Thanks minds-eye and donkey1. I'll run it all by my accountant next week to be absolutely sure, but looks promising

Thanks Terryw. So to the best of your knowledge, does the same high level principle hold true under newer tax law? (ie. repairs relating to income producing property that became necessary as a result of income production (eg. tenancy) can be claimed if undertaken in the same financial year, immediately after the property ceases to become income…[Read more]

Thanks Terryw,  The items for repair are fairly clearly repairs and maintenance, not capital works or improvements. Most of the items have been documented well (including photos) in inspection reports from the PM over the last year or more, so proving that they happed during income production shouldn't be too hard. I guess I just wondered whether…[Read more]

Hi JacM and ChristianBThank you both for your advice.I ended up going with Southwick Goodyear, a local company in SA that provides "Valuation & Property Services".They have quoted me $330 (inc GST) for the service, which seems quite reasonable.Thanks again for your advicePeter

Hi TerryExcellent advice. I'll do some more research tomorrow, and weigh it all up.It certainly seems like an easier way to go.Thanks for your time and effortsPeters

Hi TerryExcellent advice. I'll do some more research tomorrow, and weigh it all up.It certainly seems like an easier way to go.Thanks for your time and effortsPeters

Thanks Richard!

Hi RichardThanks for your advice. Our present lender indicated they could do a stopped term deposit as a security, but I'd be happy to consider other options, such as just doing it at the time of the settlement of the new PPOR.I'm mildly confused about the scenario you have described above:If the original property was purchase for $100K and both…[Read more]

Thanks TerrywI will have a look around. I had a look last night, and I found something about getting a stamp duty exemption if the marriage had "failed", but nothing to do with transferring between spouses in "happier times". If I have no joy, I'll ask my conveyancer, one would hope they know these sorts of things.Appreciate your a…[Read more]

Hi All, thanks for your comments.zac_moose – Pulling the money out of the offset and putting it on the new PPOR is fine, and that's not the problem here. The problem is more about the 120k odd of equity then still left in the current PPOR (soon to be IP). It seems a shame to have it sitting there saving me interest where I will be able to claim…[Read more]

Hi RichardThanks for your prompt reply. I'd contemplated the trust concept, but wasn't sure if that would fly, and also wasn't sure if it made long term financial sense. There seem to be a few pros and cons.The suggestion of my wife transferring her interest to me, or visa versa, is a good one, that I had not fully contemplated.I'll have a hunt…[Read more]