sonyasal replied to the topic recession + property = ??? in the forum General Property 17 years, 10 months ago
it was interesting to read that you think people are more educated today, but what sort of education ahve they got? education to get a job or financial education to allow them to be financially self supporting , not reliant solely on a job or a pension (which won't exist when i am of an age to retire) we need to be sure that we are educated…[Read more]
sonyasal replied to the topic Commercial IP — sell or hold? in the forum hi another factor that you 17 years, 10 months ago
hi another factor that you haven't mentioned is what will you lose if you sell? i e what will be your exit costs such as CGT, agents commissions, solicitors fees etc. factoring in these costs is it better to hold rather than sell?
sonyasal replied to the topic Loan Deductibility for full drawdown in the forum Legal & Accounting 17 years, 10 months ago
from my understanding as long as you have a seperate account for each investment property that produces statements showing monthly interest payments then these can be claimed back from the tax office. therefore use your access account to pay deposits on new IP then have seperate loan accounts for each new property. as you draw down each deposit…[Read more]



