Exciting times and a clear sign of Ian and Jan's credentials to allow their baby to grow up and walk away and leave home. Obviously PropertyChat...
I reckon PI is fairly reasonable too. My broker tells me PI policy costs are under cost pressure as some insurers have pulled back. I dread to...
A capital cost of acquisition. Non-deductible.
If you have the AUD value (ie drawn from a local account) then use that since its known. If not use monthly average (ie drawn from a UK account)....
If you don't have a PPOR loan then the offset may be a trivial issue with limited benefit if its against the IP. A offset on a IP is a fairly...
I have many mining and resources FIFO, WA / QLD clients who are also SS users. Some IP owners and others PT devs. The location of the tax...
It would be subject to what these repairs are. Some can be capital in nature. eg replacing carpet. Other deductible yes. ie repainting walls. The...
You are assuming that the deduction is based on the name the loan is in. It is the legal title that determines deductions. Loan can be in three...
As a property focussed tax adviser I see a large range of client issues through SS. Many taxpayers over estimate or under estimate claims based on...
HIV ??? Woah. I wouldn't want it either.
There are specific SISA provisions that allow the SMSF Trustee/s to also be party to a lease / contract. Its got nothing to do with bare trusts as...
Wow - A question no SMSF trustee should be asking. A sign of further problems I forsee... - Trustee declarations and written consent -...
Fully lucky's place ?? Depreciation on all those beds must be so exciting. Now if they just thought about hot bedding....Chance to double the...
Its a bit like statistics. Did you know 86.54% of statistics are made up.
I had such an issue and the repair agent came next day and rather than repair and fiddle about it was replaced then and there. I had a Harvey...
Its not intrusive. Doesn't take long. They will walk about and focus on fittings + finish. Photo's of "walls" really. Some notes. No reason to...
Disgraceful waste of the planet and scare resources...I assume you have cut off your water and power at home and lead by example ? :D
Explanation : Spruikers tell mug investors they get a wholesale price to move a number of properties and any profit they make is out of that. They...
Not at all. That's asking for a problem. Also a business can only deduct expenses necessarily incurred in it earning its own income. Not yours. No...
Your lender has just displayed why they aren't allowed to give tax advice. They are 100% wrong wrong wrong. You don't want a loan that is...
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