Recent content by Body-By-Jake

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    How many properties have you bought in the last 2 years?

    I'm between options 2 & 3 - hence 3
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    Has anyone bought the $1,500 wealth programme through Momentum Wealth?

    Answer above please - worth the money? Seems a good programme to use - received & watched the free DVD today.
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    How many properties have you bought in the last 2 years?

    I only meant that because a commercial/industrial investor like yourself may say that the above poll is unfair because of the cost of a property - ie: 1 commercial property you bought might have been worth $1million & you might have bought 2 of these in the past 2 years; whereas someone else...
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    How many properties have you bought in the last 2 years?

    (Note: The poll above refers to the majority of investors, as most I assume buy or build houses or units - FOR COMMERCIAL/INDUSTRIAL, ETC INVESTORS THIS POLL APPLIES TO YOU AS WELL - P.S. A block of 6 units for example means 6 IPs for this poll) The reasoning behind this question is a couple...
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    Do you wait untill tax time ?

    Looking into this at the moment however with my income being Salary & Commissions it's difficult for my employer to deduct the correct amount of tax each month as the commissions vary from month to month - sometimes it's a lot, sometimes nothing. Probably the tax variation is excellent for those...
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    Renting to a Family Member

    If Market Rent was $300pw & he paid $300pw & you gave him a $50 cash rebate each week, how's the ATO going to find out. You signed a lease with him at market rent at $300 per week. End of story I would think. No one from the ATO on this forum I hope!!! :D :D
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    How To Calculate Net Profit With Capital Gains Tax On Sale Of Property?

    So using this method through the ATO: Purchase Price: $100,000.00 (assuming no deposit is paid) Sale Price: $150,000 Stamp Duty: $2,972.60 Solicitor's Fee (Purchase): $800.00 Solicitor's Fee (Sale): $500.00 Agent's Commission (incl. GST): $4,620.00 Total Cost Base: $108,892.60...
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    How To Calculate Net Profit With Capital Gains Tax On Sale Of Property?

    Say for example you buy a block of land. Pay $100,000 for it - worth $150,000 when you settle. You sell straight after settlement. You pay 30% tax on PAYE. How do you calculate net profit with capital gains tax? :)
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    Warning! Do Not Install Internet Explorer 7 Unless You Want Your Internet To Crash!!!

    Many thanks Duncan. I now have to Internet back. I did a system restore which restored my computer back to 3 days ago & then installed both Firefox & Thunderbird - Wow! What a difference! My Dad's got Firefox on his Apple Mac & likes it! Cheers! :)
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    Warning! Do Not Install Internet Explorer 7 Unless You Want Your Internet To Crash!!!

    If I change to Firefox or Safari, I'll have to add all my favourite links to websites again right? Also changing to Firefox doesn't alter Microsoft Outlook - I can still use this to access my emails??
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    Warning! Do Not Install Internet Explorer 7 Unless You Want Your Internet To Crash!!!

    I'm on 512k through AAPT. I did restart the machine.
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    Warning! Do Not Install Internet Explorer 7 Unless You Want Your Internet To Crash!!!

    Just installed Internet Explorer 7 (the latest one) via the top of ninemsn.com.au website yesterday; restarted & everything on my internet went REALLLLLLLLLLLYYYYYYYYYYYYYYYYYY SLLLLLLLOOOOOWWWWW!!! Load a webpage & it takes 30 minutes & still doesn't load. Tried to uninstall IE 7 & did; but now...
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    43 Saunders St -Mosman Park- Perth

    The $85 Million Dollar House - Yep, I Saw It On A Current Affair Tonight
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    Anyone Heard Of 3.95% Interest Only Loans? Are They Legit?

    I saw today on the Internet - 3.95% CASH FLOW LOANS through www.premisesfinance.com.au - does anyone know if this is legit?
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    How Many $$$ Do You Donate To Charities Each Year???

    We're donating at the moment to Guide Dogs, Fred Hollows, & Salvos
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