Have you purchased the investment properties in one name or more than one name?

I have designed my own spreadsheets that I use for my investment property bookkeeping business because I couldn't find any software that did what I wanted.  That is, work out my holding costs before tax, after tax, how much did the property cost me to buy, work out borrowing costs, re-allocate depreciation.  The spreadsheets calulate the ho…[Read more]

I don't think MYOB or Quickbooks are good for property investing as they are more designed for businesses.  Accountright Plus includes the payroll which you said that you didn't need.  I'm not sure if Quicken will do what you want.

The API magazine have done a couple of articles on car parks.  The latest was in their November 2009 issue.  They had a case study from someone who purchased one – he did it because he didn't have a car space for his job and so he bought one for use at that time.  He purchased it with cash, was able to sub-lease it if he wanted to, had to pay bo…[Read more]

If you are self-employed (sole trader) you can do the same thing on your BAS Return. Only problem is that you probably don't know your earnings so it makes it a bit hard.  The actual name for this is the PAYG Withholding Variation Application.  Or 15-15 form.  The name changed from 221D some years ago.  Here is the link from the ATO's webs…[Read more]

I'm a bit late in replying and can see that Terryw has answered your question. 

Did you set up the $45k as a separate loan on your PPOR?