Recent content by mexican

Tax time I have just acquired an IP about 6 weeks ago. How many of these fees can I claim off my tax? I shoyld I say anything here I cant claim. I have earned rent 1800 -- fees 1400 body corp fees 600 local council fees 150 mortgage payments interest about 1100 per month at...

There is a 2 story house being built next to my parents house. It is on a subdivision and squeezes in this small are next door and looks awful. It comes right up against the fence with a retaining wall sitting 30cm from our fence. The house covers part of our back fence . They now have...

I was just told you need to have a smoke alarm 1M from every bedroom in the hallway. I have 2 alarms as the hallway doesnt service both bedrooms.

the guidelines for vic are where? I have an alarm in the hallway and I was told a professional knows where to place it and how to check it because someone was sued for millions over a faulty smoke alarm.

I have a smoke alarm in my IP in Seaford. The real estate agent managing the place has sent a request to get this looked at for a annual fee of $70. I am not sure the condition of the smoke alarm or battery. Is there a cheaper option?

I have paid about $6000 on a new kitchen and other repair job around my IP unit. Can I claim all this as an expense on a tax return?

ok but what is the depriciating cost? what is deprciating? is it renovations? I have about $6000 renovation costs with electricians,plumbers etc to get the place repaired

ok I get basic the gist . I didnt understand the depriciation cost and also is negative gearing factored into this as well?

Hi, I have just bought my first place and have to rent it out for about 9 months before i move in. I own no other homes. If I sell the place after 9 months I still need to pay Captial Gains Tax correct? Is there a way to avoid this?

ok but if live in the place after 9 months and it becomes my PPR then when I sell I pay capital gains tax durint the time it was rented. So I need to get the place valuated now , rent it out and get it valued after that point?

what about negative gearing as how does this work? I though NG was difference between rent and loan amount and that taken off tax. Now if IP has loan interest coming off the taxable income then that is huge. This is my first property with FHOG . I am looking for a catch.

To increase income I have the rent and also I would need to find another job. Increasing assets is better but I need more income I have the FHOG and doesnt this disqualify me from claiming these deductions?

I have just bought a property and cant move in until feb next year. I am renting the place out and I have the FHOG. How can I avoid paying tax legally on the IP because about 30% rent will go on tax.

Flat packs need to be measured up as I found. A;lso I need to move the stove as well. Bunnings quoted about 3.7k

Hi, I am going to lease the place out with a company/real estate agent. I am chosing between hocking stuart and Barry Plant. Both say 6.6% cut per week and 1-2 weeks initial lease fee. THis is OK?