Monthly archives: April, 2009

Tax treatment of early loan payout fees

Question Hi JuliaNoel Whittaker suggested I contact you.My husband and I bought an investment property in Toowoomba, Feb 2008. Interest rates on way up, so took out fixed P&I loan at 8.29% over 4 years. F/nightly repayments of $725. Loan balance now $183K. Tenanted at $220 per week till July 2009 (tenant often in arrears). …

SMSF Life Insurance

Question Hi my business partners and I have a self managed super fund started in 1999. In 2003 we both applied for life insurance with no annuity and payable on death. The policy was set up for me but the insurer has registered me as the owner and the superfund as the payer. For the …

Company paying rent

Question Hi,My employer is moving me interstate (Sydney metro area from Brisbane) to build the business.Is it possible for the company to legally pay my rent for the 12-24 month period I’m there & not incur FBT, and claim my rent as a deductible expense to the business?If so I’m thinking about asking them to …

. .
Have a question about tax you need answered?

. Ask your own tax question here for only $79.95