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    CGT and trusts

    abc pty ltd atf abc trust Please correct me if I am wrong. The above is a trust. It is therefore in theory elligible for 50% cgt discount. (as opposed to a company which does not get 50% cgt discount) The trust objectives are written down that the trust is in the business of long term...
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    per km car deductions

    I know there is a 5000 km limit on car kilometre deductions. Does anyone know if this is 5000 km personal IPs plus 5000 km trust IPs. And if I have 2 cars is it 5000 per car? Stirling
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    Insurance on vacant units

    Can anyone advise on the best insurance company to insure a block of units. Given that they need some work and some or all may be vacant for more than 60 days. If I advise the insurance company after 60 days that they are still vacant they are likely to put up premium and there is nothing I...
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    for sale signs wanted

    Does anyone know where to get corragated plastic for sale signs with just "For Sale" on them and then you add phone number in texta. Other than on Ebay. North East Suburbs, Adelaide.
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    draft proofing

    I have a timber frame house with timber weatherboard external cladding and horizontal match board cladding internally. Both have 5 mm gaps in the cladding. This may be fine in Qld but it is in South Australia and a bit breezy. The internal matchboard is a bit of a feature and I did not want to...
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    wall cladding

    I am looking at putting in a 2 year old 3 BR transportable house on a block of land in a country town. Only problem is it is a commercial transportable. Council say it will look like a shed with it's vertical colorbond cladding. Council want some sort improved wall cladding and verandahs...
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    my s traps stink

    After the property being vacant for 4 weeks the s traps have a strong odour. Flushing water down them helps. Mainly smell from shower and laundry drain. I don't want to put anything too strong down them as it is a septic tank, with overflow into the town system. Any suggestions? Stirling
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    Overhanging branches

    The following email was received from PM. Property is in Logan Council QLD. "Dear Stirling, The neighbours of the property have contacted us once more to lop back the branches at your property next to 32 Ironwood Street. They have advised us that this is causing a rather large...
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    bargain of the week

    http://www.century21.com.au/plist.cfm?search=select&state=SA&region=any&propertytype=any&sbrb=COPLEY&pcde=5732&buyrent=buy&prcefrom=any&prceto=any Cost $9,500 Need to get rent of $20 pw to return 10% Maybe the First home owner could offer $7000 and use their first home grant to get a...
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    benchtops

    I have a 33mm particle board benchtop (factory miscuts) to install in a couple of weeks and I was wondering if it is worth sealing the back edge prior to installation. I will do the usual silicon seal after installation. The kitchen places say it is likely to be HMR and therefore not needed...
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    fixing interest rate

    It seems to be the optimum time to fix rates is after the RBA has raised its rate but before the Banks have. RBA - wed, Westpac -monday. I am with the big banks. Someone told me that smaller lenders sometimes only fix on a Friday or adjust fixed rates everyday to match the cost of their...
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    adelaide land tax

    I have noticed that my pt augusta property has 2 assessment numbers, even though it is 2 semis on one title. The SA Valuer General says they do this if two different tenancies. This means 2 council rates, 2 emergency service levy's, 2 land tax. How do property owners get on if they own a...
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    Settlement delay QLD

    In Queensland Can anyone tell me the consequences of a settlement delay by the purchaser. Delay is due to a bank being slow with a payout figure to pay out an existing loan. New finance is ready to go. Where do I reference information about settlement? Stirling (For a friend's purchase)
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    given the runaround

    I have a friend who is having trouble with their broker giving them the runaround. Not a broker on this forum of course, but one serving the southern area. The regulating body said they could not help as they were not a member of their organisation. As the date for finance approval is...
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    Cost of a transportable home

    I am looking at buying a 3br timber frame 1960 SAHT (85 squ m) on a 2000 square metre block 100 KM north of ADELAIDE. House was transported 3 years ago to the site. I am trying to work out the cost of doing it today to work out how much to offer? Cost of second hand SAHT $10,000 Transport...
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    building depreciation

    If a second hand timber frame building is put on a block last year and then the property is purchased by myself, does the depeciation of the building start from last year depreciating the second hand cost of the building, and depreciate over 40 years. Stirling
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    refinance

    I am currently at the limit for servicing my debt. Therefore looking at lo doc type loan. If I try to refinance, (increasing borrowings) at 80% valuation, can I impress the bank in that all the 4 loans with them work out to 70% loan/val ratio after refinance. Total loans/val is 65%. Bank...
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    wrap in country town

    I am assessing a wrap of a country property. My purchase price is $40,000 wrapee purchase price is $50,000 My interest rate is 6.5% wrapee interest rate is 8.5%. (I am assuming if wraps for $120,000 properties make $30,000 then wraps for $40,000 properties should make $10,000) My...
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    buying from trustee

    A business went bankrupt over 18 months ago. The business included the property which was put on the market. The main creditors are the ATO, council and a first mortgage and they jointly initiated the bankruptcy. The bankruptcy is in the hands of a trustee. I have made a low offer on the...
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    insurance

    I have purchased 2 x 3 BR semi's ex State housing, solid brick in a country town. 100's in the area. Purchase price $50,000. Land value is estimated at $5,000. Insurance companies assessment of replacement value is $150,000. Possible Scenario: Total destruction of 2 x semi's by fire...
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