Recent content by willy1111

  1. W

    Phones - land line/mobile

    Sorry...try the .au on the end efax.com.au. Website says $12.95 per month. But I pay $29.95 per quarter guess because that is what it was when I signed up years ago. They have never increased the price on me.
  2. W

    Phones - land line/mobile

    TMNT ... have been using efax.com for years at $30 per quarter aka $10 p/m. They give you a fax number and they send an email with the fax received as a pdf. You can also log into their website to check faxes and send faxes (just can't send faxes to 1300 or 1800 numbers). I found it the best...
  3. W

    Selling off the plan to a related party

    Thanks for your contribution Terry. I love how they write it in such plain english that anybody could easily read and understand that :o Would your interpretation of that act, mainly 32j be similar to Tigerboys above?
  4. W

    Selling off the plan to a related party

    Thanks Haas....so you don't think there is any issue with us both signing an off the plan contract of sale as directors of the vendor company and she signing as Purchaser? You can enter a contract with yourself? Well I guess technically a company is a separate legal entity so why not aye...
  5. W

    Selling off the plan to a related party

    Not really a tangent I want to go on Ausprop, but... We are currently renting and need to find a PPOR in the near future anyway. Benefits of keeping Unit 1 of our own developement rather than buying something else: 1. Personal input to design floor plan to our liking. 2. Personal contact...
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    Selling off the plan to a related party

    Hi guys, We are currently doing a 3 unit development. We set up a company for the sole purpose of the venture (family/discretionary trust as shareholder) with my wife and I directors. Purchased a house, intended to build 4 and sell all...however Council intervention meant we got...
  7. W

    Anz backdoor!

    What LVR did this leave on the remaining security?
  8. W

    Paying cash and Discounts

    Anybody seen the movie "the 100 foot journey" A few pearls of wisdom from a wealthy elderly Indian restauranteur "Only Europeans pay the first price" and "I ask for a discount, not because I am poor, but because I am thrifty". I also don't like asking straight up for a discount or asking...
  9. W

    Trust and Tax

    Or for a general overview, pick up a book. . . something like http://www.harpercollins.com.au/9780732291891/how-to-legally-reduce-your-tax-2011-edition I am not recommending or endorsing the book, but for those that know nothing about structures, it can be a good start to give you a better...
  10. W

    When to dispose off contract of sale

    I sold a property in most recent financial year - and my Accountant asked to see a copy of the original purchase contract. So yes, I would highly recommend you to keep them until at least 5 years after you SELL any property.
  11. W

    Capital rich (relatively) but income poor

    yc1 you are not likely to get traditional finance and normal resi rates as Peter has outlined. But don't let the stop you searching. You are looking for an asset lend basically which will be more expensive.
  12. W

    Cheap Carpet Melbourne

    I second this one. They also recommend/can book in a carpet layer - you pay the carpet layer separately at installation.
  13. W

    Development/Trading Stock/Sale Dates

    Thank you both for your response.
  14. W

    Development/Trading Stock/Sale Dates

    Hi Guys, Just looking for confirmation or otherwise of consequences of selling off the plan - contract signed date or settlement date . . . If I have bought land for the purpose of subdividing, constructing 3 townhouses with intention to sell and make a profit. Registered for GST and...
  15. W

    Lending on End Value

    Thanks Shahin, If I don't meet that criteria - does that disqualify me from the LMI waiver? ie I earn less than $150K (even with rental income) I am still studying my CPA - have 1 module to go which I expect to finish mid next year. I have a Uni degree and am working as an Accountant for a...
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