Forum Replies Created
Many thanks Terry, Is it easy to get tenants in these areas & about how much per week for a 200k IP?
Huey
[
]Hi Ken,
E-commerce is not a very time consuming course. You still have time to do more house renovations while studying. You are still young you can choose which way to go later.
I think if you’ve left school or worked fulltime for at least 2 years you can get Govt Study assistance to go back to study. You can check this with CentreLink.
I’m a conservative soul.
Huey
Thanks AD,
Say, using equity from my house I borrow 310K from Bank to buy a 300K IP + stamp duty. Repayment : $1800/month
I sell the IP to them for 310K, repayment = bank payment, currently at $1800/month .
For tax purposes I have to pay tax for the difference between their payment & bank interest
$1800 – Interest) * 12, building insurance & land tax of $700 because the house is still under my name. Can I claim tax on Stamp duties or any depreciations?I suppose they have to pay expenses such as council rates, water, house contain insurance and again stamp duty at the end of the loan term before the house is finally transfered to their names..
Can they get FHOG?
Cheers
Huey
It depends on personal circumstances. It would work well for me if I knew this option few years ago. I could make an IO advanced payment for my IP to reduce my taxable income for my last year at work. I could claim 48.5% on tax for the IO advanced payment & at the same time reduced my superanuation surcharge.
Huey
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$1800 – Interest) * 12, building insurance & land tax of $700 because the house is still under my name. Can I claim tax on Stamp duties or any depreciations?
