Terryw's Structuring Strategies

Hi Terry,
If you were to travel for the sole purpose of performing repairs on the property then travel can be claimed?

 

WoW, can't wait for 5 years to read them all. Any chance they can be bundled into one PDF or Word document?

 

Yes, i have them all saved in a word doc. Over the Christmas break I will edit them and put them into a PDF book.

 

Yes, i have them all saved in a word doc. Over the Christmas break I will edit them and put them into a PDF book.

 

Extracting additional equity from PPOR loan when the bank only allows one split which has already been used for investment purposes.
Ie: Whether there is a way to re- adjust your split amounts without mixing loans.

 

A simple strategy for this is to just change banks!

Is this thread similar to what you are wanting to know?
One equity split, two properties?

 

Step 1. 100k PPOR Mortgage
Step 2. 75k PPOR Mortgage / 25k Investment split (via split, paydown, redraw method).
Step 3. -> Wanting to get to 50k PPOR Mortgage / 50k Investment split

I can't get my head around how to achieve step 3 without being able to make a third sub account or mixing up loans.

I think changing banks might be the only option.

 

Hi Grinners

There is no way to do this without either
a) paying down the loan
b) spliting the loan and then paying it down

The trouble with paying into a loan the second time is it reduces the non-deductible and deductible debt.

 

5 Strategies for those who Bought but cannot get finance to Settle 5 Strategies for those who Bought but cannot get finance to Settle

 

Tax Tip 168: CGT Strategy for living in an area with no expected capital growth Tax Tip 168: CGT Strategy for living in an area with no expected capital growth

Tax Tip 10: Offset in the name of the lower income earner Tax Tip 10: Offset in the name of the lower income earner

Strategy: 50% Spousal Transfer Strategy to Increase Deductions Strategy: 50% Spousal Transfer Strategy to Increase Deductions

 

Tax Tip 173: Strategy – Don’t rely of a lender’s valuation for CGT Purposes Tax Tip 173: Strategy – Don’t rely of a lender’s valuation for CGT Purposes

Strategy: Buy the Main Residence in One Name only Strategy: Buy the Main Residence in One Name only

 

Tax Tip 18: Strategy to Increase deductions on Divorce https://propertychat.com.au/community/threads/tax-tip-18-strategy-to-increase-deductions-on-divorce.2874/

 

Older post but answer = No. Travel for any purpose is non deductible for resi property unless the taxpayer is excluded eg a company. Not a closely held trust.

 

Here is another strategy:
Tax Tip 10: Offset in the name of the lower income earner

Tax Tip 10: Offset in the name of the lower income earner

 

Loan Tip: Borrowing more When Buying Main Residence Loan Tip: Borrowing more When Buying Main Residence
(how to get around the cash out restrictions and get a lower interest rate on investment loans)

 

Example of How poor Ownership Structuring Can be Painful. An Example of How poor Ownership Structuring Can be Painful.

 

Tax Tip 188: Use Capital Losses Quickly – Recycle debt + death Tax Tip 188: Use Capital Losses Quickly – Recycle debt + death

Does anyone want more strategies posted? Please like my post if you do.

 

The 2 broad methods of Debt Recycling The 2 broad methods of Debt Recycling

 

Strategy: Take a Wage Haircut and Move to a cheaper area Strategy: Take a Wage Haircut and Move to a cheaper area

 

Tax Tip 190: CGT Strategy Wait 5.5 Years Before Selling the Old Main Residence https://www.propertychat.com.au/community/threads/tax-tip-190-cgt-strategy-wait-5-5-years-before-selling-the-old-main-residence.36905/