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Question I talked to ATO but still not clear on the cost base.We bought PPOR in 2004 and moved in asap. Plan to build a 1 bed unit on land but not subdividing. We will rent to a third party so under TD1999/69 it is a separate household. Income will be declarable.ATO says we apportion …
Question I purchased my home approx 17 years ago for approx $200,000.I have lived in it for the entire time and it is now worth approx $1mill. It is possible to subdivide the land into two (side by side) blocks but I will not do so, if I lose the full capital gains tax exemption. …
Question Hi Juliahave your book and subscribe to the bantacs newsletter, and have read everything in the online property section. They are fantastic information sources.All this reading has scared me away from the two words "split loans". So my question with respect to my situation below, can a split loans exist, that does not have …
Question I purchased my home (main residence) in 1994 at a cost of $207,000. Initially, this home was mortgaged to the Commonwealth Bank for $150,000. In 2000, I converted the mortgage to a Line of Credit (secured by my home) with an initial limit of $250,000. In subsequent years this LoC has been increased to …
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