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  • Profile photo of gocoastalgocoastal
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    @gocoastal
    Join Date: 2007
    Post Count: 14

    mm  ok thanks..  Yes seems unworthwile to have IP, in my case..thanks

    Profile photo of gocoastalgocoastal
    Member
    @gocoastal
    Join Date: 2007
    Post Count: 14

    Ok sorry.
    Hope this helps-
    When lodging this years tax return , approx how much could i intend to claim back on my IP,It is negative geared, has body corps, rates, legal fees ,mortage insurance etc…  Eg  would i expect to get 50 percent of my expenses back….

    Just curious, as i went into the tax accountants the other day, the young tax accountant, had never done an IP tax return before, and i get very very minimal of all my expenses from throughout the year..Seems very very not worth having an IP.??

    Profile photo of gocoastalgocoastal
    Member
    @gocoastal
    Join Date: 2007
    Post Count: 14

    thanks, yes its only that my wife is from south america,and prices/return on some property, beats here five fold..
    Just not too sure also , if banks include offshore property as equity eg, when appying for home loan/business loan etc..?

    Profile photo of gocoastalgocoastal
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    @gocoastal
    Join Date: 2007
    Post Count: 14

    thanks , i did do a search, the only bank i could see with a global presence is abn amro.I am not too sure though if the do business loans,finance etc..

    Profile photo of gocoastalgocoastal
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    @gocoastal
    Join Date: 2007
    Post Count: 14

    Hi , yes i am interested in south american investment property and info..Pm me if you like..!thx

    Profile photo of gocoastalgocoastal
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    @gocoastal
    Join Date: 2007
    Post Count: 14

    Thanks very much.Yes it has never been an IP , therefore there should be no CGT ?I guess..

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