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In some of Scott's (Depreciator) posts, he has mentioned that you can self assess asset values yourself. How do you so that and what information/assumptions will the ATo be expecting? Also, can you do all assets ie assets <$300, low value pool ones, assets >$1000 and building construction...

Thought i would start a new thread. Based on the previous thread on low value pool (LVP)here, I had some thoughts. What do you learned tax people think about these scenarios: Scenario one: I buy an airconditioner for under $1000 and install it in my IP. I add the A/C to the LVP...

Q for tax expert- write offs from Low Value Pool Following on from quiggles post I need some more clarification. As the tax clock ticks away and I get more frantic trying to finish my tax return, I've hit a problem with the low value pool. 2 years ago, I added $5k in assets to the low...

Hey 1Putt, I am such a sophisticated investor that I didn't even know that the term sophisticated investor has a specific meaning in investing rule!!!!! So, no bowing necessary! ;) Now, where is that darn spellchecker thingy on this forum......

More questions! Hi Steve, Thanks for a great launch last Friday night (the snackies were yummy!). I've got a few questions about NavraInvest - If I place my investment via NavraInvest into the Navra retail share fund with monthly automatic deductions, will NavraInvest charge a...

Thank you A big thank you to Dale for donating his time and effort last night. His talk was most interesting and valuable as he was able to explain trusts so that even little ol' me can understand them. Dale you are a gem!

Dale, Any thoughts on my last post? Thanks.

Good to see that Dale hasn't forgotten us in Canberra! The dates are all good except Friday 4 April. Hubby and I look forward to it. Happy to help out as well. PM me.

Jacque, I have been wondering about W all weekend. Is she and her family okay and is their house still standing?

Howdy All, I too filled in the questionaire not expecting anything..but lo' and behold, a book turned up in my mailbox over the weekend. I read the first couple of chapters and think it is okay so far. However, I was most confused by the space saving catelogue. I understood it was...

Hi Dale, Thanks for the response. I've had another thought - if I get a QS to come in after all of the work is done and get it included into the report, isn't that a way I can make these items (powerpoints, light switches etc) tax deductible?

Hi Dale, Thanks for the response. As aceyducy mentioned, isn't the flue and hose a fixture and because they were under $300 can't I deduct them in the year of purchase?

Hi Aceyducey, Most things that I bought were small things - tin of paint, 3 new power points, light switch, weed spray etc. I did buy some more substantial things - a flue for the kitchen fan and garden hose and sprinkler. The reason I thought the power points would be tax deductible is...

I've just settled on a new IP on Friday - yeah! I have just spent the weekend doing minor jobs around the house - painting inside cupboards and general touch ups, installing a flue, changing power points, spraying weeds. All individual items purchased were under $300 and the house is on the...

Howdy all, With Christmas coming up, I thought it would be nice to get my business associates (especially the ones that give their time freely.....don't forget the moderators of these forums..;)) a gift. I understand that this is tax deductible but I'm not sure of the $ limit of each...

Buying from Jenman Asy, Funny you should have that experience with trying to buy from a Jenman agent....I had a very similar experience when I bought an IP about 12 months ago. I spotted the house on a website (they now no longer advertise) and I rang them up. I told them that I would...

Errr...excuse my ignorance - what's the answer to this question??? 2. If I use an offset account linked to an IO loan for my PPOR, what loan amount is tax deductible if and when I move out of the place, convert it into an IP, and use the funds accumulated in the offset acount as a deposit...

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