越俎代庖了，关于税务和退税等一系列问题（jothfer 专业经验解答）

I have tax return qustion regarding property investment.

Six years ago I bought my first propery worth $280,000 with deposite $100,000, having 200,000 home loan.
Three year ago I bought second property worth $200,000,no seposite having $210,000 home loan.
last year I bought third property worth $650,000 for me to live.last six years I lives in my first property until last year I moved to third one.

Bank has done the evaluation of first and second property, first one worth $500,000, second one worth $260,000 now.

The first home loan unbalance amount is $1000, with surplus $190,000. the second one is $150,000 with surplus $55,000

now I have changed the first property home loan to max $500,000 and second home loan to max $260,000. moved $500,000 from first home loan to my current home and move $110,000 from second home loan to my current home.

for the tax return, how can claim tax from bank interest I paid for the first and second home loan, can I claim interest of $500,000 and $260,000? or only surplus part that is my own money?

Thank you for reading this long story, Thanks in advance.

回复 51# zhady001
To claim interest on loan, the property must be rented out for income.
Or if the properties are new houses and you haven't lived in and your intention is to sell it, then the interest part can be capitalised.

回复 52# jothfer
Thank you for your reply.
Both of properties has been rented out. now I pay interest of home loan $760,000
Can I use this as negative gearing in tax return?

回复 53# zhady001
only the portion for rental property.

I don't get it. what portion?

I don't get it. what portion?

回复 56# zhady001
you have to calculate your residential home loan and rental property loan seperately, only the interest generated from rental property loan can be claimed.
eg. 10k loan for your home loan, 20k for your rental property loan. Total interest is 1k. so you can only claim 1000*(20000/(10000+20000))=667.

$760,000 loan is for rental property which are for my first and second property, can I claim all the interest? of course I will not claim the interest for my residential home.
I have different version answer so far, it is so confused.

回复 58# DanJinHua
Just remember, the money you can claim must be expense for earning income (rent).
If you rented out your 2 properties for the 2009-2010 financial year, all the interest generated from the rental property loan are eligible for claiming deductions.

$760,000 loan is for rental property which are for my first and second property, can I claim all the ...
DanJinHua 发表于 2010-2-5 22:40

1st house: you can claim interest occurred in rental period which is after you moved to current house (if you paid off the loan, bad luck, you can't claim any interest)
2nd house: because you never live in this house, it is solely for rental income, you can claim all the interest occurred.
3rd house: you can't claim any interest because of private purpose,

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