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  1. K

    Cgt

    I've owned my Victorian IP for eight years. I lived in it for the first three years and I'd like to sell in approximately two years from now. Am I likely to pay capital gains tax on this? Being an IP for the last five years I have not paid much off the principal overall on this property...
  2. K

    Should I get a depreciation schedule?

    I bought a house in Victoria in 2007. The house is ten years old this year and I have not lived in the house since 2010. I have spent next to nothing on the house, so no renovations or any improvements have been made. My question is how will a tax depreciation schedule help me? and is it too...
  3. K

    Privately managed IP

    Can anyone tell me how I can recognise my IP in QLD as an investment property for tax purposes? My sister lives there and is paying me rent without a real estate agent involved. For my IP in Victoria I use a real estate agent and they send me a yearly statement which I think is called a...
  4. K

    Drawing up a private rental agreement

    I'm moving out of my PPOR and my sister is moving in. I'd like to put a rental agreement in place so I can claim on negative gearing at tax time. Can anyone point me in the direction of a template for a private rental agreement, and offer any further advice? Regards, Keifer
  5. K

    $500K. Inner City Brisbane. Suggestions?

    Hi there, My brother and I are looking at apartments in the inner city suburbs of Brisbane and would like to not go over $500K. We could perhaps stretch it out 5% maximum, provided no renovations are required. Would prefer two bedroom apartments with a view to rent out in a few years. I...
  6. K

    How can I make this work for my brother and I?

    My brother and I both earn over $100K in salary annually. He is in Melbourne and about to move into an apartment his girlfriend recently bought on her own and is currently renovating. He is not in the market but wants to get in. He has a $100K deposit ready in the bank and only a $10K HECS debt...
  7. K

    Using super to pay off investment property

    I was having a conversation with a guy on a recent plane flight and he was telling me about a government scheme whereby if you have $100K in superannuation you can put that amount into the mortgage of your investment property provided you prove you don't and won't live in that property. He...
  8. K

    Transferring property ownership to sole name and Brisbane lawyers

    Hi everyone, My wife and I married in 2006 and last month we decided to separate. We bought our first house in Melbourne in 2007 before moving to and buying in Brisbane in 2010. We refinanced and are renting out the Melbourne house and have been living in the Brisbane house. Both properties...
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