swidge

swidge replied to the topic Refinancing an investment loan in the forum Legal & Accounting 9 years, 8 months ago
Thanks Jamie. Appreciated. So does that mean if I refinanced 3 years after the purchase of IP1, the LMI deductions will kick in from Year 3 on my IP1 tax return and amortized over 5 years from that date?
swidge started the topic Refinancing an investment loan in the forum Legal & Accounting 9 years, 8 months ago
I buy an investment property(IP1) today and borrow 80% LVR to purchase it, 6-8 months later(or maybe even 1-2 years later – time really does not have any bearing here) I decide to refinance the loan to 90% LVR – (with the same bank) – but use the extra 10% as deposit for a subsequent investment property(IP2). Refinance in this case as it is for…[Read more]

@swidge