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  1. H

    re; Qualified Builder Internal Wall Requirements

    Is a qualified certified builder required to knock down an internal wall in an apartment complex ?
  2. H

    re; Objecting to AGM committee resolutions

    re; Objecting to AGM committee resolutions - How does one go about lodging an objection to the interim decisions of an Annual General Meeting ? i.e. what format, can it be via email or does it have to be a letter sent to the manager etc... - Also, If items resolved were not actually voted...
  3. H

    Is money received from a deceased estate taxable ?

    Is money received from a deceased estate taxable ? is the tax paid before the money is distributed ? or after ? or depends on other factors ?
  4. H

    Legal Liability of Body Corp Committee for Renovations

    Legal Liability of Body Corp Committee for Renovations I have a question about legal liability of a Body Corporate committee, terms of the decisions it makes on behalf of all owners, particularly if owners not on the committee are not prior notified of some of committee decisions or not...
  5. H

    re; allowing neighbours access to your land.

    I allow my neighbors to cross my land to get to other properties. Am I exposing myself legally ? i.e. if they have an accident or cause damage to my property etc ???
  6. H

    re; Refinancing and Mortgage Insurance

    re; Refinancing and Mortgage Insurance I was wondering what happens to the mortgage insurance you paid when you refinance a property ? Can it ever be recovered ? for example If you buy a property and then 5 years later refinance with another lender and the property is worth much more that...
  7. H

    Melbourne homeowners wage property tax protest

    People, I'm shocked by this proposal. Surely this could send some investors to the wall if applied retrospectively. People that have invested in land, to be hit with $95,000 tax per hectare sold might mean they make a loss on any property deal they make and if they don't sell and can no...
  8. H

    Is the $900 cash handout based on gross income or net income ?

    Is the $900 cash handout based on gross income or net income ? It's starting to look like I missed out, so Its looking like it might be based on gross income, I suspect due to paying capital gains tax last financial year which pushed my gross income over $100k.
  9. H

    When is it considered rental income ?

    When is it considered rental income ? EXAMPLE 1 If a relative buys a house and another relative lives in that house and pays it off for the person who's name it's in, is the payment considered to be rental income and thus taxable, i.e. if no formal or any other rental agreement exists ? or...
  10. H

    re; First IP property not waiving right to FHOG

    re; First IP property not waiving right to FHOG I heard that if you buy an IP ( i.e. investment property for rental ) as your first home, it does not waive your right to the first home owners grant the next time you buy a property to live in yourself. Is this really true ?
  11. H

    re; motor vehicle and tax related decisions

    re; motor vehicle and tax related decisions My car engine failed on the way back from my investment property last Saturday. The car engine lost allot of oil and I think it ceased up. In terms of mileage this financial year, I have used my car mostly for property investment travel, as my...
  12. H

    My tenant is about 1 month behind in rent. What to do ?

    My tenant is about 1 month behind in rent. Rent payments have been inconsistent for many months. Now can I do both these things together ? and does it make sense. i.e. as follows; 1. Issue notice to vacate due to the rent being over 14 days behind. 2. Issue standard notice to terminate lease...
  13. H

    Outdated names on lease - implications ?

    I have checked my lease agreement and one of the names on the lease agreement is outdated. i.e. one of the two people named on the lease, is no longer a tenant and the new tenant is not named on the lease. What position does that put the lease in ? Can that effect Landlord Insurance coverage ?
  14. H

    re; rental increases for casual lease - VIC

    re; rental increases - My tenants are on a casual monthly lease. State is Victoria. Q1. How often can I request a rent increase each year ? Q2. Can I set whatever rent price I want ? It looks like I have to wait 60 days for it to come into effect.
  15. H

    re; replacement of hot water system via tenant request

    I recently found out, that my tenant rang the emergency plumber to replace a burst hot water system. Do I get any say in this ? and in terms of the cost, which I'm yet to find out, can the plumber charge anything they want ? or is there a maximum agreed price ?
  16. H

    Can you negative gear a caravan on land ?

    Can you negative gear a caravan on land ?
  17. H

    How secure are solicitors trust accounts ?

    How secure are solicitors trust accounts ? If I pay money into a vendors solicitors trust account that forms part of an additional deposit on a property purchase, is that money secure if I fail to pay the money on time, as specified in the contract of sale ? i.e. Can the solicitor distrubute...
  18. H

    re; Paying extra deposit to extend contract

    In Victoria, if in purchasing property I wish to extend settlement date, by offering to pay the seller more of the deposit / down payment and the seller wishes the extra money to be paid directly into their own private bank account instead of their solicitors trust account, is this a legal way...
  19. H

    Rising Sea Levels and costal property values

    Rising Sea Levels and the effect on costal property values. This may be a bit of a "red herring" at this stage, but I'm wondering what potential financial implications could be in store for the future of low lying costal property, given issues surrounding global climate change and rising sea...
  20. H

    re; What constitues a TAX Reciept ?

    re; What constitutes a TAX Receipt ? according to ATO guidelines ? The reason I ask is that I have an emailed tax receipt / confirmation of payment for repair work carried out on my investment property, but it does not have any invoice number on it. It has the business name, ABN, the date...
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