vin16 replied to the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 15 years, 10 months ago
Thanks Richard, I will speak to my bank today and have my loans split. I will submit these details to my tax agent.
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vin16 replied to the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 15 years, 10 months ago
Thanks Dan, I have used $20k of the funds to pay off personal loans and invested $20k on an offshore land purchase.How should the interest be calculated on $190k, especially since the interest rate keeps changing. If I have been claiming tax on the full amount of $230k unknowngly , will it be questioned by the ATO? and how can one fix everything…[Read more]
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vin16 started the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 15 years, 10 months ago
Hi Guys,I have couple of questions in regards to negative gearing. I bought a propertyin 2007 for $200k, and paid $10k advance leaving $190k as my mortgage. I refinancedthe loan couple of times example, to $205k(2 years ago), then $210k (dec 2009) and now $230k (in march 2010).How should my negative gearing be calculated annually, should it be…[Read more]
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