Thank you Terry and Scotty,

I have read some articles and I think that Terry is right. Probably I should change my accountant :( not very happy that she gave me wrong information..

Any good accountant in Sydney you could recommend?

so technically to calculate CGT in my case. Please let me know if I am wrong

Total ownership period: 6 years…[Read more]

Hi Richard,

could I please get a copy of your article also? my email is [email protected]
thank you

Thanks so much Richard. I feel more confidence about this company.

JD,
that is alright.

I thought a family can only get FTB A or B (or nothing like me). How can you get both?

Thanks for the reply.

There are Family Tax Benefit Part A and B.
From what I understanding,
A is for family’s adjusted taxable income for this financial year less than certain amount.
B is for families with one main income, where one parent stays at home to care for children full-time.

So basically I cannot get benefit A.
As the properties under…[Read more]

Thanks everyone.

I will talk to my broker to restructure my loans.

Thanks Shane.

As originally I lived P1, I paid interest and principal. I did not change the loan structure after I moved to P2.

I thought it will be a good idea to pay interest and principal because I can pay off faster.

But from reading articles, it seems not a good strategy for investment.

I live in Sydney area. just got quote $580…..a bit expensive. But very fast response.

Pls count me in. I live in Hurstville

Dan42 wrote:
If you are not declaring the income, then you can't claim the expenses.Depending on other factors (what rent is being charged, did you advertise for the tenants,) the ATO may declare this income  as board instead of rent, so you wouldn't have to declare it as income.

Yes, that is why I want to find an Accountant to check for me.…[Read more]

Thanks for the suggestions.Also, I am moving to a brand new 3 bedroom apartment. I plan to rent 1 or 2 rooms out. Can this apartment consider as an investment property?  Can I claim for depreciation? cheers

Thank you everyone. It is really helpful. So it will be better not touch the redrawn money. or at least setup different loan accounts.cheers

Thank you Richard,So can I use the redraw found ($10K) as 5% deposit?Kind Regards,