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commprop101 replied to the topic CGT if redraw on home loan for investment prop? in the forum The Treasure Chest

Mon, 15 Sep 2003 11:43:35 +0000

Thanks Simon for the reassurance. My acct has also backed it up so I’m going ahead. Saves me about 2.45% on my current deal (9% down to 6.55). That’s got to be good.

Stuart

commprop101 replied to the topic CGT if redraw on home loan for investment prop? in the forum The Treasure Chest

Sun, 14 Sep 2003 23:42:12 +0000

I’d say it would be a great idea to have a seperate account for the 10% deposit component. Most loans allow these facilites now. Reading the ruling makes me think you can do it without a split facility but it would be a bit messy.

As to CGT. Can anyone verify that even if the loan facility is on the POPR using a sub-account for investment…[Read more]

commprop101 replied to the topic CGT if redraw on home loan for investment prop? in the forum No Subject

Fri, 12 Sep 2003 14:42:51 +0000

Answering my own question, the ATO site has a tax ruling that seems to lay this out exactly as I had hoped (see below). This means to me that I can use one of the accounts on the home loan to take the amount off my current CP loan provider and deduct the int. payments from my rental income. This should not have any bearing on my PPORs exemption to…[Read more]

commprop101 replied to the topic Future Property Bust in the forum The Treasure Chest

Fri, 12 Sep 2003 14:25:55 +0000

+ve cash flows depend on a lot of things.

Interest rates
Tenants
Repairs

If rates go up to 10% as I heard predicate today. Will you still be +ve?

I think the key is to lock in the rate when you know it’s a good time. BTW – its a good time!