Search results

  1. E

    Tax question not IP related

    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 ...
  2. E

    CGT Event --- Confused !!!

    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...
  3. E

    Sold IP ! depreciation question ???

    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
  4. E

    Loan in Hardship & Selling

    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...
  5. E

    Capital Gains & Centrelink

    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...
  6. E

    Selling Unit, CGT and Satrting a Business ??

    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...
  7. E

    Non paying tenant

    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...
  8. E

    approching tenants re buying Ip

    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...
  9. E

    Buying with mate in Tas can we ????

    I wish to buy a propertry with a mate in Tas for $90k the bank will not relese fund sto me as my wife was redudant for 7 months and has just started work again I can easily afford repayments on my 1/2 is there any way round this ( my mate can borrow the full amount) Martin
  10. E

    Pre paying expenses for benifit in this FY

    Guys I am needing to pay as much as poss this FY as there are some new rules that affect me next year re. net rental lost :mad: I have just read this section in an ATO pdf WHAT IS EXCLUDED EXPENDITURE? Certain types of expenditure are excluded from the prepayment rules. These are...
  11. E

    Tax Depreciation Schedule For PPOR - IP

    I am moving out of my POPR for a minimum of a year maybe more, is it worth getting a depreciation schedule ? Thanks Martin
  12. E

    Moving into IP ?

    We may need to move into one of our IP's and rent out our PPOR for upto 1 year does this mean that mean when we move out after a year that we can not deduct the loan again ? Thanks Martin
  13. E

    Basic tax course

    Hi All I have 4 ip's and like to do my own tax , I would like to do a introduction to taxation course this will not increase my salary and is not connected to my job. But will I be able to deduct anyway as It will help me to obtain income from IP's and will be used for purpose of doing my...
  14. E

    Paying PM up front ?

    Wondered if anyone knows if I am allow in the ATO's eyes to pay next year commision this year ? Martin
  15. E

    New House, Air Con Issue !

    Hi All I bought a house in Nov 06 which was built in Sept 06 and know the air con is broken I have contacted the builder who has informed me that the company who supplied the air con have gone bust so the warrenty is null and void. I have spoken to the PM and she will find someone to take...
  16. E

    Negative Gearing Abroad

    Just wondered if I bought a IP in the UK if you can claim Negative Gearing ? Martin
  17. E

    Rental contract for those not using PM

    Hi All My sister in law against all my advise has decided to let there home not using a PM as they are moving from NSW to QLD and feel they cannot see the point of using a PM :rolleyes: My question is does anyone know were I/they can get a contact with the correct wording and stuff to do...
  18. E

    Surcharge on c/card

    Hi all If I pay my body corp by credit card and there is a fee for using the card with that company can i claim this in my tax ? Thanks Martin
  19. E

    Credit CArd Rewards, which is best ?

    Hi All Have been looking around at various C/cards for the reward schemes mainly Commonwealth and citibank has anyone got these ones ? are the rewards any good ? Thanks martin
  20. E

    Buying in New York

    Hi All I have just started looking into this does anybody have any advice or info regarding buying in the states ? Thanks Martin
Back
Top