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    deductions on freshening up IP

    Hi all, Yes I know there are better things to do on Boxing Day but the wife and baby are still asleep. Anyway, we have a 30yr old unit badly in need of a good freshening up. It needs a new kitchen (still original), painting and possibly carpet. The question is are these tax deductible...
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    Congrats

    Hey I'm in. And what a wonderful place to be! Congrats to all involved (Shame we can't get the emails we used to - but this sure makes up for it):D
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    tenant/manager dispute

    From: Ian Findlay Hi all, Hope someone can give me some advice as I'm stuck piggy in the middle. Our tenant moving out of our unit yesterday due to emergency family reasons which we are sympathetic to because we have not had any problem with her i.e. always paid rent on time etc. Most of the...
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    Investing for children

    From: Ian Findlay Hi all, I've recently had a baby (pride gushing all over!) and want to invest some money for his future. I want something I can invest a few thousand dollars in and then top up either monthly and/or ad hoc basis. It will be long term, perhaps 10-15 years so obviously I'm...
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    capitalising interest

    From: Ian Findlay Hi all, My understanding is that capitalising interest on interest on loans and then claiming capitalised interest (interest on interest) as a tax deduction the is a big no no according to the ATO. However don't we do this all the time? Banks calculate interest daily on...
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    Quantity surveyors

    From: Ian Findlay Hi all, Anyone recommend a good quantity surveyor for depreciation reports etc in Brissie? What cost can I expect for a 4-bed house? Ian
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    accountants

    From: Ian Findlay Dear all, I'm sorry but I can't let this go by . . . To avoid potential libel actions I will say no more other than I will never use Richard Clarke at Bernays Brown again. As far as we are concerned (and this is our opinion only), it was a very expensive and huge mistake...
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    Sale of land

    From: Ian Findlay This is a multi-part message in MIME format. ------=_NextPart_000_0014_01C1EDC6.CDF33460 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi all, We have a block of land in Brisbane's northside we want to sell for =~$90k. Does...
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    Discretionary trusts

    From: Ian Findlay This is a multi-part message in MIME format. ------=_NextPart_000_0048_01C1C496.510C8CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, Its been suggested that I consider selling our current home to a =discretionary trust...
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    tax return costs

    From: Ian Findlay This is a multi-part message in MIME format. ------=_NextPart_000_0023_01C18B0F.E9915270 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Can anyone give us a reasonable estimate what we should be paying for a =tax return...
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    Long Post Apology

    From: Ian Findlay Hi all and Happy investing, It has come to my attention that I may have inadvertently reposted a long post therefore wasting space and making things difficult to read. My apologies - my wrist is well and truly slapped. Ian
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    Lenders mortgage insurance

    From: Ian Findlay Hi all, Can anyone advise how lenders mortgage insurance is calculated. For example if property value is $150,000 80% LVR ($120k) = no insurance. However if 90% LVR ($135k) with an insurance premium of 1%. Does this mean 1% on the total $150k ($1500) or 1% only on the 15k...
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    Houses or units - $6 million question

    From: Ian Findlay Hi all, Debate time! There is conflicting advice out there whether its "better" to buy houses with land or to buy units. Stated advantages and disadvantages are: Advantages of house/land over units. 1. Land appreciates more i.e. capital growth 2. Limited land unlike units...
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    tax system for IPs - good or bad

    From: Ian Findlay Hi all, I agree with GoAnna. The tax system in Australia encourages IPs by giving tax breaks. This basically derives from the problems governments with housing poorer people. There are two options: 1. Encourage the private sector by tax breaks (Australia) 2. Build up...
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    holiday homes & IP

    From: Ian Findlay Hi All, Hope everyone enjoyed the long weekend we had here in QLD. Anyway we are toying with the idea of buying a holiday unit which would go into holiday pool with onsite managers down the Gold Coast. The idea being that we rent it out to holiday makers for 5 years or so...
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    CPA in Brisbane- again!

    From: Ian Findlay Can't believe no-one knows a good property CPA in Brisbane? Whats the matter, keeping the good ones to yourself? I'd prefer one who was investment property focussed if possible. Good hunting, Ian
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    CPA in Brisbane

    From: Ian Findlay Hi all, Anyone recommend a good CPA in Brisbane. I'd prefer one who specializes in tax minimalisation using IPs. Thanks Ian PS Tax minimalisation isn't my main reason for IPs but isn't it a great bonus!
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    Mortgage insurance

    From: Ian Findlay Hi all, Newbie here - whoops I seem to have got myself in trouble for using that term! Anyway what do folks think about the relative merits or disadvantages of using 95% LVR and paying mortgage insurance rather than the normal 80%. Ian
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    Anyone in Brisbane?

    From: Ian Findlay As a relative newbie (4 IP going on 5), is there anyone in sunny Brisbane interested in getting together to swap stories/strategies etc? Ian
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