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  • Profile photo of YnchaiYnchai
    Member
    @ynchai
    Join Date: 2013
    Post Count: 6
    November 6, 2013 - 8:08 pm

    Hi all, 

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

    Profile photo of YnchaiYnchai
    Member
    @ynchai
    Join Date: 2013
    Post Count: 6
    November 6, 2013 - 3:35 am

    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 :)

    Profile photo of YnchaiYnchai
    Member
    @ynchai
    Join Date: 2013
    Post Count: 6
    October 30, 2013 - 12:25 pm

    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 reading the case correctly?

Viewing 3 posts - 1 through 3 (of 3 total)