PropertyInvesting.com | Bigfella966 | Activity

Bigfella966 replied to the topic Tax deduction on IP deposit loan ?? in the forum Legal & Accounting

Sat, 23 Apr 2005 13:59:47 +0000

Thank you again Derek, I’ll keep that in mind come Tax time, BTW, don’t know any good Accountants in the Bunbury area do you? *sic*

Folks are dumb where I come frommm… YUK, YUK !

Bigfella966 replied to the topic Tax deduction on IP deposit loan ?? in the forum Legal & Accounting

Sat, 23 Apr 2005 04:37:29 +0000

Derek,
Thankyou for your reply, thats cleared things up for me, I’ll keep the loan separate from our others for ease of tax purposes.
I gather I won’t be able to claim the Interest paid on the deposit until the Apartments are built & settled in approx 18 months to 2 years? (therefore a proven IP Tax loss) or can I claim it as a loss starting this…[Read more]

Bigfella966 replied to the topic Tax deduction on IP deposit loan ?? in the forum Legal & Accounting

Sat, 23 Apr 2005 01:05:27 +0000

Thankyou all for your rapid responses, another one now [biggrin], it was mentioned to me (by a fellow novice in IP’s) about converting the vacant land loan to a line of credit & adding the additional funds required to it?, would there be any merit in this?
again thanx
BF

Bigfella966 replied to the topic Mandurah in the forum Help Needed!

Mon, 24 Jan 2005 15:38:34 +0000

Hello People,

I know it’s a bit further south than Mandurah, but what are your thoughts on Bunbury and it’s potential?

Bigfella