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Question I have a number of questions regarding the possible purchase of a rental property in Hawai’i. We are citizens and residents of Australia for taxation purposes. If it matters, we are also dual citizens of Canada. I am not sure how many related questions I am entitled to ask here, so I will firstly …
Question Jan 2010 purchased vacant land with my friend as tenant in common with 50% owned by each.2 homes were constructed on it. construction finished in july 2011 and they are rented since then. subdivision i.e. 2 separate titles completed in March 2013. We both have 50% ownership in each new built strata titles.I am …
Question Facts.I acquired an investment property in 1987 for $82,700.The purchase was financed virtually 100% from various loans.The property was a rundown dwelling house in poor condition and as a result had a poor rental return, which did not cover the cost of the finance.I obtained some negative gearing benefits during the course of ownership …
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