I've had an idea, I'm sure it's not a new idea, but can't find info to confirm if it's legal or not. I have a child, who is currently 5 years...
Hi all, I have a joint investment loan with my business partner and he will be putting in 100k in cash to reduce loan and wants me to do the same...
Afternoon all. I've been researching this topic for ages and getting even more confused. I had a PPOR which I paid off nearly entirely (into the...
Hi, I bought a property in 20th March 2020 as a PPOR. At the time of purchase, I had to take LMI for the loan with Bank A. I have moved out from...
Hi All, I bought land in Sep'21 and construction started in Feb'22. Could you please let me know if interest paid on land + construction would be...
Hi, I'm wondering if I capitalise LMI on my owner occupier property and then turn it into an investment loan in 12 months, would the subsequent...
I've got a guy painting the inside of an apartment (ceiling, walls and woodwork). What should I get him to write on the invoice so I can claim...
Could someone please inform me of the legitimacy of this strategy for someone with a taxable income of 130k (made up of income, dividends and...
I was speaking to a friend about this over the weekend and he mentioned something that made me want to learn more. I own a business that I have...
I'm wanting to move out in a few months and i've got an investment property. I'm wondering if i should live in investment property & also pay off...
Hi, I am a 51yo full time employed employee and have the std super contribution of 9.25% (I think) paid into my nominated super account. My...
Generally, it is better to claim an expense against the income it relates to in the year it is incurred compared to claiming it against the CGT...
Fee-HELP and Deductibility of Course Fees If you are studying a course relating to your current employment and you defer payment of the fees by...
I work for a startup (with home as a primary office on my offer letter with a lot of interstate travel). Outside of my base and bonus salary, I...
Hi there Just wondering if loan fees and associated costs are tax deductible, loan for construction of IPs. Ie: Commercial Loan for...
I self manage a block of units, as well as doing the majority of the maintenance tasks. I have read the ATO's Rental Properties Guide and am able...
We are temporarily renting out our home while we go overseas. Can we claim the cost to store some of our furniture whilst the home is rented...
Hi Guys If my wife and I have an investment house under both our names how does it work when claiming the tax deductions? I was hoping for my...
Hi all, Wondering what people's thoughts are on the following scenario. I have a PPOR at 1mil with a home loan of 700k. I also have a spare...
Because recent smoke alarm testing at my QLD IP's has indicated that they are not compliant (based on the new legislation), I'm getting them...
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