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  • Profile photo of furnzfurnz
    Member
    @furnz
    Join Date: 2005
    Post Count: 11
    December 4, 2005 - 12:12 pm

    Alistair,
    I would appreciate it if you recommended me a good accountant. I am in Newcastle but Sydney is not a problem.

    Thanks

    Profile photo of furnzfurnz
    Member
    @furnz
    Join Date: 2005
    Post Count: 11
    October 9, 2005 - 9:25 am

    Thanks Daryl, I was a bit worried. The refund I get back is through negative gearing and I always have a depreciation schedule done. I am converting to interest only presently and I have calculated that the rent will cover the repayments. In fact I am presently working out that another cheaper propery added will alsolet me cover the repayments.

    Thanks
    Furnz

    Profile photo of furnzfurnz
    Member
    @furnz
    Join Date: 2005
    Post Count: 11
    October 9, 2005 - 8:01 am

    Hi Daryl,
    I thought I was on the right track. I am getting a tax refund of around $5000 a year back. I will convert the loans to Principal and Interest shortly but I must admit that I thought I was on the right track.

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