dongbell replied to the topic First investment property in Sydney (Tax help please!) in the forum Terry: Thanks very much. I 11 years, 7 months ago
Terry: Thanks very much. I wouldn't mind to know more info regarding to 4. Spouse lending you money. Would be great if you can point me to some sources of informations.
Shahin: Sorry, what I mean by "100% equity" is that I have fully pay-off the property. (fully owned). Could you explain further as I dont really understand "You need to ensure…[Read more]
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dongbell replied to the topic First investment property in Sydney (Tax help please!) in the forum Legal & Accounting 11 years, 7 months ago
yes I do currently own a property, equity is 100%.
Cheers,
Dom -
dongbell replied to the topic First investment property in Sydney (Tax help please!) in the forum Hi Terry, 11 years, 7 months ago
Hi Terry,
Yes this is going to be an investment and would you mind what you mean by "You can structure this so as to save more tax." how should I structure the investment in order to save more tax?
Cheers,
Dom -
dongbell replied to the topic First investment property in Sydney (Tax help please!) in the forum Legal & Accounting 11 years, 7 months ago
Thanks a lot for the prompt reply guys.
I was thinking to put minimum initial deposit (the lowest possible amount without triggering mortgage insurance) + IO loan. I will then put some money in the offset account (enough to a stage that the rental income = interest expenses). hopefully the equity continue to accumulate and receive some decent…[Read more]
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