Recent Content by craig73

  1. craig73
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    A quick tax deduction question

    Thanks again. Yep, I have been to the accountant and I could claim a trip to meet with the managing agent for renting it out but for all else he...
    Post by: craig73, 9th Oct, 2008 in forum: Accounting and Tax
  2. craig73
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    A quick tax deduction question

    Thanks everyone. Yeh I have a feeling it should be considered an expense of building therefore it's capital. I will still take records to...
    Post by: craig73, 26th Sep, 2008 in forum: Accounting and Tax
  3. craig73
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    A quick tax deduction question

    Hi, I'm wondering can I claim travel/phone/postage expenses incurred during the construction of a rental home or is this considered capital...
    Thread by: craig73, 25th Sep, 2008, 7 replies, in forum: Accounting and Tax
  4. craig73
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    can he claim both renovations on tax???

    My understanding is that you can only depreciate renovations for rentals. So if he renovates both and moves into unit one and rents out unit two,...
    Post by: craig73, 5th Jul, 2008 in forum: Accounting and Tax
  5. craig73
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    Tax on building & selling spec homes

    Thanks Letiha, Can anything else besides interest be claimed during development eg rates, bank account maintenance fees, construction loan...
    Post by: craig73, 2nd Jul, 2008 in forum: Accounting and Tax
  6. craig73
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    Tax on building & selling spec homes

    Oh I see, well that's fair enough then. Thanks, Craig.
    Post by: craig73, 1st Jul, 2008 in forum: Accounting and Tax
  7. craig73
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    Tax on building & selling spec homes

    The fact that we can't claim anything before we changed our minds is pretty rough I think. If we were to sell it as planned then all of that...
    Post by: craig73, 30th Jun, 2008 in forum: Accounting and Tax
  8. craig73
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    Tax on building & selling spec homes

    Thanks for the responses. Yes the initial query was about CGT but as Poppy mentioned - it is not CGT but GST that would apply in my case. I...
    Post by: craig73, 29th Jun, 2008 in forum: Accounting and Tax
  9. craig73
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    Tiles V Vinyl

    I think that tiles are more popular in Brisbane than vinyl. We paid $22 sq.m for our tiles on a sale at 'Uptiles'. If you decide to go with tiles...
    Post by: craig73, 28th Jun, 2008 in forum: Adding Value
  10. craig73
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    Tax on building & selling spec homes

    Thanks a lot for the link to that website, I think I managed to gain some understanding from it. So 1/11 of sale price will be GST - but the GST...
    Post by: craig73, 28th Jun, 2008 in forum: Accounting and Tax
  11. craig73
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    Tax on building & selling spec homes

    Hey there, I hope your house is going well. I haven't been to the estate for a while but I plan to go tomorrow and will try to get a pic of yours...
    Post by: craig73, 27th Jun, 2008 in forum: Accounting and Tax
  12. craig73
    Thread

    Tax on building & selling spec homes

    Hi, just wondering if someone can shed some light on the tax payable when building then selling spec homes. As an example let's say (rough...
    Thread by: craig73, 27th Jun, 2008, 17 replies, in forum: Accounting and Tax
  13. craig73
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    Tax Returns - Cost or DIY

    I paid about $280 last year for 2 IP's and income tax. I initially did it myself using QS reports but when a sump pump had to be replaced for one...
    Post by: craig73, 25th Oct, 2007 in forum: Accounting and Tax