murphyfinancial replied to the topic Who is a great accountant in Melbourne? in the forum Help Needed! 15 years, 4 months ago
Gidday guys,I'm situated in Heidelberg, and have many clients involved in property investment.Check out my website….www.murphyfinancial.com.au….CheersSteve Murphy
murphyfinancial replied to the topic Stamp duty on transfer of house from couple to wife in Queensland in the forum Legal & Accounting 15 years, 4 months ago
Hi PTWCheck out the following item on the Office of State Revenue website…Just copy and paste this to your web browser:http://www.osr.qld.gov.au/duties/transfer-duty/exemptions-and-concessions/home-or-property-owner-exemptions.shtmlI think you'll find, as it is in Victoria, that there is no stamp duty payable on the transfer.CheersSteve…[Read more]
murphyfinancial replied to the topic negative gearing adviceH in the forum Legal & Accounting 15 years, 4 months ago
Hi there,Unfortunately you cannot increase a loan against a rental property to maximise your tax deductions.The ATO only allow you to claim interest on the original loan to purchase the property, or for subsequent loans to improve the property. So your only real choice is to use the $150,000 in your offset account as a deposit on your principle…[Read more]