Tax Tip 563: Substitution of Security and Deductibility of Interest It can be possible to keep a loan open once the asset that was used as...
Strategy for Share investors involving Property Strategy for Share investors involving Property Debt Recycling Strategy: Buy and Sell...
Tax Tip 557: Debt Recycling into Assets that pay no Income Debt Recycling is converting a loan on which the interest isn’t deductible into a...
Tax Tip 556: Redrawing to invest from a Loan that is in Credit Loans have negative balances usually. The borrower owes the bank the money they...
Tax Tip 551: Tax Advantages of Not Jointly Owning Shares Is it better to own publicly listed shares in one name or both names for spouses...
From a tax point of view, refinancing a loan means using one or more loans to pay out one or more other loans. It doesn’t necessarily mean...
Tax Tip 534: Borrowing from Parents and Parking in Offset Account A good strategy to consider is for adult children to borrow money from their...
If the main residence is rented out the interest on the loan that relates to its purchase could deductible. That would seem to discourage people...
It may still be possible to claim interest and other expenses incurred in relation to an investment property where the property is vacant. The...
Homer has a $1mil home loan with a loan of $500,000 and $500,000 in the offset account. He wants to borrow to buy a $500,000 investment property...
Discretionary Trusts cannot claim interest on loans used to make capital or corpus distributions to their beneficiaries. Example Homer set up...
Tax Tip 517: How to Borrow to pay ‘cash’ expenses It is not possible for you to pay for something and then reimburse yourself with borrowed...
Often where a company or a trust is set up to hold an investment property the rent won’t be enough to meet all the costs incurred. Where this...
Tax Tip 513: Spousal Transfers where Interest Will not be deductible When spouses sell income producing assets to leave other the interest on...
Interest can be deductible where the loan is used to produce income. Where a taxpayer borrows to invest in dividend paying shares or an investment...
Generally, interest, and other expenses, may not be deductible if it relates to the purchase or holding of vacant residential land. This is due to...
It has generally been thought that interest incurred while constructing a residential investment property was no longer deductible since the...
I have been collecting private rulings, ATO IDs and any other ATO publication that covers the topic of deductibility of interest when one spouse...
Tax Tip 502: Borrowing to Buy Dividend Paying Shares, Reinvesting Dividends and Selling Some of those Shares Things can get messy where a...
What happens to the interest on a loan if a person has borrowed to buy property and later makes a declaration of trust saying they now hold that...
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