PropertyInvesting.com | silverx | Activity https://www.propertyinvesting.com/members/silverx/activity/ Activity feed for silverx. Sun, 12 Apr 2026 08:59:11 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 17945a11af3c07bda1d08966f337db7d silverx replied to the topic tax deduction help in the forum Terry: mmm if only I can https://www.propertyinvesting.com/topic/4403406-tax-deduction-help/#post-4646256 Wed, 20 Apr 2011 10:47:33 +0000 Terry: mmm if only I can employ her to take care of our daughter :) it’s more than a full time job

On serious side, I might look at setting up a company and employ her

]]> ab066ba3f60503730f2cf4f9d1e79245 silverx replied to the topic tax deduction help in the forum Help Needed! https://www.propertyinvesting.com/topic/4403406-tax-deduction-help/#post-4646255 Wed, 20 Apr 2011 10:42:28 +0000 Terry: interesting suggestion regarding the trust, can you tell me more about it? will I be able to set it up and channel my income there?
Richard: I’m in queensland and apparently I would be exempted if it’s from single ownership to joint ownership but not the other way around. I’m happy if I’m wrong though

]]> 1ba54e65729540c8bf2c525e6302e1c0 silverx replied to the topic buying PPOR with tenant in place in the forum General Property https://www.propertyinvesting.com/topic/4399284-buying-ppor-with-tenant-in-place/#post-4620454 Wed, 31 Mar 2010 22:53:10 +0000 Wow… That really put things into perspective. The only way really is to come up with the cash deposit if I want to purchased new ppor because by using current ppor equity I wouldn’t be able to claim deduction even if it’s turned into an ip.

I’m even on the worse shape that I thought I was, coz now I would have to save that deposit somewhere…[Read more]

]]> 87a13590522f2057d362c3f7a99f0d63 silverx replied to the topic buying PPOR with tenant in place in the forum Thank you Richard for your https://www.propertyinvesting.com/topic/4399284-buying-ppor-with-tenant-in-place/#post-4620452 Wed, 31 Mar 2010 10:05:49 +0000 Thank you Richard for your input
it does sound abit messy doesn’t it.

One more question though

“Unfortunately even though your current property is used as security for the new PPOR the interest is not deductible once you move into the property.”

why can’t I claim the interest since current property is going to rented out?

]]> 5be37c56284ba8d0ecd3dd4ea3a0d6f0 silverx replied to the topic buying PPOR with tenant in place in the forum General Property https://www.propertyinvesting.com/topic/4399284-buying-ppor-with-tenant-in-place/#post-4620450 Wed, 31 Mar 2010 07:51:06 +0000 Bump

]]> 586734b8d4af92e69edf15dd2246af78 silverx replied to the topic buying PPOR with tenant in place in the forum General Property https://www.propertyinvesting.com/topic/4399284-buying-ppor-with-tenant-in-place/#post-4620449 Fri, 26 Mar 2010 11:58:38 +0000 Thank you sonya,i have got around 290k loan on current ppor, i would keep it as an ip. I am looking to refinance therefore there would be associated cost involved, therefore i am not sure which costs are actually tax deductible and which ones aren't.If i receive the rental from now till august does it mean my house is an IP on the settlement day?…[Read more]

]]> fb71aaa80ea350d4dc04725d93a2ac0a silverx replied to the topic CGT exemption eligability criteria in the forum Finance https://www.propertyinvesting.com/topic/4397998-cgt-exemption-eligability-criteria/#post-4612483 Thu, 18 Mar 2010 22:18:56 +0000 7 years as maximum? So let’s say I live in a property for 10 years, rent it out for 5 years, the cgt exemption only applies to 7 years? Making 8 years are taxable instead of 5 years?

]]> 82e87b72dadec3003b06f6ccea62c668 silverx replied to the topic Capital Gains Tax questions in the forum General Property https://www.propertyinvesting.com/topic/4398192-capital-gains-tax-questions/#post-4613600 Fri, 12 Mar 2010 07:50:28 +0000 I don’t really get it guys sorry :) yeah I’m dumb

so if you bought a property, rent it out for less than 6 years and you don’t have to pay cgt?

As long as u don’t claim any cgt exemption during that period of course

am I right here?

]]> d9d6a01c5bc2133184eaea4b684d0255 silverx replied to the topic Another PPOR to IP topic in the forum Finance https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618402 Fri, 05 Mar 2010 00:10:27 +0000 You are right, I didn’t understand it before

guess I just have to swallow it this time or start fresh by selling this property to avoid all sort of issues in the future

cheers

]]> e9cbae3df1de9babc8b12ec360274942 silverx replied to the topic Another PPOR to IP topic in the forum Finance https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618400 Thu, 04 Mar 2010 21:57:58 +0000 Yes I will refinance to a total of 750k and split it to 500k and 250k structure. What I am trying to get is to utilise my redraws without changing the loan amount or redrawing the money

sorry if I sound confusing, I am confused myself :)

it’s just abit unfair we can’t redraw our extra repayment for private use without tax issue down the road :(

]]> 8fa9f03d1b3fd0d7ae632cc1427bb533 silverx replied to the topic Another PPOR to IP topic in the forum Thanks Terry that's perfect https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618397 Thu, 04 Mar 2010 06:12:45 +0000 Thanks Terry that’s perfect answer
cheers

]]> cd7403577794f3e974b0a06b4713ef37 silverx replied to the topic Another PPOR to IP topic in the forum I see what you mean Terry, https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618395 Thu, 04 Mar 2010 05:12:28 +0000 I see what you mean Terry, but how would they know considering when I turn this ppor to an ip I would refinance the loan anyway. Therefore the only thing that’s apparent was my starting new loan, which will be the total loan value minus the money I have withdrawn.

The redraw is for new ppor deposit by the way.

Regards

]]> b519726525c2e7099499942d44fee779 silverx replied to the topic Another PPOR to IP topic in the forum Finance https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618393 Thu, 04 Mar 2010 04:30:15 +0000 But at this point my current mortgage is not tax deductible because it’s a ppor, so if I redraw now as opposed to when it’s turned into investment property, isn’t it fair to assume that should be ok?

]]> e3ccdee2e11667c866a585f9f24cadd9 silverx replied to the topic Another PPOR to IP topic in the forum Finance https://www.propertyinvesting.com/topic/4398983-another-ppor-to-ip-topic/#post-4618391 Wed, 03 Mar 2010 13:43:34 +0000 what if i redraw now, months before i purchase another property to become my ppor, that would be good idea as well yeah?

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