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Hi All Since I have done some research on buying IP through smsf I cant see any benefit, i.e. no neg gearing, very high IR, very high costs for bank to check trust deeds, I know theres no tax on cap gain when you sell after retirement but thats not enough inducement for me am I missing...

Hi All I need help, am in the process of structuring smsf trust but am having big problems getting idiots at several banks understanding that the company who is trustee for super fund wants to borrow funds for IP. Property we will be looking at is around $300,000, super fund will be...

Hi I have QS reports for my 2 x IP's, they both have some LVP and I'm having trouble with Etax, can anyone simplify? 1)I have run out of lines on LVP table, how do I get another table? 2)Opening pool bal from prev income year: Is this total cost at time of purchase (only bought this year)...

Hi All I need some ideas on structure for my next IP. I have 2 IP's now both secured by my PPOR, I don't have a LOC attached to my PPOR but have decided that for cash flow reasons I want one so that I'll feel more comfortable purchasing my next IP. Here's how it looks just now, any ideas...

Hi Sorry it's me again, getting into a fix cos tax time now! I've got bad debits tax amounts on prop mngt statements every month, can I claim these as deductions, also got sundries charge every month on same statements, do I add these into prop mngt expenses and claim or do I claim them as...

Hi Can someone help re deductions? I know that legal fees are not deductible but form part of cost base for CGT but where I am confused (again!!) is does that include everything on settlement statement apart from rates and pest control. i.e. what about the following: title office search fee...

Hi Can someone help? With the gst on Property management fees, qantity surveyors fees, insurance, advertising etc, can I only claim deductions for my 2 x ip's excluding the gst portion for all of the above (I think this is right but just need it verified, it doesn't seem fair). Also with...

Hi it's me again Just wondering if the bank is still going to lend the money as easily if I have trust structure. How does it affect their security over my ppor etc. June :confused:

Hi All Just wondering what sort of money are we talking about to start a trust and who do you see 1st Accountant or Lawyer? Also would I start trust from next IP purchase without including the 2 I've already got? Am definately intending to keep buying IP's so what do I do about this? Any...

Hi its me again:o Can someone tell me, re borrowing costs, I know these can be deductible over 5 years but whats confusing me is, can I claim 1/5 this year even though I only bought the properties in Jan and April, therefore I haven't had them a full year. Also does mortgage insurance come...

Hi Dale I may use a Perth Accountant for my tax this year but was wondering, if I come and see you say next April when I should be back in Melbourne re next years tax would flights be tax deductible. Also would I bring copies of docs you would need and for final expenses etc from April to...

Hi All Just wondering, is it normal to have to wait 4-6 weeks for QS report? I have been told this by Deppro in Perth. Have asked them to do my 1st IP and will wait and see report before I ask them to do 2nd IP. June

Anyone know if there is any group meetings of ip investors in Perth. Or is anyone interested in starting our own? June

Surely someone must know a really good ip accountant in Perth? Haven't seen anything on this forum yet re this. June:(

Help! Have only had my 2 ip's a couple of months and had repair problems already. Secretary from property managers office rang me today to say that my tenant (of 2 weeks) had an accident, sliding shower door came off and broke her toe, then asked me if they could send glass tradesman out to...

:confused: I had a loan for shares, secured by my ppor which I cashed in (made a loss) and then bought another ip, got mortgage of $100,000 for ip and paid $7,500 costs plus another $2000 to cost of house (ip cost $102,000). I used the money from the cashed in shares for the costs etc and...

Help! Re decision handed down in favour of ATO rejecting claim for depreciation re plant items on QS report, my question now is, would it still be worth paying for QS Report ?? Also, if I decided to go ahead with QS Report would I have to make sure QS know of this decision or is this a...