Anyone can advise how long the depreciation schedule will last?
I mean if I ask QS to check my property in Feb-14 (for FY 2013-2014), and my accountant is doing my 13/14 tax return in Apr-15.
Is this depreciation schedule report can still be used for my 13/14 tax return?
Thanks.

Jamie M wrote:

If they don't – there's plenty of other options out there.

Just do yourself a favour and work with someone that sets up these types of structures daily. An everyday branch banker is probably not going to understand what you're aiming to achieve.

Hi Jamie M,

Can you please advise about other types/structures for this, that…[Read more]

Terryw wrote:
Don't mix personal and investment borrowings in the same loan. You will be able to apportion it easily enough to determine deductibility initially, but as you put more money in it will become a nightmare. Also any further deposits will be coming off the investment portion as well and this will result in more tax.

It seems to…[Read more]

Qlds007 wrote:

Building a property portfolio is more about the structure and set up rather than the bottom line interest rate.
This is the mistake many new investors make and they end up paying for it later.

I couldn't agree more with what you said.
That's way I always try to plan ahead before I even start.
Thanks.

Thanks Sure Harvest.
Your explain is very detail. I always like the detail.

Sure Harvest wrote:

b) your tax deduction is not the RATE (variable or fixed) but it is regarding the costs to hold the investment, eg the interest, depreciation etc. My understanding is the interest paid for the investment property is tax deductible, which is fine if…[Read more]

Qlds007 wrote:
Unlimited, just to clarify that the 150K LOC is a totally separate facility and not part of a redraw or mixed with your personal borrowings ?

Assuming this is the case then sure draw 20% + acqusition costs from the investment line of credit (personally i prefer equity loans as they are charged at cheaper interest rates) and then…[Read more]

Terryw wrote:
If it is in victoria you can transfer to a spouse without stamp duty. This will be a cgt event though. If you are looking to deduct interest then the transferee will need to buy if from you at full market value and borrow to do so. This can be done without or just nominal stamp duty in vic. Seek legal advice from a solicitor before…[Read more]

The property is in Victoria.

JacM wrote:
What are you trying to achieve by putting it in both names?

My honest answer will be to reduce the tax from capital gain when we sell it.

Thank you so much for all the response..

Now, what is gong to happen after 14 days after I (or my PM) sent the Notice to the tenant ? Do I need to send any-more notice, to ask the tenant to leave, and how long is the second notice ?? OR I don’t need to send more notice ?? Please advise me, since I am new in this kind of thing….

Once again, thank you…

We haven’t search the property, because I just wanna get a picture whether or not it is possible for me to help him. I am pretty sure he can put 20% deposit.

He has income (guaranteed). Is that possible to have both name (me&him) (or maybe a trust) on the title and use a Low-Doc Loan, and use my PPOR as security, so we don’t need paperwork ?? Any…[Read more]

Thank’s for the response.

I’ve still have several question regarding to the answer.

To Terryw:
Rates can be fixed on most low doc loans. The fixed rates can also be rather high on these.
Are you sure you cannot obtain a ‘normal’ loan? When factoring in rent from the new purchase, you may qualify.
Do you mean I can get the normal loan from the…[Read more]

Why do we need a large deposit ?
Is that the same amount of money (deposit), that we’re going to spend, either in CBD or suburb ?

Anyway, thank;s for the comment.
[biggrin]

Does it mean good to invest in Melbourne CBD apartement ?

I realise the growth would be slow or even may be negative, but the rental return is very tempting.. [cigar]