I think I do…

Investing is a commitment of money, time or effort to achieve a desired result.

Examples….

* investing in your child’s education by buying a mathematics software
* investing the continued well-being of your local community by volunterring at the local soup kitchen
* investing in shares to obtain financial benefit

As you can see, NOT EVERYTHING IS ABOUT MONEY!

TMA

I just find it cheaper to operate and more flexible than a trust. I also utilise the trust structure in some cases.

TMA

Yep. That is why I buy property in a company name. If I want to live in it, I just ‘rent’ it from the company. I have never owned a PPOR.

The stupidest thing I ever done was buy land which, I was advised, is non-deductible until I put a structure on it. Never again!

TMA

I must apologise for my lack of attendance last night. I hope everything went extremely well and I am disappointed with myself for not being able to get there.

I hope there is going to be further meetings (preferably at a later time or on the weekend) so a large bunch of us can make it without difficulty.

Sorry!

TMA

There is no legal way of doing this. Paying off non-deductible debt regardless of the source of the funds results in the cost of those funds remaining non-deductible.

Look at alternative structuring to pay your loan down quicker. It is pretty amazing what can be done with some minor changes to how you pay your loan.

TMA

I would say no on this one but I am not an accountant. I think it is all based on the purpose of the expense at the time of paying which would have been PPOR. I don’t think you can dig up old expenses to deduct them.

Maybe ask this question in the accounting section. There are some good accountants on this forum.

TMA

Thanks for the kind comments guys…

Jerzy< are you just bored?

I know. It was pretty clear in your post.

Where did you get the impression that my comments applied to your example especially after my follow up post stating it was not directed at you but just a scenario brokers face every day? What do you need me to say for you to understand that your comments were not as important to me as you seem to think. I try to keep my postings as generic as possible whenever I can.

That’s right. But it was the basis of my next post yet you are still going on about it.

In my opinion, implying or describing someone as ‘stroppy’ is name calling.

Stroppy = belligerent, bad tempered, awkward to deal with, easily offended or annoyed

I don’t get like this online. They are just descriptive words on a screen to be interpreted in different ways by the readers.

TMA

Not everyone can do it. You need a good mix of positive cashflow income and decent capital gains. By the way, you can borrow far more than 80% of a property value.

TMA

I like looking deeper into topics.

Just on the capital gains issue, that is also fraud against the ATO. Any half decent auditor would find the ‘rebate’ following a purchase on a ‘stacked’ contract and start asking questions.

Is it really worth the risk?

TMA