Cheers :)

S

Thank you, Dean.

So from what you said (lease is due on the 30th of June), as a landlord, I cannot give the tenants a notice on the 15th of June and expect the tenants to vacate the property by the 15th of July?

Thanks,
S

Thanks very much, guys!

Sayan

Thanks, Tom.

According to below, would it meant that if I happened to turn the IP into PPOR after the second year, then a deduction of the balance of the borrowing expenses (over $100) can be claimed in that year?

" If your total borrowing expenses are more than $100, the deduction is spread over five years or the term of the loan, whichever is…[Read more]

Thanks, Jamie. That was quick!

It does make sense to use the number of years the property is rented out. Also, found this:

Borrowing Expenses – deductible over the period of the loan where the loan is less than five years. Otherwise deductible over five years.

Cheers,
Sayan

OK. thanks, Jamie.

Sayan.

Hi,

I am in a similar situation, i.e. first open for rental inspection this weekend with the property settling in two weeks.

I am thinking of going in during the inspection to have a look at the state of the house so I can arrange cleaning etc if needed before the first tenants move in.

Is it something that is OK to do or is there some legal…[Read more]

Many Thanks, Jamie.  Hopefully I can lock it in time.  

Cheers, 
Sayan

True – 5.065% is still pretty good. will lock it then.

Thanks, Michael.

S.