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Evening investors; I am looking for a bit of guidance here. I am looking at buying an IP in Auckland New Zealand and was wondering if anyone can shed any light on the Tax Depreciation laws/legisaltion there. Has anyone got a Tax Depreciation Schedule done on any IP in New Zealand...

Hi Michael; Your probably right about your view on buying off the plan. Maybe I should look at buying off the off the plan when the market turns. As for suburbs to buy in I am not to sure as when I have been to Melbourne I have onlt been in the city. So I would only buy a property within...

hi all I have decided to spread my wings and look at investing in the victorian unit market. I was in melbourne last week and was talking to the local selling agent and he mentioned that if i buy a unit off the plan I only need to pay stamp duty on the land value for my unit. Are there any...

Does anybody have any graphs outlining Aust interest rates preferably over the last few decades?

I am looking at scanning an obscene amount of files in my business, I am talking tens of thousands. Can anyone recomend a high power scanner that has a feeder capable of taking large bundles of paper. It will be a full time job for one person for a solid few months. Any suggestions are...

Mr Scott and Mr David; What if TB was to rent the property out say on a 6 month contract can TB utilise your method of claiming $1200 on carpet and all the other WDV (i like your abbreaviations Mr David) on all the other items? If this is the case i would weigh up the benefits of doing...

Get her to approach the bank to get an investment loan, then they will take into account the anticipated rental return (of the whole house and not just one bedroom). Then get her solicitor to apply for FHOG - dont do it through the bank. then she will have to move into the property to satisfy...

has anyone heard about new legislation enforcing the use of smoke alarms starting as of May this year?

Great, If your seminars are anything to go by, it should be a good read. cheers Michael

That looks interesting, I will be keeping an ear out for that show.

Hi Tyron; Just extending on my hypothetical situation I have found on the ATO website (http://www.ato.gov.au/individuals/content.asp?doc=/content/DSNOR.NNORWPS01.003670008.htm&page=3&H3) that I can go back and amend 4 previous tax returns that werent claimed, back to 2001-2002 financial year...

Hi Scott; Just throwing up a hypothetical here Scott. If I sold my property that I purchased in 1999 (It is after the crucial 1997 date) and I never had a Tax Schedule prepared on the property but I need to work out my CGT what path should I take in order to calculate the eligable building...

Hi Scott; I find your post to be quite an eye opener in the fact that you say whether or not building depreciation has been claimed or not it must be deducted from the cost base for CGT purpouses when you go to sell. If you havent got a depeciation schuedle prepared how is the building...

good day scott. Can you depreciate turf?

Hi plumtree; i tend to believe that capital growth will continue to happen (in the majority of areas in Aust). i attended a seminar in sydney once where they showed a graph of property cycle in england. the graph showed that property prices have double in value every 7-10 years for the past...

I have had tax depreciation schedules done on my places (BMT done them) and i only have one place prob built in the 50's. the gent i spoke to assured me that it would be worthwhile to do otherwise he wouldnt charge me for the report. i was suprised because they completed the report and my acct...

Have you considered putting each property into its own trust to keep each properties land tax below the threshold or just over the threshold?

Hi Gee Cee - i recently engaged a small firm to my report and also one of the larger firms BMT. (I used Emanual Petroh... - long name, sorry Emanual). i engaged them both to do a report on the same house of mine. It is a brand new four bedroom house. The smaller mob said that the total claim...

What are you suggesting there 'depreciator'?

thanks michael - i will be signing up to your syd seminar