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	Otherwise deductible rule denise1 [2 Posts] Submitted by denise1 on September 6, 2008 - 10:12am. Joined: 03/09/2008 Hi, We have a property in NSW that is held 80% mine 20% husband. We have been salary sacrificing the mortgage payments and utilising the otherwise deductible rule. With the announcement from the government in the last budget that this rule will stop in March 09, we were wondering if anybody else has done this and what they will be doing next. The question is has anyone heard what will be the cost of changing ownership back to 100% to the higher wage earner now that this rule is out. We would appreciate any thoughts login or register to post comments crj [285 Posts] September 7, 2008 - 4:06pm Joined: 30/01/2004 Stamp duty, legal fees, capital gains tax. Can you prepay any interest before March 09? Hybrid2007 [48 Posts] September 7, 2008 - 4:10pm Joined: 16/05/2007 Denise, sorry i cant help but Im interested to know what the otherwise deductible rule is or what its for? Terryw [6654 Posts] September 14, 2008 - 12:24am Joined: 01/01/2002 There was a rule which allowed the interest and expenses a jointly owned property to be claimed by the highest income earner by using salary sacrifice. The loophole has been closed now. Terryw Discover Home Loans Terry@discoverhomeloans.com.au Learn to Make Money Online & Get Free Guide! Previous Topic Increasing investment loan to maximise negative gearing benefits Next Topic Is there such a product.....?	User login Username: * Password: * Register Forgotten your password? In The News RBA Rate Drops Rate The RBA has just announced a 100 basis point drop to its benchmark cash target rate. Developers Expectant The Federal Government's $1.5 billion first-home package has stimulated the development market. RBA Rate Cut RBA delivers investors an early xmas present by cutting its benchmark by 75 basis points to 5.25% more news Today's Tip You should never pay more than 30 cents in the dollar in income tax <more> Active forum topics Breaking a fixed interest contract Author: marie07 [0 replies] Where is the bottom Author: wealth4life.com [16 replies] more topics Who's Online Take The Test

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