Thanks for all the help guys,

one more question:
If i take out a personal loan to pay Stamp Duty then would that be tax deductible as well (i mean interest paid on it).

Thanks,
Nick.

Nikunja

thanks for that,

but is such a personal loan etc tax deductible ?

Nick.

Hi,

This is a online will service, never used but has anyone got any thoughts about it: http://www.legalwill.com.au/

Also, I have my parents overseas, live with wife and no kids. If i die then who gets all the money: Life insurance money, super, property etc.

Thanks,
Nick.

Hi,

If i refinance and take 45K away as Amit mentioned, then i should be able to claim the interest on full $495K as the 45K i have taken away is mine not financed by the bank.

isn’t this right ?

Thanks,
Nick.

Thanks for your help Christopher,

LMI is Loan Mortgage Insurance
i am paying $7800 at the time of purchase as i am borrowing more than 80%
will this be considered as capital expense as well ?

Thanks,
Nick.