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  1. twau76
    Post

    where should I put the surplus fund

    I got it. Thanks all for your advise.
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  2. twau76
    Post

    where should I put the surplus fund

    Thanks Terry. so I can pay it back into Main property loan - sub account2, right? and in this case, is the IP loan full deductible as 4% of 10K is...
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  3. twau76
    Post

    where should I put the surplus fund

    I think this should be borrowed money. I haven't got that money yet. was wondering how should I deal with it when I receive it. Here is how I get...
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  4. twau76
    Post

    where should I put the surplus fund

    Thanks Jess. The loan looks like: Main property loan Sub Account 1: Sub Account 2: 50K, (48K used for IP and 2K used for personal)...
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  5. twau76
    Post

    where should I put the surplus fund

    Hi Terry, The IP loan can cover all the deposit and expense for settlement due to the market value has gone up, and there will be still around...
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  6. twau76
    Post

    where should I put the surplus fund

    Hi Jess, Do you mean I need to open a new sub account for the new IP loan or put the money in the sub account of the existing loan which I used...
    Post by: twau76, 1st Sep, 2016 in forum: Investment Strategy
  7. twau76
    Thread

    where should I put the surplus fund

    I have a subaccount 50K for an existing loan, which I used 48K for an IP, and 2K for personal use. now the IP is ready for settlement and I will...
    Thread by: twau76, 1st Sep, 2016, 19 replies, in forum: Investment Strategy
  8. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    can the fund be parked in the lawyers trust account for off the plan property, would that be too long? and the interest will be still deductible?...
    Post by: twau76, 13th Nov, 2015 in forum: Accounting & Tax
  9. twau76
    Post

    Tax Tip 45: How to work out the Portions of a Mixed Loan

    Thanks Terry, appreciate your great help. Luckily no more deposit later on. So Better to recycle 100k split in the future, then I can claim 99.9%...
    Post by: twau76, 14th Oct, 2015 in forum: Accounting & Tax
  10. twau76
    Post

    Tax Tip 45: How to work out the Portions of a Mixed Loan

    Thanks Terry. The loan initially is used like a transaction account. Putting salary in, transfer out for expense or investment whenever required....
    Post by: twau76, 14th Oct, 2015 in forum: Accounting & Tax
  11. twau76
    Post

    Tax Tip 45: How to work out the Portions of a Mixed Loan

    For a mixed loan, after certain point of time, there is no payments made into the loan(start using offset account), all the redraw after this...
    Post by: twau76, 13th Oct, 2015 in forum: Accounting & Tax
  12. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    Thanks so much Terry. It was BW. I will go with saving account option, and close it once done.
    Post by: twau76, 13th Oct, 2015 in forum: Accounting & Tax
  13. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    Just went to bank today, I was told it's not possible to draw a bank cheque from loan account, have to transfer to a transaction or saving account...
    Post by: twau76, 13th Oct, 2015 in forum: Accounting & Tax
  14. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    Thanks a lot Terry.
    Post by: twau76, 13th Oct, 2015 in forum: Accounting & Tax
  15. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    Thanks Terry. The scenario I was trying to propose is 1. when there is no enough fund in one loan account, can I use a transaction account(0...
    Post by: twau76, 13th Oct, 2015 in forum: Accounting & Tax
  16. twau76
    Post

    Tax Tip 1: Parking borrowed money in an offset account

    Hi Terry, Just wondering how to redraw the fund, could you please help to clarify? If one of the loan account doesn't have enough fund, would...
    Post by: twau76, 12th Oct, 2015 in forum: Accounting & Tax
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