Search results

Hi Guys, I need the services of an accountant who's knowledgeable about property investment and relevant aspects of property-related taxation: eg deductible expenses, depreciation and CGT. Best if he/she is in the eastern suburbs of Melbourne. Am happy with my current accountant but he is...

The house's original outer material is timber, but a veneer of bricks was placed around the house as an 'improvement' in the mid-80s...the issue I'm told is not age so much as the impact of drought over time...and probably rough workmanship. In Ballarat movement in floors and brickwork are...

Hi Everyone, Is your property cracking up? I've long thought of brick and brick veneer as a superior (maintenance) material compared to timber, but recent cracking problems have me learning all about the expense of underpinning and repairs to brick walls. I have quite a specific need: to...

Thanks for all of that. I kind of expected that pre-purchase expenses are limited to the usual range of establishment costs...as for post-purchase mileage and accommodation, I was unsure as to whether the ATO was prone to be skeptical. Am considering sub-dividing the property and travel to...

Just need some help with some questions on property-related expenses and deductibility. Before buying two IPs in Ballarat recently, I made many trips there (250kms per return trip) from Melbourne solely for the purpose of checking properties and negotiating purchases. That is, these expenses...

Hi Guys, I need a building inspection done as part of a prospective purchase in the Bundoora area. Anyone know of a good business or individual that they would recommend? The last building inspection I had done was in 2000 and although the building report was in template form (pre-set...

Doozer, Got some spare time on my hands so I had a go at answering your questions in some detail... Q 1. Most clued-up investors want to reduce non-deductible debt whenever they can - so typically they will pay down their owner-occupied /personal loans first. But paying down investment...

Doozer, A bit more information... Purchase price of IP2? Are you OK about paying LMI on both loans (to avoid cross-collateralizing IP2) if needs be?

Can anyone recommend an accountant who is tuned into property investment related stuff - specifically CGT, rental property deductions and trusts etc. Must be able to put up with dumb - as well as occasional inspired questions. This probably (no, definitely) means that they are keen property...