Forum Replies Created

Viewing 5 posts - 41 through 45 (of 45 total)
1 2 3
  • Profile photo of fishngymfishngym
    Member
    @fishngym
    Join Date: 2008
    Post Count: 49
    November 3, 2008 - 12:28 am

    Thanks for the reply guys.

    Eddie, would it make any difference that the misses' loan (I'm currently guarantor) is now being changed to both our names on the mortgage via refinancing? Followed by the addition of my name on the title?

    It sounds like perhaps I've complicated things beyond my level of knowledge.
    Are there any sections of the ITA Act that are aplicable to my circumstances? If so, I'll have a read.

    G'day V8ghia, it is all a matter of definitions. We were eligible for the FHOG due to the length of duration and classification of our relationship. The FHOG Act has a specific definition of spousal relationships. We then had to occupy the residence to be eligible for FHOG. I think that taxes are paid by the dumb and the poor, hence I am on here trying to climb out of those categories.

    Cheers

    Profile photo of fishngymfishngym
    Member
    @fishngym
    Join Date: 2008
    Post Count: 49
    October 27, 2008 - 12:04 am

    Thanks for the reply mate.

    We already had a PPOR and met the requirements of the owner occupied FHOG.
    This FHOG house is now being rented.

    This property is heavily negatively geared and the misses' income does not allow us to maximise the tax benefits. The house is a long term hold and we want to take adavantage of yearly tax benefits.

    My limited knowledge indicates that I will not have the yearly tax benefits unless I am added to the title. Is this correct? Does anyone, without a trust, claim expenses when the property is only in their partner's name? I will now be on the loan, and have always contributed to the repayments.

    Cheers

    Profile photo of fishngymfishngym
    Member
    @fishngym
    Join Date: 2008
    Post Count: 49
    October 14, 2008 - 9:11 am

    G'day guys,

    Me and the misses bought a property out at Blackwater a couple of weeks ago after reading the info in this post. Moranbah and Dysart were out of our price range and Blackwater offered the best return for the amount of funds we had to play with.

    Thanks for the info guys. We've taken a gamble, but as the saying goes. 'You miss 100% of the shots you never take'

    I'd be interested in chatting to anyone else investing out at Blackwater.

    Cheers
    Marc

    Profile photo of fishngymfishngym
    Member
    @fishngym
    Join Date: 2008
    Post Count: 49
    October 14, 2008 - 8:58 am

    The longest it has taken me to get a response was 5-6 weeks on the initial bid. It was unbelievable. We hoped to have had it finalised on the first day.  Well worth the wait though. Sometimes you have to be patient. Best of luck with the purchase.

    Profile photo of fishngymfishngym
    Member
    @fishngym
    Join Date: 2008
    Post Count: 49
    September 14, 2008 - 11:25 am

    G'day mate,

    Can you please let me know what/where/how much for the properties. My contact email is [email protected]

    Cheers
    Marc

Viewing 5 posts - 41 through 45 (of 45 total)
1 2 3