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Hey, thanks for all of your replies. The EOI was written up almost identical to a purchase contract, with settlement terms and terms for us to rent at $x prior to settlement and with a deposit amount etc.. The deposit has been paid and the vendor signed. I am hoping it has some merit, I...

Hi This is the first time I have ever posted a question, but thought the infinite wisdom on this forum might help me out, too! Question is, partner and I have recently bought a house. Sort of... as some of you may know, when buying a house and land on an existing block that is being...

I like 4 and 5. A bit catchy, something that people may remember. Like Rolf said, it does depend on your target market. High net worth individuals may seek something professional and solid sounding whereas mum and dad investors and FHB may go for something catchy and a little unique...

Hi there! You really need to sit down with someone and speak about your short terms goals as well as the long term goals. You mention you are an inspiring investor - where does this come into the equation? Is your intention to have the business in one trust and the properties in another...

Hi The interest on funds used to pay for the stamp duty is deductible. The fact that it is capital or not is irrelevant in this case. Alysha www.gatherumgoss.com

Hi all SMSF roll-over is also being delayed because the system where SMSF are reported on Super Fund Lookup is being 'tweaked' early 2010 to wipe out scam SMSF's and one that aren't in compliance. This means that industry funds etc... are having to wait longer for new SMSF to be displayed as...

Hi! I did the course in about 8 months via correspondence, it was pretty cruisy and taught me a couple of things that I have retained and would use on a pretty frequent basis. Learning via distance ed is pretty good because you can learn at your own pace, but you do need to be a little...

Hi Lender mortgage insurance is a borrowing cost and is deductible over 5 years apportionate to the days relevant in the financial year. Ie, if you took the loan out July 31 the first year would be LMI/5 x 334/365 and the following years would be 1/5 of the LMI cost until the borrowing costs...

The units have to be redeemed at the market value of the underlying assets. Contact your accountant about their opinion of the value of the HDT and they can give you an idea of the tax benefits and pro's and con's. Alysha www.gatherumgoss.com

If you move out and then back in within 6 years you can claim the PPOR exemption for that property but whilst that one is considered your PPOR the newer one cannot be so if/when you sell that newer one you will be liable for CGT for the time that it was not considered your PPOR. Alysha...

Hi How you have separated the land and construction would be fine. The 'other' account I would generally have all legals and costs associated with the sale, or valuations done after purchase, things like that. Alternatively, these can just be added to the cost base but some people like them...

How many IPs do you have? Do you have a business as well? Sell any properties? Managed funds? Alysha www.gatherumgoss.com

Hi! Recommendations: For the LVP and depreciation, put both into the same expense account and use a separate one for each entity. The DR is to the depreciation - IP1 and then you would CR accumulated depreciation (a -asset account) the same amount. For capital works deduction you...

Master Four had a nightmare the other night and wanted his 'real mummy', he was convinced that I was a pretend mummy that had been taken over by an 'alien life force' and I had to answer a series of VERY technical questions and sing our special song just to convince him it was me! 45 minutes...

Hi I love to paint, used to do it all the time as a teenager, big canvas oil paints. I used to paint fantasy scenes and tigers mainly. Have been thinking about getting back into it lately, there's nothing as soothing as getting lost in something you love doing... Alysha

Hi everyone! I am also lucky enough to love my day job. I love the people I work with, the people I deal with and go home to my kids a very happy mum. I am also grateful that I never have a lack of motivation to get up in the morning and go to work! It helps that I deal with investors...

Hi No it would mean they are capital and added as part of the cost base to reduce CGT if applicable if/when you sell. Government fees and charges are capital and costs directly associated with the loan and lender are borrowing costs (and claimed over 5 years apportionate to the days...

Hi! You claim it against one income. Alysha www.gatherumgoss.com

Hi! From the banks that I have been dealing with for the warrants most residential LVRs offered are around the 70-72% mark and 65% for commercial. You would need more than the amount you have in super to be able to buy a house of that price. The legals and extra's can be paid for by the...

Hi Josko! Pure curiosity - how did you find the process back then? Was it relatively easy and has gotten slightly more painful or was it simple back then and gotten harder? Did you do it after September 2007? Any comments much appreciated! Alysha www.gatherumgoss.com