w8up replied to the topic Prepaid interest in the forum Legal & Accounting 11 years, 5 months ago
Hi Jamie, I'm in Adelaide
w8up replied to the topic Prepaid interest in the forum Legal & Accounting 11 years, 5 months ago
Thanks Terry, I already asked my accountant, but he was a bit vague with his answer, and I got the impression that he wasn't really too sure, hence me posting on the forum. I might have to try to pin him down on the answer. Cheers
w8up replied to the topic UK vs. Australian Property Prices in the forum Overseas Deals 12 years, 6 months ago
The area that my potential job is located in Bristol is the suburb/area of Clifton, which coincidentally seems to be the most expensive. It seems that for a 2 bedroom flat in a Terrace, the starting point is about 250k GBP and terraced houses start at about $375K GBP for a shoebox. Ian, Do you know much about the surrounding areas – any re…[Read more]
w8up replied to the topic spltting LOC in the forum Finance 12 years, 8 months ago
Hi, The ATO website states that:Claiming deductionsAs with any rental property, the costs you incur when your home is rented out, such as repairs and maintenance, are deductible even though you are claiming the main residence CGT exemption.You need to keep accurate records and remember, you cannot claim:an immediate deduction for initial repairs,…[Read more]
w8up replied to the topic spltting LOC in the forum Finance 12 years, 8 months ago
Thanks for your replies v8ghia and TerryWI can probably avoid using the LOC for private expenses as you suggest. I spoke to my accountant today and he said that I could still claim deprecation on costs of renovating the PPOR prior to rental, but the thought also occurred to me to list the place for rental prior to commencing work to be on the safe…[Read more]
w8up replied to the topic Property Manager recommendations in the forum Help Needed! 13 years, 9 months ago
Hi DHCP, Thanks for the sound advice – a very thorough approach!
w8up replied to the topic Borrowing from LOC to prepay IP loan interest in the forum General Property 14 years, 4 months ago
Thanks a lot for the information, Terry.