Recent content by skylynx

May not be properly related but a quick query. Outside of the normal 9% Super Contribution, If i contribute say 5% additional voluntarily (via salary sacrifice)....am I able to claim the 5% in the Deductions under section D12 "Personal Superannuation Contributions"?

Do I claim the following: * Land Tax * Council Rates * Water Rates * Insurance I'm reading the Tax Pack 2009 and I can't see where you can specify these, is it somewhere in section D (i.e. Deductions?). If so, where in particular? And how about repairs?

Sorry, so does it mean that all costs with the exception of the mortgage registration fee can be claimed as a full deduction this year?

Hello, When you purchase an existing property, the bank charges you mortgage costs, such as: * Transfer of Land Registration fee * Discharge of Mortgage * Mortgage Registration fee * Government Title Search Q: Can you claim all of this in the first year? Q: Do you need to apportion...

Does the same thing apply to rent.....if it's prepaid? E.g. your start a lease with a new tenant and they prepay 2 weeks in June and 2 weeks in July...do you have to count all 4 weeks into income for this financial year....or do you apportion?

If i've prepaid the insurance on my investment property (back in early June 2009) for the upcoming year (i.e. to cover 2009/2010).....do I need to apportion this or can I claim the whole amount this seeing as I paid in full before 30/06/2009?

I'm a FHB and interested in taking advantage of the FHOG/B on new properties either townhouse/terrace/apartments at around the $400-550k mark (minimum 2-bedrooms) in inner-Melbourne...(mainly inner North/East/South). I hope to live in it for a short period of time and rent it out afterwards...

Hello all, I have an outstanding Land Tax bill which I haven't paid. If I want to claim this in this Tax Year....do I need to pay by June 30th? What happens if I pay in August (due date on the form)? Does the concept of "incurred" apply here, since the land tax was for the 2008/09 year...

FHOG and Depreciation...though only if it is reasonably priced. I plan to live for 6-months then rent out. Just asked the agent at the development at 601 Sydney Road, Brunswick....2-bedroom apartments on the lower leverl are selling for around $440k new. Much lower than the Pearson one and...

Though most new developments in Brunswick seems to be selling around this price range...hmm,,, is there a better location elsewhere for new 2-bedroom apartments around the $400-500k area?

Is anyone aware of any upcoming new development in North Melbourne, whether apartments or townhouses?

What do people think of this development at 460 Victoria Street in Brunswick? It's in a pretty good location, quite and next to the parks. It's also a short distance walk to Sydney Road and Brunswick Station. They've got some 2-bedrooms selling around $470k+. Do you think that's too much...

Is there a no-excess policy you can recommend, most of the ones i've seen are quite expensive.

Playing around with the premium calculators at the momment; though not really sure what level of excess is appropriate. Is there a general recommendation or standard you should stick to?

I know we all say avoid LMI and only borrow 80%......but on second though, is it really that bad. Afterall, LMI is tax deductible over 5 or so years and will get you in the market sooner. Do you think it's the right time to use LMI or wait until you're certain that property prices increase...