For anyone contemplating a repayment holiday on their loan, you must realise that the lenders will still be charging interest, and this will be...
One common misconception that I see goes something like this: Borrow from a LOC to buy say $100,000 worth of shares that produce income. Claim...
Hi All, My current situation: Me: 31M, $128k + super Defacto Partner (not a Permanent Resident of Aus) : 31F, $55k +super Living in a 2 BR PPOR...
I have stumbled across a new situation concerning deductibility of interest. Son borrowed money from mum and dad who basically let the son use...
Hi all, I was working through a test scenario of buying a $2.1 property as a PPOR, and renting out 1/3 (one floor) for a long term let, plus...
3 co-owners (likely to be tenants in common) with A 50% B 25% and C 25% of $1m property. Owner A will live in the property and have home loan for...
Back to basis – I don’t think I have written a tax tip on refinancing. Refinancing one loan with another loan does not change the deductibility...
In the past we would have said that is not possible to borrow to make a super contribution and to claim the interest. But the laws have recently...
Some investors end up selling a property or shares at a loss. They may have borrowed to acquire the property or shares but the sale proceeds may...
There are 2 major issues when taxpayers want to claim the interest on a loan relating to a former main residence: a) Redrawn amounts b)...
Changing your mind on off the plan/Construction and deductibility of interest Sometimes a change in intention can result in a different tax...
Hi We are looking to refinance our PPOR and my husband's IP with an online bank for a cheaper rate (3.59% and 4.44% versus what we are currently...
Query - Is the interest deductible on a loan to buy-out your sposes' share in a property? Situation: 1 - My spose and I jointly own our PPOR...
I just got advice from an accountant that I am unable to have my tax deductibility if I split my PPOR homeloan in order to use the split as a...
I take out loan A to purchase income producing assets. The interest on loan A is tax deductible. I take out loan B to pay off loan A. Is the...
Tax Tip 161: The new Duty on Spousal Transfers in VIC Previously, Victoria had the most generous stamp duty concessions for the transfer of real...
2 Strategies to avoid contaminating loans with loan increases In this thread I am assuming that interest can be deductible where money is...
Strategy: Borrow Against the Main Residence for an Investment Loan I have referred to this strategy already in a few posts as 'shuffling loans...
Hi all, I have a question re: the timing of claiming interest. Example, I live in house 1, with a 400k home loan, and 400k sitting in the offset...
My accountant is on leave atm so calling on the collective PC knowledge for some simple clarification. We have some managed funds in my wife's...
Separate names with a comma.
