god_of_money wrote:
go to infochoice.com.auyou can enter you data and it will calculate for youcheers

Thank you,I will have a look, but I did go to the ING site (who my loan is through) to use their extra repayments calculator but because the loan will go from fixed interest to variable in September it makes it hard to calculate.Will see if I…[Read more]

Dan42 wrote:
It looks as though you are renting at the moment? Is this correct?If so, you wouldn't pay any CGT if you sold at the moment, as your house would still qualify under the 6 year rule. Basically, you can be away from your main residence for up to 6 years and it is still exempt from CGT, as long as you do not have another PPOR.

Thats…[Read more]

freelance wrote:
Hi Shellb78,Don't forget when you sell the investment property you will pay capital gains tax (you'll have the 50% discount though since you've owned it longer than 12 months).

Really?? I had no idea we would have to pay Capital Gains Tax. We have had the property for 7 years! I thought you only pay CGT on a property that you…[Read more]