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...
Interest may need to be apportioned during the first month when moving into an investment property or moving out of a main residence which will...
Can someone sell existing shares that they own and then debt recycle to buy them back and claim the interest? Example Homer holds $100,000...
Most people would assume that there is no point in debt recycling an investment loan where the interest is already deductible. But it could be a...
To be able to claim the interest on a loan the taxpayer needs to a) Incur the interest, and b) Receive income (or expect to) connected to...
Hello guys, I have a question regarding the below scenario from a tax POV: My parents have some equity in their PPOR and is planning to cash out...
It is common for both spouses to be on a loan but one of them only be the owner of the investment that was purchased with the borrowed money. In...
There is a tax disaster waiting to happen for clients of Nano Home Loans. Nano has be acquired by AMP and all NANO loans will soon become AMP...
If a new trust or company is established, it will have just $10 or so of capital. It will need more money if it wants to invest. To get this money...
Shares can be negative geared just like property. This can even be the case where you borrow against property to buy the shares – for tax the...
It is possible to move borrowed money around without losing deductibility of interest. A taxpayer might want to redraw from a loan with a low rate...
This is a different strategy to a recent one which involved borrowing money from parents and parking in an offset account to save non-deductible...
People often borrow money to acquire property or shares. When borrowing to buy property they may borrow the deposit from a related entity and the...
In my loan tips I explained how it can be possible to temporarily borrow from a related company (see Loan Tip: Using a Related Company as a Short...
Are there any tax issues drawing down a loan in stages? Drawing down in stages will create a mixed loan, even where the same asset is purchased,...
Continuing on from Tax Tip 429: Offset Accounts and Onlending Loan Agreements Tax Tip 429: Offset Accounts and Onlending Loan Agreements The...
Offset accounts are savings accounts that are linked to a loan so that any interest on the loan as calculated by the outstanding debt is...
This post is related to Tax Tip 423: Borrow and Park in Offset and Fees Before Using the Money Tax Tip 423: Borrow and Park in Offset and Fees...
Are there any tax issues if an investment loan is paid by someone other than the borrower? Example Bart borrows to buy and investment property...
Back in 2015 I wrote a post entitled “Tax Tip 14: Never ‘Park’ money in a loan” and you can read it at Tax Tip 14: Never ‘Park’ money in a loan...
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