Use the equity in your existing property to maximise your negative gearing
- Borrow the full cost of the investment property
- Add on the costs:
- Stamp duty on the property transfer
- Conveyancing plus Council and Water rate adjustments
- Statutory loan set-up costs
- Take the interest only payment option for your investment loan to retain a maximised interest reduction.
- Focus on paying off other non tax-deductible debt eg. set up a separate account for your owner occupied home loan and personal borrowings.
- We'll arrange a Deposit Guarantee Bond in lieu of paying a Cash Deposit (if required). Cost is appropriately 1.2% of the deposit amount ie. $240 for a $20,000 Deposit Bond.
- Tax Rebate up front - Is a 221D Tax Form for you?
The Tax Office can allow your employer to withhold tax from your pay at a lower rate if it is clear that you would otherwise obtain an excessive refund as a result of your investment property deductions.