leehom222 replied to the topic Is highrise apartment worth claiming deprieciation if it’s 13 years old? in the forum Help Needed! 13 years, 4 months ago
Thanks Michael,Do you have their details handy? regards,
leehom222 replied to the topic need help re: undeductible interest, spouse transfer and CGT etc in the forum Help Needed! 13 years, 4 months ago
Firstly, is the property solely in your name now? Assuming it is.Yes it is solely in my name, I have got this property before we get married.CGT wll be payable on the sale price less value at the date you moved out of it you moved out of it, so roughly $600k – $580k. Less fees such as stamp duty etc. 50% discount on CG too. So probably little or…[Read more]
leehom222 replied to the topic need help re: undeductible interest, spouse transfer and CGT etc in the forum Help Needed! 13 years, 4 months ago
You will have to do the calcs yourself as your post doesnt really make sense (you said you purchase the property in November 2009, lived in it for 14 months and then rented it out on January 2010).Sorry my mistake, I purchased the property at November 2008 not 2009. and lived in for 13-14 months and rent out on 2010 Jan.But I don't know how to do…[Read more]
leehom222 replied to the topic Property type – what’s best? in the forum Help Needed! 13 years, 4 months ago
Hi there,In my opinion it is always good to have IO with offset account for your IPs. As money will be more flexible, and we aim for capital gain therefore not much of point of paying down the principal, as it will reduce your tax benefit as for negative gearing. Plus you could always leverage your equity in buying new properties. As for property…[Read more]