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    Share trading

    When share trading, what details do you need to give to the accountant at the EOFY? Do you just give the end of financial year summary that an online brokerage account provides, eg. from Westpac/OpenMarkets, etc.? How do you manage to make sure that you are classified as a "trader"? Any special...
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    SMSF for trading stocks

    If you trade many stocks eg. daytrading via a SMSF, does the Audit fees become completely ridiculous because they will need to audit each trade? I believe auditors charge you depending on how many transactions your SMSF does.
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    Share trading while living overseas for a year

    Say you will live overseas for a year renting a studio apartment & your only source or main source of income (assuming making a profit) will be trading Australian shares, what can be claimed as a deduction when ATO tax time comes? Would I be correct in assuming: 1. Laptop 2. Internet 3. Phone...
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    Investing/Tradning the US stockmarket tax questio

    If you invest/trade the US stockmarket, how do you work out the purchase price & sale price? I'm presuming that you will need to keep track of the AUD/USD exchange rate on the date of purchase & sale date, or would you calculate on the date you transfer the funds to your brokerage account (but...
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    Insurance question

    I have noticed one of our insurance policies for a property held in a trust where we are personal trustees has the insurance policy saying the persons insured is "XYZ Trust" and this is the same for the name on the invoice. Should we get the invoice changed to "Person A and Person B ATF XYZ...
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    Land Tax - NSW

    Say you buy property in individual names in the below ways (Say you have 3 people in a family). By structuring your property purchases this way would there be no land tax since each way will get a land tax threshold? 1. Person A 2. Person B 3. Person C 4. Person A + B 5. Person B + C 6...
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    Audit of SMSF - how much?

    How much is reasonable for an audit of a SMSF that only has cash in the bank & one managed investment?
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    Non-recourse loan for a trust

    Can a trust get a non-recourse loan for 60% or 70% of the contract price for buying a block of units or townhouses, say 4 in a block? Would this be doable and if so, which lenders?
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    Signing a managing agreement - for a Trust

    When signing a rental managing agreement with an agent & this is done via a Trust owning a property, would be managing agreement be drawn up as only "ABC Pty Ltd" or "ABC Pty Ltd ATF ABC Trust"?
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    Commercial Property lawyer - Sydney area

    Does anyone know of a good commercial property lawyer in the Southwest Sydney or Sydney area dealing with disputes between a tenant & a landlord, as well their costs? Thanks
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    Trustee/Beneficiaries question

    For a discretionary trust, if it has personal trustees of say 4 individuals & those 4 individuals are the named beneficiaries of that trust, would that trust be still considered a valid trust, because in the trust deed it would have the standard "other" beneficiaries (father, mother, children...
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    Discretionary Trust distributions - NSW

    A quick question, if a discretionary trust has rental income for this financial year, all the rental income (excluding any GST collected (commercial property)) must be distributed before 30th June, is that correct? Or is it that only the intended amount or percentage to be distributed between...
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    Trust distributions & other questions

    Say you have trusts that only hold investment property. 1. Does the money need to physically be distributed to the (Discretionary Trust) beneficiary's bank account or (Unit Trust) unit holder's bank account? Can it still stay in the trust bank account but only distributed on paper on the...
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    Self Managed Super Funds

    If a family has 2 SMSFs setup with 2 members in each fund. The 1st SMSF had a bad investment & suffered a capital loss, therefore these losses could be deducted in the future. Down the track this SMSF ended up being closed down (to save paying fees on running two SMSFs) & those 2 members rolled...
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    Unit Trusts & property

    I've got some questions about Unit Trusts owning investment property in them, mainly from a tax perspective: 1. How does it work with the borrowing when a Unit Trust buys a property? Does the unit holders borrow the money, the property gets mortgaged & the interest get charged to the unit...
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    Insurance for commercial property

    Which insurance companies are good for commercial property? Would they be similar to the residential property ones or is this a totally different ballgame?
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    Agents commission - leasing out commercial property

    What are the typical percentage rates that you pay to real estate agents to manage your commercial property? I've read that some people pay around 4-5%+GST and that it is usually below the percentage paid for residential property. Is this correct?
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    Bank Accounts for Trusts

    A quick question about bank account check books for a trust, if the setup is ABC Pty Ltd AFT XYZ Trust, does it matter if the checkbook says: 1. ABC Pty Ltd AFT XYZ Trust 2. ABC Pty Ltd 3. XYZ Trust Or it can say any of those & it doesn't matter what is on the check book?
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    Superannuation Funds - holding property

    Since Superannuation Funds are a trusts, the tenant could sue the trustee, eg. if a tenant/visitor hurts themselves & the trustee would have a right to be indemnified out of the assets of the trust. Therefore, what about people who have their money in their normal employer's super funds that...
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    NSW Land Tax threshold

    This may sound like a stupid question, but say for example 3 people were to hold real estate in their names personally in equal ownership, would the land tax threshold be $406k per person? Meaning if the land was worth $300k, then $100k would be apportioned to each of the 3 people's threshold...
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