Recent content by Blacky

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    Perth Property Market updates

    Aaron - is this a quote from someone or do you have interests in the development? Just curious Blacky
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    Whose buying? Investors or PPOR's

    False - every investor knows its illegal to avoid tax. Reduce tax however... possible. However, Im pretty sure that investors make up only something like 10-20% of the total market. Blacky
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    Is there a way for landlords to join forces and boycott kmart?

    I am quite sure you just won Somersoft...
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    Is there a way for landlords to join forces and boycott kmart?

    Man - you don't log in for 24hrs and look at what happens! All the fun happens! I actually saw that it was a fully lucky thread and up to 6pages... which is why I clicked on it. Always a good read. This thread goes to second place on my favorites list! Thanks for making my day FL...
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    Footy Tipping comp?

    Nemo in top spot. Me in second place. How is this possible? Blacky
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    critique my business idea: alcohol

    No 100% correct JoeE. It is permissible to carry on duty free which is delivered to the gate. Hence why DF in Singapore always deliver to your gate, and you collect it after screening. However, if you purchased DF in say London you won't be able to carry that through screening in Dubai...
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    critique my business idea: alcohol

    Datto - I like you! You speak my language. Next SS get together is a moonshine and pizza night! Blacky
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    critique my business idea: alcohol

    A few issues with the idea that I see; 1) alcohol excise is about $80/l of alcohol. So if you have a 1l bottle which is 20% you are looking at a cost of about $16. 2) Licenses are not easy to come by. Added to that you will need liquor lic and liquor import lic which I believe are two...
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    Perth meetup - Saturday, June 20th

    Ha! I won't be there D.T so coast is clear for you!
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    Ouch - $30K being taxed and not much deductions to off set

    BG Even if you can claim the laptop (or other expense) as a deduction you are still spending dollars to save cents. Take your example Your earned $150,000 You spend $3,000 on a claimable expense You now have an income of $147,000 Your tax amount is currently $30,000 (or 20% tax...
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    Is this a legitimate tax strategy?

    One option might be to use the cash as security. Most banks will take a cash deposit as security at 100%. Therefore you could take out a loan, build the granny flat - re-draw the equity from the property and re-pay the loan. Thus releasing the cash security back into your account. Also -...
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    Is this a legitimate tax strategy?

    No. You need to look at 'use of funds' The cash you put into the granny flat is what paid for the granny flat. You then 'redraw' equity - what ever you spend that money on is the use of that loan. The only way these funds would be tax deductible is if you purchased another income...
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    Cheap asses - at what equity position did you begin to relax?

    Im not sure I was ever tight. I set a budget and stuck pretty tightly to it - though did have the occasional blow out. Some mates often comment about the amount I spend. Which I guess may exceed most people, however, they only see a fragment of reality. They see me spend $200 on a casual...
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    July edition of The Somersoft mag - oops I mean API

    Nah - cant be. They PM'd a couple of years ago, and you cant get any blacker than Blacky! :p:D
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    "Shell" apartments

    Its quite common in many parts of the world. Every one seems to be assuming that the developer would be the one completing it beyond a shell - but that's not how it would work. They would finish the shell and hand it over. You would need to source your own trades to complete it (or DIY)...
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