So the old home PC has given up the ghost.
I have a good amount of funds still available in my IP loan, is it appropriate to use some of these funds for a new PC for home.
This PC will be used to manage the toings and froings of the property as well as general home use.
Is this acceptable.
Chappy
I wouldn't mix personal funds with investment funds.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Computer for home only cost a few hundred bucks save or get a weekend job for a few weeks,
cheers
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
if you need a computer to handle your investments, you may be able to claim it as a business expense, either in part or full, or maybe some depreciation for part or full amount.
I wouldn't use funds in your loan, the PC can be claimed as a business expense if used solely for business of investing or a percentage depending on how much is business vs personal = too much hassle in my books.
if you're in the market for a new computer don't listen to the sales man and pay for the flash shiny one with all the bells and whistles. The more expensive PC's are really for people who play games and run full on applications requiring high graphics and processing power, CAD, graphic design ect……
If all you need is a PC for general web browsing/home use the base or one up from base is more then good enough
Thanks to all for the responses.
Having been an IT geek for years, I think I am finally ready to get my first MAC
Grab a medion computer from Aldi – they're actually really good.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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