PropertyInvesting.com | tasman | Activity https://www.propertyinvesting.com/members/tasman/activity/ Activity feed for tasman. Mon, 13 Apr 2026 04:57:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 01062b1b521245f00a590bd7db810263 tasman replied to the topic Deductability of interest for capitalised expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383218-deductability-of-interest-for-capitalised-expenses/#post-4535504 Tue, 15 Nov 2005 14:19:13 +0000 Cata, I don’t beleive you are correct on the ATO passing regulation against capitalised interest deduction claims. If you are referring to the Harts versus ATO case, the judges did not rule specifically on capitalised interest as an invalid deduction. Indeed they commented under other circumstances that the interest claim would be valid, but in…[Read more]

]]> 69ab9e89ea370ac03a41f62b4d921ed8 tasman replied to the topic Bankwest Loans in the forum No Subject https://www.propertyinvesting.com/topic/4381016-bankwest-loans/page/3/#post-4521845 Thu, 08 Sep 2005 14:18:55 +0000 I have two investment loans with Homepath, and are very pleased with the low interest rates. The loans were refinances from other lender for the lower rates of Homepath, and the drawing of increased equity in properties for investment purposes. Organising the loans was straight forwards. After the initial internet application, express post of…[Read more]

]]> 1417c4bd08a4890d092fc204d411216b tasman replied to the topic Converting Non Deductible debt to Deductible debt in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379565-converting-non-deductible-debt-to-deductible-debt/#post-4511754 Fri, 08 Apr 2005 16:11:11 +0000 Originally posted by Terryw:

You have your poprerty loan PI, and IO on the investment loan. You also have a LOC set up against your home loan. When interest is due on the home loan, you can pay this from your LOC. When rates etc are due for the IP, pay these also from your LOC.

Terry, why would you pay home (PPOR) loan interest from another loan…[Read more]

]]> f535ad0d6945fc9152ec1506840d1afb tasman replied to the topic WIZARD ? in the forum Finance https://www.propertyinvesting.com/topic/4379165-wizard/#post-4509189 Tue, 22 Mar 2005 12:35:59 +0000 Stuart,
Referring to Wizard loans, restricting repayment periods to monthly does not mean the loan is more expensive than another variable loan paid fortnightly. You can simply increase your monthly repayments to whatever level your budget and planning allows to achieve your goals.

Cheers

Tasman

]]> 603734bc11484aa7149e6fd8839c5a30 tasman replied to the topic WIZARD ? in the forum Finance https://www.propertyinvesting.com/topic/4379165-wizard/#post-4509187 Mon, 21 Mar 2005 15:58:50 +0000 Originally posted by Stuart Wemyss:
5.87% is a very low rate. It’s 1.45% below the standard variable rate. There are some restrictions with these cheap loans so they’re not for everyone.

1. Only for purchase of owner occupier property (no refinance or investment).

2. Can only make monthly P&I repayments. This is a big downside because m…[Read more]

]]> b196585fdd979678db3b2bf9303c582f tasman replied to the topic Best IO product ? in the forum Finance https://www.propertyinvesting.com/topic/4378151-best-io-product/#post-4503182 Thu, 20 Jan 2005 14:01:28 +0000 Originally posted by kwilko:
Hi Nat

Some IO Loans. These are base variable rates not discounted or honeymoon.

NAB LOC under package 6.47%
IO Base Variable Rate 6.47%
NAB Variable under package 6.37%

Suncorp: Elite Ready Access: 6.37%

IMB- Budget Investment Loan : 6.45%

Bankwest- Lite investment loan : 6.45%

ANZ: Breakfree package: Variable…[Read more]

]]> c93bf21dcd47a7b0c144d1d1f0825b5e tasman replied to the topic damn statistics in the forum General Property https://www.propertyinvesting.com/topic/4377649-damn-statistics/#post-4499838 Thu, 30 Dec 2004 08:36:00 +0000 Hi Obiwan,
I tend to agree with Ausprop. The Australian property market although in a post boom period, is in a fairly sound positon.

The Australian economy is strong, with China GDP growth and demand for Australian mining output set to continue for a number of years.

Property yields are low, but they will improve whilst capital gains remain…[Read more]

]]> 84d2890fb24f8734bb6fe79dd9c98fb6 tasman replied to the topic Depreciation in the forum General Property https://www.propertyinvesting.com/topic/4377600-depreciation-8/#post-4499439 Thu, 30 Dec 2004 07:45:33 +0000 Hi all,
The auto linking of defined words for site advertising within subscribers/contributors posts is unauthorised by contributors, and could be confused with subscriber links, and also construed as the subscribers advertising or advertising specifically endorsed by subscriber.

]]> db4d3ef21487ca6b9177f8a47477633c tasman replied to the topic Structuring Finance in the forum Finance https://www.propertyinvesting.com/topic/4374086-structuring-finance/#post-4476431 Sat, 29 May 2004 12:02:34 +0000 Originally posted by brahms:

Hi Ket
your post..

Currently the IP in WA is negatively geared but would be interested in converting, if possible, to neutral or positive!

me too..please continue

cheers

brahms

If you don’t ask, the answer is no!!

brahms

Your favorite saying should more correctly read, “if you ask the answer is no!”

Tasman

]]> 5fbdc9411abaf58a6f84e9ec7e9479f7 tasman replied to the topic When does ATO accept depreciation starts? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373917-when-does-ato-accept-depreciation-starts/#post-4475130 Sat, 22 May 2004 15:34:12 +0000 PS Obviously in a land and house package, depreciation expense is not applicable until the house is complete, other expenses such as interest, and council rates are applicable.

Tasman

]]> df4a5946d9a41b49920bcab9728515ad tasman replied to the topic When does ATO accept depreciation starts? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373917-when-does-ato-accept-depreciation-starts/#post-4475129 Sat, 22 May 2004 15:24:31 +0000 Opps I will get it right this time. Normally you can only claim expenses from the date a property is available for rental, and arguably this occurs on settlement date. Land and house package is a special case, but I am not so sure about renovations, repairs etc.

Tasman

]]> a1c894ffc288478aa5946662db86c56a tasman replied to the topic When does ATO accept depreciation starts? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373917-when-does-ato-accept-depreciation-starts/#post-4475128 Sat, 22 May 2004 15:17:11 +0000 Misty1
Clarification needed. When you obtain a property,if your intent is to rent that property, then you can claim costs from the date of settlement even if it is not ready for rental, eg; with house and land package you can claim expenses from land settlement date while the house is being built. You must follow through with renting when the…[Read more]

]]> 95de0647c18ae6b3fab1b21b7db8a19a tasman replied to the topic When does ATO accept depreciation starts? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373917-when-does-ato-accept-depreciation-starts/#post-4475127 Sat, 22 May 2004 14:59:25 +0000 Misty1
I believe the settlement date is when depreciation can commence for the new owner. The exchange of contracts/sale date represents the start of a handover of property process, and it is settlement date when the process is complete. The new owner is then in possession and able to rent the property.

cheers

Tasman

]]> 7e511f40a17d386ebac7bcbe10d620b0 tasman replied to the topic Advice on tax variations?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373888-advice-on-tax-variations/#post-4474954 Sat, 22 May 2004 14:18:44 +0000 Misty
The withholding tax variation form can be accessed online by the following link:
“www.ato.gov.au/individuals/keywordlist.asp?k=Variation”.

The ATO provide an online form that you can fill in, save and edit at your leisure and submit when ready online to the tax office. The ATO then process the form and notify you employer pay staff in about…[Read more]

]]> 56aeacc6da290ac1a14c021e4c6e2216 tasman replied to the topic Using redraw to fund IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4373740-using-redraw-to-fund-ip/#post-4473987 Mon, 17 May 2004 15:00:39 +0000 Rob,
If the ATO deem that you renting on a non-commercial basis (renting to relatives at a low rental would be a prime example) then yes you can only claim expenses up to rental income. Makes sense really, you can hardly expect to give free rental accommodation, and then expect to claim an IP business rental loss, as you are not operating on a…[Read more]

]]> d51c6e26b12da54ab2c546bcbd6cd4e6 tasman replied to the topic Using redraw to fund IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4373740-using-redraw-to-fund-ip/#post-4473984 Mon, 17 May 2004 12:37:02 +0000 Originally posted by The Mortgage Adviser:

I would be talking to my accountant to see how much you are owed for the time since you have not lived in your wife’s property. It doesn’t matter how much rent you get or don’t get in an investment property as long as you can show, if audited, that you tried to rent it out. You would at least be able to…[Read more]

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