dontcross your securities as it gives no advantage to you but benefits the bank heaps.hy are you wanting to put wife down anyway. is your income not enough to service? you should avoid this where possible.should be no tax issues with adding her on the loan though

ac i was referring to the draw backs of mixing your loan. but in your case the original loan is virtually paid off so it shouldn,t be a issue

yes the interest would be deductible but don't use redraw as every subsequent repayment would also be reducing the investment portion as well. you should set up a separate split. if u dont you wont be maximising deductions.

can,t see any issues wit that

thanks for looking into this admin.for example, in the above post i pushed reply quotes then i typed the letter t. the blinking cursor immediately jumped up to where i typed xx. in this case it didnt jump up to a corrseponding same letter but just to the front of the quote.

[xxquote=Administrator]Hi Terry, We'll definitely look into the issue. When you press a key (when typing a reply), do you mean that the blinking insertion point cursor moves and positions itself next to a same letter that is already in the reply text? What happens if the letter doesn't already exist? Just trying to clarify the problem [/quote]t

no time frame. just keep paying the interest each month. then when your ppor loan is gone then u can start paying off the investment debt

dont put her on the loan if you can avoid it. you are doubling the risk and hurting borrowing capacity for the future.

is this the contract to purchase land or to build?

first thingis to seek legal advice on if it is possible to terminate the contract or rescind. unlikely but it cold be possible. extremely unlikely that the would be finance clauses or other conditions which have not been met.econdly talk to a broker and see what you can do.then consider what will happenif yfou cannot settle. you will lose your…[Read more]

probably difficult and costly to borrow that high and the extra will not bedeductible

i am now in thailand with onlymy tablet and am still having dramas posting on this site- but not otherss

rhi pgt is good to have different views on things. still recomend trusts over companies for investing . i would even advise against using a trust for reasons outlined above. but it is up to the client which way they go and a company could work out better for some limited circumstances.

ray i think u are confusing fixing with splitg. these are separate issues

Amsaimi I think you may be conflating two separate issues.

The first is borrowing to pay general expenses. This should be ok

The second is borrowing to pay interest. This is capitalising interest and is also generally ok. But the Ato has said it is not ok if you are doing it as a scheme to pay offf your non deductible loans sooner.

Sounds like your accountant is not on the ball.It is not the loan that matters but the % ownership on the title of the proeprty. So you need to work out the cashflow position of hte property you will buy and then how long before it becomes tax positive – ie turning a profit after all expenses.Then you need to decide to take the short term benefits…[Read more]

I am a solicitor based in Sydney CBD and have purchased a few properties of my own over the years, and sold.None of my law clients have ever asked me if I am an investor or not. I don't know if it really matters too much, especially in regards to adding clauses to a contract.I am overseas in japan at the moment so amd not available for any…[Read more]

What names are you putting it in and will there be a loan involved?You putting in a large amount in cash is certainly worth more, plus you are doing the hard work.Make sure you get the legal work done and try to think of everything bad that could happen. eg. death or sudden lack of capacity.

I assume that the granny flat is on the same title as the house? If so both tenants will need to buy the wholre property jointly. Or maybe you are approaching each separately about buying the whole place??1. A contract for the sale of land.2. They would have already entered into an agreement to buy and exchanged contracts. If they did not follow…[Read more]

There is no basis for that claim by the ATO. That is wrong advice and you shouldn't rely on it.If you want to ask the ATO a question you have to do it formally and ask for a private binding ruling.I bet if you ring again you would get different answers.