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Just had a look at the 'Partnerships and Trust tax return instructions 2009' from the ATO website, and it looks fairly clear that you don't hold back any tax if they earn less than the $2,666 for 2008/09. (refer pages 116 - 120)

I was more thinking of it from the point of view of the child's tax and whether the rebate is reduced as it was not alive for the whole year, rather than the legitimacy of the distribution.

a quick related question If a child is born during the year, can the trust still distribute 2,667 effectively tax free, or does it need to be apportioned based on the date of birth? Returning to the original topic - Based on the last post I take it that the conclusion is the trust has to...

if its working one day and not working the next, and you've tried resets etc, then i think there's a reasonable chance its a hardware failure in your wireless router. if you're going to replace it, my current fav brand is billion which has been bulletproof so far .. although i'm sure after...

shares? managed funds? LICs?

However, as soon as he saw an Evo X in the next few months, he'd puke on his shoes at now having to trade in the IX as it comparatively sux :) Also why a cayman? isnt that towards the bottom end of the porsche range? To get something good, won't you have to save and invest for a while, and...

depends .. what type of interest rate increase margin are you also factoring in?

Borrowing 80,500 for a PPOR would most likely mean that any interest incurred in future is not deductible. Why would you pay CGT on the 82k? you didnt say you had sold IP1 and CGT is only incurred when you sell an IP. Also what makes you think you could write off the 82k over 5 years in...

1) What kind of investment return on your share portfolio to you aim for realistically per annum? Do you try and beat the index? By how much? I aim for 15%, however, in any calculations use 10% as a more conservative estimate. The last 5 years have obviously been significantly better than...

i was going to say receiving 10 weeks rental income in 7 months isn't really good :)

i suspect the 'something you learn in the process' would be that you should be investing in quality stocks, rather than gambling. You probably get better odds going down to the casino with your $10 than playing the lotto too if you want to get a better, but still negative return. (i think...

I was trying to point out that your option is particularly risky, particularly when in a borderline situation. I did misinterpret your use of 'conservative' meaning that your past return is actually higher. I thought you meant that you conservatively (or even remotely) think that you will...

ummm 24% is not going to be a 'conservative' long term return in the share market i'd be very careful about taking the sharemarket route as a solution to cash flow problems!

is your PPOR loan split into 2 sub accounts? otherwise you're making a bit of a mess by making deductible and non deductible payments from it ...

i think fairly often the price does go up further even after the initial euphoria of the (potential) takeover announcement ... i picked up a few at friday lunchtime well after the announcement for 132 and then sold today at 143. may pick some up again if it dies down some more, but will...

wat letiha said ... its all deductible debt since you arent using a ppor so it shouldn't really matter where it comes from, so just pay off whichever debt gives you the most flexibility i'd say (or the highest interest rate)

you'd have to look up the ATO definition of contrived to say that .. and then the case law to confirm the interpretation of the definition

i suspect it may be because its not that easy to read, and if you targeted it at someone new they'd have to read it quite a few times to get it - maybe you'd need to put in examples. in point 2 you even mention 'wealth creation strategy' - is someone new to the forum going to even know what a...

i'd say most people would use a LOC ... If you are borrowing the 80k for the investment property it's already deductible, so why would you bother shuffling money in and out? if the 80k is a LOC for expenses to be used later, you'd just withdraw cash out of that account when it is required for...