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I am currently self employed with a declared income of <$75K. I am not registered for GST. I have a friend who is in exactly the same position, but tells me he adds GST to his invoices and pockets it for profit, even though he has not registered for GST. HE also says his accountant has said...

Hi All When doing our tax return last week, the accountant asked if our investment property was available for rent the entire year (besides the time it was being tenanted). Next month the tenants are actually vacating and so we will spend a few weeks in there doing some maintenance, so my...

I went out to my rental the other day to do the lawns and when I arrived a saw a cat inside asleep comfortably on the carpet with the curtain half wrapped around itself! A cat was not part of the agreement whatsoever, I strictly said to the PM no cats, however they had a dog which i said was OK...

Hi All Settlement on my first IP is in a few weeks so I will be called on for a final inspection before this happens. Can some more experience investers give any tips as to what I need to be looking for or asking?? Do I have the right to make some noise and insist on repairs if I see...

Hi All I have a small weatherboard house which has a tiled roof in need of more than a couple of repairs, or possibly a full restore if I decide to try and greatly increase its value. If I decide on getting roof tiles fully restored, does anyone know how this cost stacks up compared to getting...

I read the earlier post about Govt rebates on solar hot water installations and roof insulation. Does anyone know how well solar hot water works compared to electric or gas hot water? Also, is the perceived value of solar hot water much better? Would it add to the sell price?? I have gas hot...

I posted a thread in a different category earlier about re-stumping our IP when it settles. My decision on getting that done now rests on the tax implications of that kind of building works. Is that considered a repair, or due to it possibly existing before I purhcased it, am I unable to...

Our first IP settles in a couple of months so we are in the planning stages of what we will and won't do to it before tenants move in. Its a 3 bedroom weather board house, we expect it will get about $230/week rent once it gets some new flooring, paint, tiles etc.. It does need to be...

Hi All As you know the interest paid on loans to buy an investment property is tax deductable (after factoring rental income, etc). Is this principal the same with a block of land, before and during the building of a dwelling on it? As there would be no rental income, all of the interest and...

Hi All, another newby here with lots to learn, and then one day I can help you all with my brilliant knowledge....:D If taking out a second loan for an IP, based on 95% of its value, you need to get mortgage insurance, which is added to the loan amount, right? Is this mortgage insurance tax...