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Hi I have just sold my PPOR and will moving into an IP which I have owned for 3 years. This will become my PPOR. How will this affect the capital gains tax on the IP if I should sell it at some time in the future? Thanks Luc

Hi I have been self managing one of my IP's but due to travelling for 6 months I am passing to a PM. The letting fee seems quite steep - 8.5% on the term of the lease (up to 12 months). The property will be let at $150 per week and this adds up to $705 per annum (with the tenant...

Hi I am off travelling for 6 months next year and will be renting out my PPOR. The property was built in 1988. If I claim the capital allowance for the building, will I be charged CGT when I sell the property? Will the depreciation be taken from the cost base? (I may be selling it when I...

Hi I have a 6 month fixed term tenancy in place on one of my IP's, ending 8 Jan 2003. This IP is managed via a property manager. I will need to have vacant possession at this date as I and my family will need to move in for a while (it has to be this date, not later or I will incur storage...

From: Lucinda Hudson Hi I have an older IP which I now have to have connected to deep sewerage from septic, which is going to cost about $2000. Does anyone know how this is treated in the accounts? I have rung the ATO but they really do not seem to know. Any ideas? Lucinda

From: Lucinda Hudson Hi I will be settling on an IP next week. The current owner would like to rent it back for 2 weeks (which is ok by me) to coincide with the settlement of her new property. What can I do to ensure that she leaves when she says she will as I need the property by a certain...

From: Lucinda Hudson Hi I have just purchased my 2nd IP and am looking for a good property manager in the Cannington area of Perth - any suggestions? (I manage my first IP myself with no problems) I have rung a few property managers and the going rate seems to be 8.5 %. Is this standard for...

From: Lucinda Hudson I will be going travelling for 6 months next year and intend to rent out my PPOR. The current loan has been reduced from 145 k to 85 k and I estimate it will be about 70 k when I go. From previous postings I note that I should be able to clain interest on 70 k which I...

From: Lucinda Hudson Hi I have been looking at the defence properties and they appear to be a good investment ie rent pretty much guaranteed for 12 yrs and no tenant hassles. They will also allow me to purchase outside of my state (WA) without too much difficulty. Has anyone had any good/bad...

From: Lucinda Hudson I have 1 IP (which I manage myself) and was lucky enough to inherit a very good tenant. I will be purchasing more IP's but would like to ensure that I get good tenants. I note that not much has been mentioned previously about bad tenants - does anyone have any advice in...