Recent content by fATICAN

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    Tax on sale of IP

    tax on IP sale OK...thankyou...it kinda stands to reason. Not sure what the 2 hectare angle is...will check..but cheers to you all.
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    Tax on sale of IP

    tax on IP sale Hi, we haven't lived in it...had it rented from the first opportunity after inherited.. Pop passed in 2008...he bought in 1984/5...under 30k...value in 2008 @245k...rented till now..value now under 220k..more or less...under 3 acres.. Cheers
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    Tax on sale of IP

    tax on IP sale Thanks for everyone's input.. OK so if Pop passes his PPOR to us...then we turn it into an IP..and now 6 years down the track...we try & sell...and the value is less than when we started...CGT Loss..? Cheers Mike
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    Tax on sale of IP

    tax on IP sale Thanks... I will try & check the date that Pop bought it..might be prior to 1986..hope so..
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    Tax on sale of IP

    tax on IP sale Thanks...we had agent appraisal at the time $245k...then pro valued 2013..$195k Now..somewhat less than 200k....if sell for eg.200k..I get 100k...not counting costs.. Then the 100k goes on top of my taxable income..eg 100k+ 100k..= 200k taxable income.. Correct?..not...
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    Tax on sale of IP

    tax on IP sale Thanks for both replies...own with relative 50/50 ..inherited in 2008..worth 20% less now....rural. Cheers Mike
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    Tax on sale of IP

    Hi, Are the proceeds of an IP sale added to one's income?..if so... Is there a solution to avoid this legally?..add to super?..buy another investment?...any advice appreciated.. Cheers Mike
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    Handyman Warranty?

    Thanks for all the replies and advice....I'll see where I go from here and let you know.
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    Handyman Warranty?

    Thanks Guys. We had used him for other stuff, and he was confident he could do the job..we trusted him...wasn't a lot of Plumbing involved - mainly Tiling, painting. I've had the sparky out and yet the shock problem persists. We were quoted 5-6k to redo the shower..fair? Thanks again.
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    Handyman Warranty?

    Handy-unhandy-man Hi Guys, Thanks for your replies - He was cheaper - H men usually are..Tradies are hard to come by in the country..he's well known to all the agents and most people like him...he was doing lots of work for us at the property..all paid quickly too.. so, I can't...
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    Handyman Warranty?

    Hi, 2 years ago I had a handyman renovate my Rural IP bathroom/shower...This person had an ABN no. and I paid all my bills via cheque or Bank Transfer. The Shower recess started showing signs of leaking within 6 months. The Handyman refuses to return...ignores my emails/texts.. The...
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    Buyers market - no one is even LOOKING at my house!

    Also, if you persist in selling..get some photos of the Kitchen/bathroom/laundry/garage these are the areas that sell...women want the first 3 and men need a shed..so, show'em off.
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    Buyers market - no one is even LOOKING at my house!

    rent it If your agent isn't giving you feedback on what the market is doing/thinking/planning...he's not a good agent. If there's no market..(and you can check this by driving around and checking the 'for sale'/'sold' signs)..think about renting it out whilst you go & try living in...
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    Anyone attending the Dymphna Boholt talk fest Feb 6 in Sydney?

    Us Properties Youtube is a 'good source' for checking out U.S. properties...there seems to be lots of houses/units <20k...bargains..but will they rent? check out the guy called shea in Detroit... he finds houses/renovates/manages/collects debts etc etc...all the legal stuff is a bit...
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    Discouraging ghost bidders at auction

    ghost bidders At Auction..in most cases, the property has a reserve price..until this is reached, the house won't sell..so, does it really matter how the bidding gets there, so long as it gets there..this depends on how many people show up, how many dummies are planted by the vendors/agents-...
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