PropertyInvesting.com | Phil_Melb | Activity https://www.propertyinvesting.com/members/phil_melb/activity/ Activity feed for Phil_Melb. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 18c536e2bc8819b1943625cd29ef7d55 Phil_Melb replied to the topic Living off your equity in the forum General Property https://www.propertyinvesting.com/topic/4397865-living-off-your-equity/#post-4611674 Fri, 20 Nov 2009 05:13:17 +0000 jacpru wrote:
it doesnt make sense to me borrowing to cover debt

It makes sense when it means you can keep an asset(s) that will grow in the medium/long term at a much higher rate than the cost to maintain. Also means you never have to pay CGT! The risk is starting it too early at a point where you need property to be going up by 10% every year…[Read more]

]]> 96deefafcac345580e42465eba2125fa Phil_Melb replied to the topic Do I have to Pay TAX on Equity withdawen from One IP to pay off Another IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397782-do-i-have-to-pay-tax-on-equity-withdawen-from-one-ip-to-pay-off-another-ip/#post-4611351 Thu, 12 Nov 2009 02:16:41 +0000 Hi Microchip, Your stratergy for the $30K will cause you disadvantage. Reason  – Whilst they are both IP's your interest deductions will basically be the same. You're just shifting $30K from one loan to another, one goes up $30K one goes down $30K. Except you are going to pay refinance costs (your disadvantage). When you move into IP 1 it cea…[Read more]

]]> 73998719931b2d2756f356055648bede Phil_Melb replied to the topic PPOR to IP and back to PPOR in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397755-ppor-to-ip-and-back-to-ppor/#post-4611275 Wed, 11 Nov 2009 03:51:50 +0000 Hi Hoopers, Can I still claim the IP as my PPOR for the last 6 years and only pay CGT on the remaining 4 years that the property was an IP while I was living in a property with my brother that i owned 50/50?No. You would have needed to move back in for a period of 3-6 months once your brother bought you out to re-establish the property as your…[Read more]

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