Total Members: 159,409

Smoo

  • Smoo replied to the topic Turning PPOR into IP…tax question in the forum Help Needed! 9 years, 6 months ago

    Yep. Our PPOR is in both names.

    The IP’s are in mine only.

  • Smoo replied to the topic Turning PPOR into IP…tax question in the forum Help Needed! 9 years, 6 months ago

    Thanks Jamie and Terry

    I guess the only benefit of having the equity from our current property used for a deposit would be that it would be an interest only loan.

    It’s a tricky one…we were initially thinking of selling our PPOR (in sydney) to buy our new PPOR (also in Sydney). The benefit of this is obviously no CGT and a healthy deposit for…[Read more]

  • Smoo replied to the topic Turning PPOR into IP…tax question in the forum Help Needed! 9 years, 6 months ago

    Thanks Jamie and Terry

    I guess the only benefit of having the equity from our current property used for a deposit would be that it would be an interest only loan.

    It’s a tricky one…we were initially thinking of selling our PPOR (in sydney) to buy our new PPOR (also in Sydney). The benefit of this is obviously no CGT and a healthy deposit for…[Read more]

  • Smoo replied to the topic Turning PPOR into IP…tax question in the forum Help Needed! 9 years, 6 months ago

    Thanks Jamie!

    I guess the only benefit of having the equity from our current property used for a deposit would be that it would be an interest only loan.

    It’s a tricky one…we were initially thinking of selling our PPOR (in sydney) to buy our new PPOR (also in Sydney). The benefit of this is obviously no CGT and a healthy deposit for our new…[Read more]

  • Smoo started the topic Turning PPOR into IP…tax question in the forum Help Needed! 9 years, 6 months ago

    Hi All,

    I hoping some of you switched on property gurus can help me.

    If a PPOR is turned into an IP, I am aware you can’t simply draw equity from the property to use to purchase a new PPOR and claim that equity as a tax deduction.

    But I am wondering in which scenarios the use of equity could be claimed as a tax deduction? I will be seeking…[Read more]

  • Smoo became a registered member 9 years, 6 months ago

Smoo

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,409

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!