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  1. Kathryn

    Laptop Recommendations?

    Does anyone have any recommendations on reliable laptops? I am looking for something that will allow me to run Quicken/Excel/Word etc as well as have a DVD/CD-RW drive and internet access. Probably at leat 40GB Hard drive. Aren't there ones now that allow you to dial up without hooking up to a...
  2. Kathryn

    Central Coast QS

    Can anyone recommend a good QS on the NSW Central Coast? Someone had posted a message before about one, but never posted the name. I got a couple of quotes today and a local guy wanted $600 for both properties (including GST), whereas DEPPRO wanted $600 per property (plus GST). I mentioned to...
  3. Kathryn

    What if....?

    What if instead of living off our LOC we just use the LOC to pay the mortage on the other ip loans and live off the income of the rents. I know we would be writing off interest from the loans, as well as the interest off the LOC to pay that interest , but is it possible? Sorry if it's...
  4. Kathryn

    Buying a cash bond...is interest deductible?

    If we use a LOC to buy a cash bond, is the interest on the LOC tax deductible? We are trying to decide whether to live off of our LOC and just let the interest capitalise, or buy a cashbond to live off of with the LOC so that we can write off the interest. Anyone done this before? Thanks...
  5. Kathryn

    NSW Land Tax - Watch Out

    I rang the OSR (Office of State Revenue) yesterday to clarify a few things about land tax and what I found out is: - It is calculated on the total value as an entity...in other words, if you own jointly with your spouse you don't use half the amount per person, you use the whole amount...
  6. Kathryn

    Gift Tax

    Does anyone know how much you can receive as a "gift" before it is taxable? My in-laws have both now gone into a nursing home/hostel and are going to sell their house. They may be giving us some of the proceeds of the sale. Just wondering what tax implications this may have. I thought you...
  7. Kathryn

    NSW Land Tax

    Hi all, Can anyone tell me if I have to initiate the lodgement of a Land Tax Return form or will I get one in the mail automatically? I bought a property in NSW that settled in December, so as of 31 December 2002 that brought me over the threshold and I will have to pay land tax this year. I...
  8. Kathryn

    Insurance for settlement

    Hi, I just rang an insurance company to get a quote on Home Insurance for a house we've just bought that settles Friday week. Since we're doing a reno and then selling, the house will be unoccupied. I was told that no insurance company would insure an unoccupied house. Should I say it's...
  9. Kathryn

    Minimum tax on a quick sale

    Trying to work out the optimum way to go about this....we just bought a house (settles in 2 weeks) and are going to do a quick renovation job and try and sell in February or March. We put the house in my name as I am the lower income earner and we are selling within a year. Can I claim it as my...
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