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  • Profile photo of malik_nikunjmalik_nikunj
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    @malik_nikunj
    Join Date: 2004
    Post Count: 14
    January 28, 2005 - 7:04 am

    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

    Profile photo of malik_nikunjmalik_nikunj
    Member
    @malik_nikunj
    Join Date: 2004
    Post Count: 14
    January 25, 2005 - 5:52 am

    thanks for that,

    but is such a personal loan etc tax deductible ?

    Nick.

    Profile photo of malik_nikunjmalik_nikunj
    Member
    @malik_nikunj
    Join Date: 2004
    Post Count: 14
    January 19, 2005 - 4:12 am

    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.

    Profile photo of malik_nikunjmalik_nikunj
    Member
    @malik_nikunj
    Join Date: 2004
    Post Count: 14
    January 18, 2005 - 7:07 am

    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.

    Profile photo of malik_nikunjmalik_nikunj
    Member
    @malik_nikunj
    Join Date: 2004
    Post Count: 14
    December 30, 2004 - 7:44 am

    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.

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