Hello Forum tax experts, Just wanted to ask, when borrowing to pay down an investment loan, is the interest on this loan tax deductable ? Say...
I have read some relevant threads and tax tips on converting PPOR to IP. But still I am posting my own situation to double check. I bought my...
I have an ANZ home loan account with redraw facility. I've paid off the loan to the last few dollars so that I can start using the funds...
Hi everyone I have a rental investment loan (say 100K) and offset account with 100K parked in there to save on loan interest. Recently I have...
Hi gang, I have a PPOR owner occupied loan of 200k with 200k cash funds available for redraw (effectively loan is paid off). My wife has 50k...
I have a tax question related to investment loan. I got really confused and yes, I will be talking to tax accountant, but just wanted to get some...
Scenario: Let's you buy an investment property for $500k against a loan of $540k including stamp duty and expenses. You then obtain another...
Hi, Just wanted to check whether this was the case, but our current PPOR is under both my name and my wife as joint tenants. We intend to...
Hopefully an easy one.. I know if you break a fixed rate early on a loan purposes for investment you can deduct that expense fir tax in the FY...
Hi, My wife and I are throwing a few ideas around and the following has come up. If we were to rent a place to live in can that rent be claimed...
Hi all. I have a few questions relating to the borrowing of funds, single/joint names on a title and the associated deductibility of interest...
Hi All, We purchased our current house(PPOR) in April this year with 90% LVR (no lmi) $500k PI loan and immediately applied for and got COVID-19...
Hi All, I am aware that a loan from a family member to buy an investment is tax deductible. My situation is slightly different. The Investment...
Hi all, Trying to get clarity around renovations / improvements and their tax depreciation potential, I seem to be getting conflicting...
Where a loan relates to the generation of assessable income the interest can be deductible and also so can the borrowing expenses such as loan...
Background: Bought an IP in 2017, leased for 2.5 years while preparing for development. Got DA and tenant vacated in Jan. 2020. Construction has...
Hi all, I'm looking at selling a property soon at a loss and there will be a leftover loan. What happens to the interest that i will continue to...
Hello Tax experts, Say if a person wants to build a home on an unencumbered block of land but is in the process of sourcing a loan for the build...
This is something I've had difficulty finding any information online on. Hopefully, there are others in this forum who may know more about the...
If you sell an IP that is funded through a fixed rate loan (and pay off loan in its entirety), the bank will ordinarily charge you a break cost....
Separate names with a comma.
