Search results

Hi Depreciator, thanks for your quick reply. The $32,900 for the pool was the estimated value from a Building Permit which was included in the Section 32, is this suitable for caculating depreciation? How do I go about figuring out the written down value of other items like carpet, stove...

I have just purchased a property and am renting it out for 7 months before moving in. As the property will not be an investment for long, I don't know if it is worth getting a quantity surveyors report for the depreciation schedules? If not, am I able to self-assess depreciation? The...

Thanks so much for the advice, A lot of food for thought !~!!! :-)

Hi all, I am very keen to get into property investment, however I also recently got engaged, so discussions have come about now with my partner about buying a PPOR. I am now unsure of what is the best direction to take. I have decent savings (100k+), but no investments. Rent is expensive...

Ahh good point, something potentially worth finding out before making an offer! http://www.ato.gov.au/corporate/content.aspx?doc=/content/00262404.htm&page=27&H27 "If you've acquired vacant land (as an individual for private purposes or as an investment), it's usually considered a capital...

Hi guys thanks for the help/info !! I mean that after a year of holding, you get the 50% CGT discount when selling. Isn't it the same with a subdivision? At the very least, if the money from the sale of land goes into paying off the loan, there will now be less repayments & a higher...

Hi all, I've found a property with potential for subdivision, but am confused about two things: 1. Say the price/valuation is 250k, and a reasonable to assume (considering the market) that the land with the house is worth 150k, and the empty land which can be subdivided is worth 100k...

Thanks for the info !

Ahh ok, thanks for the info mate !

Thanks, I told him thanks but that it doesn't make sense will all the costs involved, with stamp duty at around 37k and CGT at almost half the value of the land its just crazy. He's offered to act as guarantor instead so I wont have to pay LMI. Out of interest - I've talked to a broker at...

Ahh thanks so much for explaining ! :-)

Hi Aaron, Thanks for the help - are you able to estimate or know how I can estimate what the CGT and stamp duty costs would be? Thanks

Hi guys thanks for the info. So if I wait for inheritance then there would be no costs? Or if I choose to get the land now then I would have to pay stamp duty (but no CGT?) Cheers

Hi all, My father wishes to transfer an empty block of land he owns to my name as a very generous gift to give me a head start in property investing. The land is in Victoria and has no mortgage (purchased about 13 years ago, now worth about $600k) Would CGT and stamp duty apply when...