FAQ

Tax-effective loans for buying property

My husband and I jointly own our current home, own jointly – no debt.  We have bought an investment property as joint owners, which is a house (1930’s) on a block of land (775k) – to be financed at 80% LVR. We plan to rent out the investment property for 2 years and save as…

I have sold an investment property and want to put the proceeds into my DIY fund

I am selling a rental property and expect a capital gain of about $230,000.00. For tax purposes I reduce it by half and pay capital gains tax on $115,000. Can I place this into our DIY super fund and pay the 15% entrance tax rather than including it in my personal return? Also, can I…

Rent out your home without paying tax

I bought a unit for $250,000 in March 2001, which I moved into straight away. I was sent to work in Japan for 2 years in March 2003, at this time the unit was valued $280,000. During this time I rented the property out for $300 per week. I returned to the property in March…