Hi brainstrust, When selling property when tenanted it would be assumed that can be treated as deductible as usual. However when property is...
Hello guys, I'm looking to refinance my PPOR loan and bring the LVR up to 80% (Property value is $670K with $370K of debt outstanding), which...
I had two splits, split1 and split2, both for investment purposes, I requested a top-up, and the bank added split3, the top-up value, $76K,...
Suppose Jack has a PPOR loan of $500k at principal and interest rate 3% Also has an investment loan of $300k at interest only rate of 3.5% Jack...
After the novice mistake of thinking that deductibility is linked to secured property instead of loan purpose, is there any way to salvage the...
If I wanted to rent out my house, but the agent recommends certain things being done before renting it (cleaning, pest control, smoke alarm...
Here's the scenario Have equity in an IP Create offset account using the equity Use the equity to buy dividend paying shares. The interest is tax...
I have several loans that I am ahead in the repayments, to the tune of about $90k. I'd done this to ensure we have no problems meeting payments...
Interesting question on another forum I am on. When filling in Centrelink forms for aged care fees, they can be quite complex and...
I'm trying to work out if legal expenses incurred by an employee for employment contract review are likely to be deductible in this situation: -...
Follow on question on structuring IP loans for deductibility. I have a PPOR loan with Bank A and $500k outstanding - value $1 mill- , with...
Situation: Two properties: Inve St (investment, $60K of LOC debt) and Owen Rd (owner-occ, $100K of LOC debt, ready to reduce to $80K). Three LOC...
I really feel these are situations that come up all the time, but I haven't been able to google my way through to a clear answer. Perhaps I'm just...
Hi I had an arm wrestle with my accountant last year over whether costs for establishing trusts for (in part) placing a caveat on titles of my...
Just wanted to a quick question re preserving deductibility (as opposed to increasing it). I've read through many threads and googled but can't...
Hi there, I've just joined PC, but long time lurker and was also on Somersoft way back when. I have a structuring question that I've been tying...
Deductibility for Costs of Setting Up a Trust The costs of setting up a trust are generally not deductible. However the costs may be...
So if a trust owns a company, can the trust lend to the company at a rate that's lower than it's cost of funds? E.g. trust borrows at 5%, lends to...
Question - if I have a loan under my personal name, and use those funds to invest, but from inside a family discretionary trust, is the interest...
Hi, I've recently renovated the kitchen in my IP while between tenants, I previously asked a related question here The renovation was delayed as...
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