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I am looking into this for a mate , i can see the reg fee is $360 per year which allows you to bid 20 times per auction in as many auctions as you like. they are also offering refferal bouns of $15k if that person buys .... all seems a little dodgy to me , they do not seem to tell you how many...

SS I am a state sales manager and as such I train in diffrent software programs every coupel of years , well this year my wife became a trainer and started her own business and i used her for training me on MS publisher will he fees be deductable or is there some clause regading sposes ...

Thanks I can see that now ,I was over complicting ( again !) Martin

Andrew thanks for this now makes perfect sense Thanks again Martin

Thanks for your reply ... I will think about getting an accountant. Do you know if I am still able to claim the remainder of my deposit Deposit $82k redrew $63 can I still claim the remaing as a purchase cost ? Thanks

Hoping someone can help !!! On my 1st IP when 1st purchased I did the following :- Bought 06 - $410,000 Deposit - $82,000 loan - $328,000 100% deductable interest then on bad broker advice we re-financed for a much better rate and to release the deposit paid into out...

I understand the difference between them, I am looking for info on the workins of them in a CGT event.... I know people who own IP and business and just give all there paperwork etc.. to an Accountant and end up with huge bills , I know all accountants are not like this ... but I would never...

thanks for your reply I have had the IP for 3 years and have now sold so I am setting about working out my CG or lost I have looked on the ATO site and cannot work out from my QS report which figuers i should be using . Martin

G'day We have sold one of our IP's and i need to know how i go about sorting the deprecation adjustment. thanks Martin

I spoke to centrelink and the ATO both gave the same info and also looked on the centrelink website and it does not state captial gain/loss in the list see below Entitlement to Family Tax Benefit is based on your actual annual family income for the current financial year. The taxable income...

I know this was posted a while ago , but for people looking the post in the future , we are selling our 1st IP at the momment and centrelink do not count capital gain or lost as income only rental income and lost Martin

Hi GUys We have been strugglinmg for the last year with my wife losing her job so have decided to off load are least preforming IP. Whislst we have this on the market I am going to apply for 3 months loan break under hardship reasons and they will add this to the loan total . When I...

This is how I understand it if you are working out FTBa and the kindy benifits INCOME FROM JOB $20,000 INCOME FROM RENT $20,000 TOTAL INCOME $40,000 DEDUCTIONS WORK RELATED $1,000 RENTAL DEDUCTIONS $50,000 TOTAL RENTAL LOSS $30,000 (INCOME - RENTAL DEDUCTIONS) Centrelink see...

You are soooo right I rang centrelink, they did not have a clue they said anything That I was in loss over they would count as income. Why put in rules if they have no one who can queries about the rule :rolleyes:

Thank you for your help

G'day I am about to sell a IP and unsure of how CGT works, below is how I think it works (made up numbers is the theory right) BUY $100000 SELL $110000 CAPITAL COST $8000 GAIN $2000 BOUGHT 01.01.09 50% DISCOUNT $1000 ( I KEEP NO TAX?) MY RATE OF TAX 15% WHICH i PAY ON THE...

Hey Guys My wife has been out of work for over a year now we are at the end of our savings , so need to off load a unit and have decided to start a business of our own . I have a question Say we come out with $48k before CGT and we loan that stright to the business do we still have to pay...

Thanks everyone Marg, There are still no PM's in Queenstown but the ones in Wayandra (?) look after it but the fees are 10.25% + GST so quite expensive rent vs loan is very good tho' ( when they pay) I have had the PM serve the notice. Oh well life goes on :-)

I have a house in Queenstown Tas, It is tenanted as was when I bought. A couple of weeks in the PM tells me that she has not paid any money and that she said she was waiting for centrelink to sort this out. My question is if the previous owner (who self managed) knew that she was not...

My agents in the past have mentioned that my tenants love the house and at some time may wish to buy it. I was not thinking about selling but this could be a smooth transaction no real estate fees etc.... my issues are 1. did the tenants really say this 2. if they did not would not...