I've just realised that since I am purchasing my IP overseas (US) then I may be liable for capital gains on the sale of the property won't it?I have researched that there are no capital gains in the state I am purchasing. However, since I am claiming deductions from the unsecuritized loan I took in Australia, then surely any profits from my US…[Read more]

Thanks for replying duckster. Yes I should have mentioned that the credit card is paid down to zero monthly. And if the credit available is used for part purchase of the IP, then I will no longer use the card for personal expenses.If I were to do it then, can the interest be tax deductible?With regards to hybrid trusts, I have asked around and a…[Read more]