Total Members: 159,193

Ynchai

  • Ynchai replied to the topic Early mortgage repayment strategy in the forum Finance 11 years ago

    Hi all, 

    thank you so much for the comments, very helpful, i will give this early repayment a further thought :)

  • Ynchai replied to the topic Early mortgage repayment strategy in the forum Finance 11 years ago

    Hi JacM,

    I don't have the depreciation schedule yet, but i was told it is around $5-$6k yearly. It is one of the new estate located in South of brisbane, house with 3br, 2bath, 1car space.

    Hi FMS,

    Any clue wher to find information on maximising use of the offset account?

    Thanks all for your replies :)

  • Thank you so much for your replies. Really helpful.

    @TerryW, i just read the tax case you referred to, it sounds like the interest on creating capital is not tax deductible, and construction could ve argue as capital creation even with intention to rent out the property so based on this case, it wont be tax deductible during construction. Am i…[Read more]

Ynchai

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