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  1. DaleGG

    HDT Update

    :D Further to NickM's post on the InvestEd forum.... Last year; we had the tax office ask for a lot of information on the HDT that we use in relation to about a dozen clients. We provided all the usual information and the tax office went away for a little while and then came back and...
  2. DaleGG

    2007 tax planning ideas

    Hi The following will be posted on our web page within the next week. I hope it is helpful in some small way.... 2007 Tax Planning With the end of the financial year fast approaching, the following brief thoughts might be useful for you to do something about reducing the amount of...
  3. DaleGG

    Music - blasts from the past

    Hi We have an iPod at work ande try to keep the music varied and entertaining. Recently, we added: Dinah by TMG (Thanks Rick!!) The Newcastle Song by Bob Hudson Farewell Aunty Jack by Graeme Bond Sit on my Face by Monty Python The Lumberjack SOng by Monty Python Obviously, there...
  4. DaleGG

    Hybrid Trusts

    Hi Naturally, I have given the issue of HDT’s a lot of thought of late and especially in light of some of the recent private rulings and discussions on this forum. Before, I comment too far, please understand that: 1. I personally use HDT’s to own some of my IP’s and in doing so; I too...
  5. DaleGG

    Volcano

    Hi We have just returned from 9 days holiday on Vanuatu. Whilst the rain was a welcome relief from the dry here, it did get to be a nuisance. However, it did not stop us from climbing to the top of a live volcano (Mt Yasur) not stop us from taking the attached photo. Wow!!!! What an...
  6. DaleGG

    A fantastic read!

    Hi I just finished reading a book that I highly recommend. It is: "Don't *****; just get rich" by Toney Fitzgerald. The book walks through a self development class that Toney ran and explains that essentially we are all in one of two matrix. We either ***** about our lives and our...
  7. DaleGG

    10% Rent Increase

    Hi One of our tenants moves out today after renting the home for the last 4 years. The PM has 4 prospective tenants inspecting it on Wednesady in an "open house" environment and has advertised the property with a 10% rent increase from the old tenants. Another $100 pcm income...
  8. DaleGG

    Another Good Read

    Hi I have just finished a book that I can recommend to you. It is called: "Not one dollar more!" by Joseph Cummins. The book looks at negotiation tactics and in particular at negotiating on properties. It also looks at typical real estate agent behavioural types and how to deal with...
  9. DaleGG

    Buying in South Australia

    Hi I thought that I say how proud we are that we have just bought another property....our 9th. This one in SA. We have used the services of Angelo Mena from Creative Real Estate Solutions and have been incredibly proud to deal with a professional of his calibre. Angelo has displayed...
  10. DaleGG

    Tmg

    Hi I was wondering if anyone had a CD from a LONG time ago.... I am looking for: Ted Mulry Gang's "Stuttin" for one particular bsong that is a fond memory of my youth...."Dinah" If you do, and would be willing to share, I would be very grateful and quite willing to compensate you for any...
  11. DaleGG

    Water Saving

    Hi We have just paid for all of our properties to have water saving devices installed in them as part of our personal attempts to make a difference; and, as a way of assisting our tenants to save a few dollars. This has been really well receioved by the tenants on both fronts and I can...
  12. DaleGG

    Compound Interest - New ATO Ruling

    Hi The ATO have issued a new ruling that is good news for investors wishing to compound interest on their LOC.. Here it is in full Dale --------------------------------------------------------- ATO Interpretative Decision ATO ID 2006/298 Income Tax Deductibility of compound...
  13. DaleGG

    Looking for a new PM

    Hi After quite a few years with the same PM it is now time to change after a change in management and staff at the real estate agents who look after three of my properties in the outer eastern suburbs. So, I was wondering if anyone could recommend someone to me in the outer eastern...
  14. DaleGG

    Ouch!

    Hi I just had to pay $493 to a PM in Perth after sacking them due to their incompetence. Yes, it is technically correct and legal in WA based on the standard agreements and compensates them for the loss of income from not (mis)managing my property. It is not morally right though.... I...
  15. DaleGG

    The 4 C's

    Hi I heard a banker talk some time ago about the fact that most banks look at 4 different C's when assessing a loan: If I remember correctly, those C's were something like: Contract Credit worthiness Capacity to pay Character The first three are pretty straight forward but what...
  16. DaleGG

    Landlord Paying the tenant

    Hi Yes, that is right. As a landlord, I have recently paid my tenant in my WA IP one weeks rent because the property manager took too long to install a new oven which meant that my tenants went without an oven for a whole week. Why? To restore goodwill and show the tenant that I care...
  17. DaleGG

    More potential headaches for borrowers

    Hi Following on from a fascinating article given to me recently where the Law Society in WA has recommended that its members NOT sign declarations of legal advice for people borrowing money or acting as guarantors.... This article is in the current newsletter to accountants from the NTAA...
  18. DaleGG

    Thank you, Ian & Jan

    Hi It was brought to my attention that this will be my 3,000th post on this forum and as such, I wanted it to be an important one..... Although this is a trifling number compared to some of us here, I did want to use this opportunity to say thank you to Ian & Jan Somers for allowing all of...
  19. DaleGG

    Capitalised Interest - Recent Court case

    Hi In a recent court case, a judge was asked to consider whether interest capitalised over a 10 year period was tax deductible, or not. In short, he held that the nature of the interest had not changed; it still held its character as an outgoing incurred in earning the tax payers income...
  20. DaleGG

    OMFG!! I am a grand father

    Hi Just before 2pm this afternoon, my daughter Lisa gave birth to my first grandchild. A little girl, Breanna. The important stats were: 9lb 4.5oz 51cm long Yes, a big baby. Wow!!!! What an incredible day. If I can work out how to do so, I will post a photo soon Have fun Dale
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