Recent content by cleopatra

Hi, sorry, this is a really boring post :) I am quite dissatisfied with my accountant. The practice changed hands two years ago, and I don't feel I'm getting the most from the tax department. Over the past 2 years, my tax return has decreased by almost $2500 (we have a few IP's) and I get very...

yes that all makes sense to me now. I need to offset the loss against the gain and then apply the 50% concession to the balance and then that is the amount I will have to pay tax on (allowing for all other deductions). Most importantly, bear the loss before the gain. Thanks everyone.;)

Maybe I misunderstood him and it didn't make sense to me at the time, hence my request of you gurus for some advice :)

Phew, some change left for a good bottle of wine. Thx

Hi, need some advise please. I have an IP which I want to sell. This will result in a loss of approx 40k. Property has been owned for 3 years. I have a block of vacant land that I want to sell as well. Property has been owned for 8 years. This will result in a gain of approx 150k. I know...