All Topics / General Property / pos v neg of ppor into an ip ,please any advice…

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  • Profile photo of TassTass
    Participant
    @tass
    Join Date: 2003
    Post Count: 25
    August 27, 2004 - 3:54 am

    if anyone can help me I would appr…it. Any positive and negatives I should know about turning my ppor into an ip …and buying again

    Profile photo of kalonikaloni
    Member
    @kaloni
    Join Date: 2003
    Post Count: 124
    August 27, 2004 - 4:14 am

    Capital gains tax is one
    of the main issues

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 27, 2004 - 6:18 am

    Another point.
    If your loan on your PPOR is currently small, then you might be paying tax on your rental income as this will probably be cashflow +ve.

    But your new PPOR is likely to have a large loan and hence, you will be paying large amounts of interest which is not claimable.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 3 posts - 1 through 3 (of 3 total)

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