Total Members: 158,200

Jackie768

  • Jackie768 replied to the topic Negative Gearing – Tax Question in the forum Legal & Accounting 7 years, 1 month ago

    Hi Corey,

    I was told yesterday by someone (an accountant) that I can do this strategy ie negative gear if I have an Offset account for the 600K property (which I do). They said if I had a redraw facility I could not negative gear. I am quite sceptical of this given the feedback I have had so far.

    Does having the Offset account make a difference?

    Jackie

  • Jackie768 replied to the topic Negative Gearing – Tax Question in the forum Legal & Accounting 7 years, 1 month ago

    Thanks so much Corey on your invaluable advice – I really appreciate it.

    jackie

  • Jackie768 started the topic Negative Gearing – Tax Question in the forum Legal & Accounting 7 years, 1 month ago

    Hi Guys,

    I currently live in a prop worth 600K that I have paid off – I have not closed out the Loan.

    I am now wanting to buy a new prop to live in worth say 1 Million (as an example)

    I want to remortage the 600K property and borrow 400K for the new property and move into the new property.

    I then want to rent out the 600K property and have…[Read more]

  • Jackie768 became a registered member 7 years, 1 month ago

Jackie768

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