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....
I got asked this question earlier tonight and I wasn't to sure of the answer. The situation is as follows: - a loan split was setup against a...
I want to provide some money for the care and welfare of a person living overseas (UK). The person is not related to me, but was in a long term...
Say for example an education company that provides private tutoring services for high-school students is also an organisation endorsed as a...
Scenario: I have a discretionary family trust as my chosen investment vehicle. I lend the trust say $1mill to invest across different assets. In...
We have a PPOR with an 80% loan and funds sitting in an offset account to decrease interest payable. Our aim is to move out of this home in 5...
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