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Thanks for your replies. Regarding travel related to capital items or repairs would the 'travel' for this be part of the 'repair' or 'capital work'. One would assume that the ATO would not be happy if the travel and parts to do the job = more than the cost of a tradie to do the job. I...

Hello, Just trying to get a better idea about travel expenses for rental properties. I have been under the impression you can only claim one trip per F/Y to your rental property if an agent manages it (which is a long way so includes airfares/hotels/hire car). However what about if you...

Yeah i mean you know your income is going to be way less in the next few years due to going on a big holiday, having kids etc not just you think you may get a few % pay increase next year :) something that changes your tax bracket at least once if not twice or more.

I imagine next time i try to squeeze all my banks for lower rates they wont be coming to the party :( Luckily ive squeezed them all many times previously and gotten some reasonable extra discounts already :)

I disagree. I believe most of the time DV is better but some cases its not the best. Primarily if you know your income will lower in the next few years than in the years after that for whatever reason. To DV in that case would be burning up your depreciation for less return aka tax saving (or...

What about package discounts with ANZ? @ the SVR surely there business from people without OO will drop by about 99% because they will be almost 1% above the competition. Perhaps banks are trying to push people in Fixed rates to lock them in.

Hello, Has anyone seen any attempts to remove discretionary discounts people already have on their IP loans or push rates up for existing IP's any other way? Anything about higher fixed rates for IP vs PPOR if people want to fix existing IP loans? Cheers, Smallbuyer

I agree in most cases all DV is the better option. In my opinion their are some cases though when a mix of PC and DV or even all PC may be better for example if you income will be low for the next few years and much higher after. Seek your own advice on this. It is good to be sure it is...

Thanks for your comments Anyone else got a view on my original question? Is it fine to have some Prime Cost and other Diminishing Value depreciating assets on the same property?

Hello Paul, I lay no claim to being an expert but I do have a reasonable level of knowledge and experience in this area. I also know enough to ask questions on this forum :) If you note I asked two questions as I couldn’t find a definitive answer and this forum has people with a huge amount...

Hello Paul, This is a new building that I have built and the builder provided a breakdown of prices for various items they 'included' in the build. I know what the actual costs are of the various items so my understanding is a QS or anyone else can’t change what these figures are. There is no...

Hello, Thanks for all your input. I think being able to have as much choice as possible and to be able to push depreciation between years a bit would be good for some people. For most the getting it ASAP is a good idea but some may have low income for the next year or 2 (eg having a baby or...

I have a few questions about tax on residential investment properties I was hoping the experts here may be able to shed some light on. I have researched these quite a bit but I haven?t come to answers I?m 100% with: - Is it fine to have some Prime Cost and other Diminishing Value...

This is turning into a joke. Govt has figured out they cant make a 6 mth waiting period for the dole so they have targeted NRAS instead. How about 6 mths of penalty rate interest? On another note i hear red tape has gone mad under this govt, seems they only cut red tape for big multinationals.

thanks Rolf

interesting to see such big discounts. anyone know what sort of discounts are people getting out of macquarie and st george with under 80% lvr over 700k lending?

Any chance of them paying penalties on this delay? These delays have cost people a lot of money (and stress). They certainly charge us interest plus penalties if late on tax or pretty much anything else we need to give them. They usually dont take excuses for why we are late either and...

Thanks for your replies. The other question i suppose is how does the job vary between different QS's? Do they usually gave a similar result?

I was looking at getting a QS to do a depreciation schedule on a house in Bunbury. Does anyone have any suggestions on someone good to deal with their and the likely price. Will Perth QS's do this? Cheers SB

Hello, thanks for your replies. It is in relation to Painting it. Certainly has ventilation now, not sure how much for the last 3 months though. I think Perth has been cold and a least fairly wet.