Recent content by mark213

  1. M

    The cost of tax accountant - is this reasonable?

    $253 for 1 IP and 2 personal returns for us
  2. M

    FBT on Novated Vehicle

    Re-financing was only for a year to work out what to do - we were in the middle of a few things personally so wasnt in the mood for sourcing a new car for another 3 years at that time......
  3. M

    FBT on Novated Vehicle

    Sorry if this isnt the right place to post this - just have a question on FBT liablity on my novated vehicle. My employer said there has been a shortfall in payments for FBT in 2012 tax year primary due to the valuation of the vehicle.... What happened was: When i joined my employee the...
  4. M

    New WA Smoke Alarm Rules & Maintennace

    Thats what I'm thinking. $100 is a bit of a rip off. Unfortunately i'm in QLD for a bit but will look at getting someone to go over and do it I think!
  5. M

    New WA Smoke Alarm Rules & Maintennace

    Hi all My agent sent me a letter on the new "rules" in wa regarding smoke alarms. I have already mains powered ones so thats ok, but they say that maintenance is also required at $97.50/pa. I can see why its needed - but is it legally required to be "maintained"? Considering what they...
  6. M

    New Security Door - Depreciable or not?

    Thought so thanks guys Do you need to "re-do" the schedule if its just this one improvement, once we decide to go ahead? Thanks Mark
  7. M

    New Security Door - Depreciable or not?

    All Probably been asked before and I think I know the answer just wanted a check Tenant has asked for a security door on the front of the house. We think its ok to have, but wanted a quick answer on depreciation. We have a schedule in place for the house, but as this is a new item is it...
  8. M

    Transfer of PPOR to Spouse (WA)

    Why - its still a PPOR
  9. M

    Transfer of PPOR to Spouse (WA)

    Thanks - FTB-A is on Family Income - including mine (cap of $101,045pa, and FTB-B is on my income which cant be above $150k pa. It will probably need some "re-structuring" to qualify for either!
  10. M

    Transfer of PPOR to Spouse (WA)

    Seems WA is exempt when transferring to Joint Tenants as Spouses. YAY :D 50% is better than nothing. Now to check with the Bank
  11. M

    Transfer of PPOR to Spouse (WA)

    Thanks JRC for the note, good to know on the CGT too. Am calling OSR now to ask if there is an exemption for "love and affection". If there is Stamp Duty then I think it wont really be worth it. On FTB-A and B I dont think we qualify for these regardless of the tax structure really. Will...
  12. M

    Transfer of PPOR to Spouse (WA)

    Hi All Our PPOR is in my name currently in WA. We rented it out in Jan 10 (its our only property) and we are renting in QLD. We got married in Nov 09. Problem is its positively geared and as its in my name am I liable for the 100% of the tax due? Her income is significantly lower than...
  13. M

    CGT Question...Help!

    Hi there Just a follow on qs... If it is your PPOR and your only PPOR then CGT doesnt apply for 6 years. After 6 years - is that the date that the valuation is set (and going forwargds CGT is calculated), or is it started from date it was a rental, or when it was purchased? Ie when...
  14. M

    New IP (Maintenance Question)

    Thanks for that. Yes thought it was a long shot for the builder now. The Agent is arranging someone to do all the repairs and lock change with one person so that should save. Property is in WA so its quite hard to coordinate without the agent really, so relying on them for the repairs.
  15. M

    New IP (Maintenance Question)

    Thanks guys - much appreciated advice!
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