Thanks Terry. What if the removal happens during tenancy and in between tenancy? Can the expense be deductible in both scenarios?
Hi Paul, if it is a PPOR to IP situation, that contract with PM is signed and property is vacant, then PM suggests op to remove the infested tree...
Thanks Terry, will stick to tax tip 1 then.:D
Hi Terry, would you please share more insight upon this? One difference is the source of offset money. In tip 82 the source is private savings,...
yes, borrowed money and landed into an empty offset, no interest will be incurred until the person use the money in offset. The use will be...
Hi Terry, the scenario I described is for IP and IP's offset. A separate new loan is borrowed against IP and money lands into a clean offset. Can...
Thanks Terry. For this particular scenario, I was so sure option b) is the choice that there should be no detour for borrowed money, until I read...
I am thinking about a scenario: if a person plans to borrow to pay IP's expenses (tax tip 4). He is able to borrow extra against the same IP, in...
Thanks Terry, let me go through other posts and think more ;)
Thank you Terry! To me this should be avoided, if I am not able to draft the spreadsheet to follow...Not sure if my tax advisor wants to do it and...
Hi Terry, As the loan is drawn down in stages, along with the scheduled PI payment, the deductibility % will be reduced further, is my...
Sorry to bring up this old thread while learning my way through all the great tips! Just wondering how people have done this in reality if it is a...
Hi Terry, Would you please share an example or elaborate a bit about "Everything except for interest on the loan"? Just trying to scratch my...
Hi Terry, First off thank you for all the tips you have been sharing over the years, wish I could have read this much earlier. I have only one...
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