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    NRAS tax offset certificate included in Variation?

    Good morning. last year i took possession of an NRAS property. I had been told that i could include the tax offset grant of over $9000 in my variation. Then later was told no, had to wait until receipt of tax offset certificate, and lodge with tax return, ie 12 months in arrears. I now have...
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    CGT after transferring between ex partner

    My ex partner and i have had conflicting advice from our respective partners. Who is correct? We split up and divided our investment properties with a legal agreement. my accountant made me get letters of market valuation as at date of separation and details of costs etc, stating that...
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    Cgt

    HI, hoping someone can answer this question. IS CGT payable when transferring jointly owned investment properties to one partner in the case of a domestic relationship breakdown? Both were owned jointly and will transfer to one partner, one property has made very little capital gain, the other...
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    Stamp duty in case of transfer to an EX partner

    Hi, my partner and I have broken up. I understand we can get some sort of document to avoid stamp duty in the case of a defacto partnership and transferring/ie refinancing properties between us. Does there need to be one document for each property as we may use different financiers? Anyone...
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    Melton Vic.

    Werribee also a spread out town, with "good and bad" areas. But excellent low vacancy rates. and if you head towards the water,.. they are building a marina there. We all know what happens towards property near the water.! And only twenty mins drive to CBD or by great train service. All...
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    Melton Vic.

    Werribee and western suburbs Id love to buy in Melton but already paying too much land tax in Vic.. Melton has a lot going for it. the infrastructure with freeways and the like and new shopping centres going up is good. it was featured ina recent API magazine. its a "satellite city" there is...
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    Repair or replacement? for depreciation/write off

    dual flush toilet cisterns. i want to install in some of my houses.. how are they treated for tax purposes? some of my houses have a co-owner.. some are singly owned. thanks in advance.
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    Recommendation for Good Accountants in Melbourne

    accountant in Melbourne do no pass GO. Go straight to James. hes the best.
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    Repair or replacement

    capital works or depreciate fence thanks for your great advice, we werent sure.. much appreciated.
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    Repair or replacement

    brick fence at the front of the property is only 2-3 bricks high with brick piers at either end. . About ten years ago there were bricks as high as 80 cm all the way along and over the years theyve been broken, knocked off, by tenants, vandals, old age etc.. If I replace this with a wooden...
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    Rent Reliance. what the?

    trying to buy our tenth property. afer asurance that we were in great positon. ie great LVR, excellent rents and incomes, we made an offer and had it accepted. this was early September. still waiting for our loan to be accepted. using non bank lender. first they said they didnt accept ourself...
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    Buying in Frankston North

    North Frankston i bought in N Frankston 2 years ago after seeing its potential and am laughing all the way to the bank!
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    ABN Registration

    more ABn question if i might reply here to ask more questions abotu ABN, I just heard this week thats its quite legal to backdate an ABN ?? how does go about this and why, and are there any ramifications.? I still on full doc loans btu expect in some time (2 years?) might hit the...
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    Coloured house

    oh no, what will you do about this?
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    Depreciation

    hi all, my partner and I bought a joint property 18 months ago and my partner procrastinated in getting the dep schedule done.. now we are separating and have to do last years tax return as well as the current one. it is possible that I may buy this property from him.. I presume heh would...
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    Appraisal versus Valuation

    Hi, im in the middle of sorting legal stuff to do with separation.... and dividing our investment properties. what a pain! the ex has made me an offer but i havent accepted until I know its a good deal and had advice from my solicitor and mortgage broker so I can be sure of refinancing etc...
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