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My 2c is that Harry Dent is NOT an idiot. He predicted the GFC well. As an optimist by nature myself, I find his views unsettling. However, for the first time in my (12 year) investing career I'm coming around to a bearish view. I hope Mr Dent is wrong but it seems there could be a lot more...

This is an interesting situation. Suppose I bought business premises. Would the total cost be used to get the rebate or would it be just the building (i.e. the depreciable part) and not the associated land content? What do people think? Bagg

Thanks very much Pat. I'll get my own advice now but its really helpful to get the good oil as a starting point. Thanks again, bagg

Hi again all, An SMSF question this time - I have done the searches but I can't find exactly what I'm looking for! I have an IP at present in my name. It is rented out currently. I am considering declaring the property to be a medical practice and using it as such - I'm a medico. Can I...

Thanks Terry - that's what I was afraid of...

Thanks to responders. Rob - My understanding of the asset protection is that I COULD be sued for my units but that this would not grant access to the actual property and that there other than the units there is no link between me and the property. Also, even if a suit is launched the units...

Thanks 007, 1) I borrowed to purchase the units in the trust. 2) The only reason that I used the trust structure and rent the property is that I am in a highly exposed profession in terms of litigation and so it is for asset protection. Sorry but I don't get the drift of your next...

Hi all, I own an IP's in a HDT with a P/L company as trustee. The basic structure is: - I borrowed $'s from bank and loaned it to trust for trust to buy IP. Infact I actually own all of the trust units so I guess I bought these with the money I borrowed from the bank. - I thus claim...

Thanks again to contributors. Have to talk to ATO tomorrow so I'll post what happens. bagg

Thanks Xenia and Spectre. I have PM'd you Spectre. Does anyone else have any thoughts? Many thanks, bagg

Hi all, I have a few IP's in a hybrid trust where I am the only current beneficiary. A simple Q - what is the rate of CGT if I sell one of the IP's and does the trust pay it or me? Many thanks, Bagg

Dire Straits... Hi all, Unfortunately the title of this thread is not referring to the band. It is referring to our financial state. I'm happy to spell out the details but the bottomline is: Owe ATO ~ $170K due to a divorce in which I gave up too much and an inability to sell a...

Isn't the bottom line: Maybe property will double in 7 years, or maybe 13 years.. but it will increase nicely. So: go buy something reasonable in a reasonable suburb and stop stressing. If you can add value so much the better but Just do it. bagg

Thanks guys. I've considered the spiral staircase but it won't work in this case. Hmmm. I guess I'll just up the PL insurance to the max and say my prayers. Cheers bagg

Hi, I have an IP that was built in 1870(!) and has a staircase to the top bedroom that is basically near vertical. It would not pass council regs these days by a long way. If someone breaks their leg/neck on the staircase am I especially liable in any way? i.e. could it be construed as not...

Hi, As an Hobartian and IP owner I'd make the following comments: Last 12/12 has seen prices almost double. That sort of growth is not sustainable anywhere. Finding a reasonable yielding IP in Hobart how is VERY difficult. I agree with prev posters that things for Tassie are looking...

This is an interesting debate and a very worthwhile one. This property boom will end, its just when that no-one knows. What will we all be doing when it does? L Bernham, what are you thinking of doing with your capital gain atm. I recall from previous posts you have an interest in the...

Hmmm. Hard to see is the future, always in motion...... I think the general feeling in the stockmarket atm is that there will be some short term volatility in prices and interest rates while the market works out which way its going. So the answer is maybe! : ) PS I've decided to lock...

I've sold 2 properties myself and would do so again. I felt I knew more about the properties than an agent and could show them off well. I got the price I was after and that was in a hard market and with me looking like a 12 year old school boy at the time to make sure I had no...

Well done L Bernham! Good thinking about what happens behind the scenes. Like your style. bagg