Coogee126 replied to the topic withdrawn IP equity to pay down PPR loan. is this legal or tax invasion? in the forum Legal & Accounting 10 years, 1 month ago
haha.. thanks so much . guys.. appreciate your help to clarify my so called ‘genius’ idea.
Warm regards,
Coogee126 started the topic withdrawn IP equity to pay down PPR loan. is this legal or tax invasion? in the forum Legal & Accounting 10 years, 2 months ago
hi there , gurus
I hope you can help with this. I thought i had come up with a genius idea but only was told by my banker today that it was tax invasion?!
anyways, My strategy was below:
step 1: revalue my IP and borrow against 80% of the current market value .
for example: IP valued at 500k , and my existing loan was 200k , then I have 500k X…[Read more]
Coogee126 changed their profile picture 10 years, 5 months ago
Coogee126 replied to the topic property fencing cause me a garage in the forum Legal & Accounting 11 years, 9 months ago
Thanks all for your replies. Especially Terry.
Now We are in the process of negotiation with our neighbor to see if we can sort this out between ourselves first. I think we will need to do some drive through testing before set up the new fence. As long as we can pass the vehicle , I am fine with re define the boundary. as we end up having an extra…[Read more]
Coogee126 replied to the topic property fencing cause me a garage in the forum Legal & Accounting 11 years, 9 months ago
thanks for reply. the vendor did a survey and attached the survey report to the sales contract. on that survey , it draw a sketch and did have an easement registered on the title ( it's called right of way) , based on the figures showing in the sketch, the fence is 16.5 meters and subject to right of way for the shared drive way . but the actual…[Read more]
Coogee126 replied to the topic 2011 mega conference ticket wanted in the forum Heads Up! 13 years, 6 months ago
ha… thank so much. my detail is [removed personal details now that it's complete]Can I have your contact details as well? cheers
Coogee126 replied to the topic questions on tricky ‘salary sacrifice” techniques in the forum Legal & Accounting 15 years, 4 months ago
Hi , AngelaYes, understand your situation. I think It's quite risky to maximum out on LVR for the sake of 'asset protection". as your wealth is measured by how much equity you have rather than how big your loan is. I also doubt if leverage to the max will really protect your asset, in my view, when you borrow up to the maximum, it is not you…[Read more]
Coogee126 replied to the topic questions on tricky ‘salary sacrifice” techniques in the forum Legal & Accounting 15 years, 5 months ago
Thanks very much !! Much appreciated !!
Coogee126 replied to the topic CGT Vs Neg Gear in the forum Legal & Accounting 15 years, 5 months ago
thanks very much for your advise.
Coogee126 replied to the topic CGT Vs Neg Gear in the forum Legal & Accounting 15 years, 5 months ago
thanks very much for your advise.
Coogee126 replied to the topic Investment or PPOR in the forum Help Needed! 15 years, 5 months ago
hi, you will have to hold that IP for more than 12 m to get discounted CGT ( 50%) if claim the house as investment property, however, you might lose the FHG eglibility if you have not claimed FHG before. if you claim this house as your PROR, you can sell that place exempt of CGT, but you need to live in that house for a reasonalbe of time.for FHG,…[Read more]
Coogee126 replied to the topic wowza, put away the soapbox lady! in the forum General Property 15 years, 6 months ago
Yes. I have. You are not alone. I have a colleague who had exactly the same opinion as that lady. And that explained perfectly why he stays where he is now — struggling. Please do not pay any attention to opinion like that, actually I also suggest you stay away from people like that the best you can. I agree with you that we investors are…[Read more]