this is a separate issue Tax Tip 399: Claiming Expenses...
I support this!
What do you mean by “reassigning debt
You can't. interest is only deductible to the extent it relate to income
My adult kids live in Japan and prefer living there than Australia or Thailand even. My younger daughter had an operation there several years ago...
I interpreted it as them taking a pill to help remember their youth. Are older Japanese "asked" to die? if people are asking this it is not...
get some tax advice, but you can use redraw as long as you will not be mixing. You could even mix and fix it later. It might be good to use $400k...
equity = value minus secured debt
you can’t take equity out it sounds like you have borrowed money. Where is that money now?
Savings directly no. You must borrow to invest which is the basis of debt recycling. Get some tax advice
If the interest rates where the same on owner occupier loans and investment loans then there can be no savings by implementing this strategy.
Tried to send you a message but couldn't. Yes planning on going in a few months back to Osaka. living in Thailand atm so not so far
Great story is this the thread Australia's Cheapest Farmland?
I used to trade shares many years ago. I recall buying cba around $70 and selling when it popped up enough for me to make $2k and selling and...
That top one just come up in my feed a few hours ago and is not on my watch later list. I wonder who got rich off 'COVID'
potentially yes - but it must be the superfund's money
no
It doesn't matter where that money comes from really
I use Glen of Home - Macfarlane Lawyers, Sydney
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