vin16 replied to the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 14 years, 6 months ago
Thanks Richard, I will speak to my bank today and have my loans split. I will submit these details to my tax agent.
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vin16 replied to the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 14 years, 6 months ago
Thanks Dan, I have used $20k of the funds to pay off personal loans and invested $20k on an offshore land purchase.How should the interest be calculated on $190k, especially since the interest rate keeps changing. If I have been claiming tax on the full amount of $230k unknowngly , will it be questioned by the ATO? and how can one fix everything…[Read more]
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vin16 started the topic Affect of negative gearing on Refinanced investment loan in the forum Help Needed! 14 years, 6 months ago
Hi Guys,I have couple of questions in regards to negative gearing. I bought a propertyin 2007 for $200k, and paid $10k advance leaving $190k as my mortgage. I refinancedthe loan couple of times example, to $205k(2 years ago), then $210k (dec 2009) and now $230k (in march 2010).How should my negative gearing be calculated annually, should it be…[Read more]
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