dragonlady replied to the topic interest payment on investment loan in the forum Legal & Accounting 20 years, 5 months ago
Hi Melbear,
Thanks for the additional information. The tax treatmnet of holiday home may apply to my case too. I will certainly bring it up when I consult an accontant. Thanks so much for your time.
Cheers.
Dragonlady[thumbsupanim]dragonlady replied to the topic interest payment on investment loan in the forum Legal & Accounting 20 years, 5 months ago
Hi Melbear.
Very much appreciated for your advice. It is a bit messy but will definitely talk to an accountant before I do anything. Thanks again.
Dragonlady[hair2]dragonlady replied to the topic interest payment on investment loan in the forum Legal & Accounting 20 years, 5 months ago
Hi Derek,
Thanks again for your sugguestion. Will certainly see an accountant regarding the above issue. Lucky Ihaven’t sold the property yet. will have time to look into it first. In my case, I definitely need some professional advice. Very much appreciated for your help.[thumbsupanim]dragonlady replied to the topic interest payment on investment loan in the forum Legal & Accounting 20 years, 5 months ago
Hi Derek, Thanks for your advice. I will consult an accountant when the sale happen. It is a bit messy. Very much appreciated on your comment.[rolleyesanim]
dragonlady replied to the topic interest payment on investment loan in the forum Legal & Accounting 20 years, 5 months ago
Hi Derek,
Thanks for your reply.Perhaps I should explained a bit more about the situation.A property was bought as my own home before I sold my old one.As it took me almost 13 months to sell my old family home ( it exceeded the 6 months window period which was allowed by ATO ).I have moved into my new home and rented the old one while selling. I…[Read more]dragonlady replied to the topic family home held in trust or compamy in the forum Legal & Accounting 20 years, 7 months ago
Hi Terryw,
Thanks so much for sharing your knowledge on this topic. Really appreciate your help. This forum is great Thanks again.Dragonlady