Often when people move to a new home they wish to retain their current home and use it as an investment property. The challenge is to structure the transaction to ensure as much of the debt as possible is deductible.

In Matthew 25 the Bible speaks of the steward who was faithful with his master’s resources.  As God’s stewards we need to be faithful with the resources He has given us.  We are charged to be faithful in handling 100% not just ten percent.

With the cost of housing at record high levels people are borrowing significantly more than they have in the past to purchase a home. This was not a significant issue when interest rates were at record lows, however, as we are now in the midst of a rising interest rate cycle and the effects of the United States sub-prime lending crisis are flowing into our credit markets, the pressure is starting to be felt among some home owners.

From the 1 July 2008 first home buyers will be able to tax effectively save a deposit for their first home through a combination of a Government contribution and low taxes.

Thomas A. Edison is quoted with saying “Restlessness is discontent and discontent is the first necessity of progress. Show me a thoroughly satisfied man and I will show you a failure .” 

Thomas A. Edison is quoted with saying “Restlessness is discontent and discontent is the first necessity of progress. Show me a thoroughly satisfied man and I will show you a failure .” 

Billy Graham once described integrity as “the glue that holds our way of life together. We must constantly strive to keep our integrity intact. When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost.”

With 30 June in the past check out the  Top Ten Tax Tips below to see if you could benefit from one of these end of financial year strategies.