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  1. O

    Having a stop-loss is the greatest tool in equity investments if you want to make money long term

    @fola Yeah, it’s called ‘stop hunting’ I don’t think anyone other than industry insiders/providers can categorically prove that it happens but maybe, like you, I have my suspicions.
  2. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Part 3 & 33
  3. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier This is potentially going to be a seperate dwelling though is the way I read it? Not sure these rules apply?
  4. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @anxiousonthebrightside Ok but #3 of the link still applies. Suggest you show the link to your accountant if you can to get qualified advice. If you don’t have one, any accountant would be able to advise probably free for a simple question.
  5. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @anxiousonthebrightside I wouldn’t do anything if I was you, First, these rules don’t apply to seperate dwellings. (# 33 of the link) Second, they also don’t apply to renting to Family members under market rates. (# 3 of the link) Lastly, from what you’ve described you’ll open yourself up to...
  6. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @anxiousonthebrightside Careful. Is your grandads unit attached? Or seperate to the main dwelling? Is it consented? Does it have it’s own kitchen? You’d need to increase his rent to market rates. You could open a can of worms around development contributions & increased rates depending on...
  7. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Yeah that needs qualified advice because you can’t just artificially or generously lower your income and claim a fully apportioned expense, that’s fraud.
  8. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Part 3
  9. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Got it, that’s good. I got the feeling that someone might think you can just deduct 100% of the interest & be done with it…lol Your example is a good one to demonstrate how this works in a loss making situation & benefits you immensely. Especially as a single owner with a large...
  10. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Are you claiming 100% of your interest cost? Or only the shared percentage? I.e in the example in the link 48%
  11. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @psalm24 That’s a bit of a shame because there’s some really knowledgeable posters here & a lot of useful information. I’m a bit shy to post these days unless I absolutely know what I’m talking about or asking questions
  12. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier They don’t give any land size in the example only dwelling size. You’re right though I think, practically this would only apply to high density land use so way too restrictive, defeats the purpose.
  13. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier Bit ambiguous I think needs clarification. Part 32 seems specific but part 47 as you say seems to say otherwise.
  14. O

    Tax treatment of renting rooms to flatmates in your primary residence? Claiming tax back.

    @susier This sub cracks me up sometimes. There’s a post a couple below this one asking for maths help to work out how much to buy the 2 brothers out of 2 properties on a limited income. Out of the 18 replies, 12 are shitposts and of the 6 answers 4 of them are totally wrong. 1 was kinda wrong...
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