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    My little Mona Vale development update - Phase 3

    So now if you drew out 200k from the company as your profit for the sole director, then it would be down 100K or so after it gets declared against the ATO personal income return. So in a general sense under a develop and sell all model, we are left with around $100K profit from such a...
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    My little Mona Vale development update - Phase 3

    Ok, so my point being (as I'm not an accountant), what would the final take home profit be on this project after all costs and taxes based on a 'sell all' scenario when ready. My rough calculations are sitting on around $150k after tax and everything based on a higher tax bracket threshold...
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    My little Mona Vale development update - Phase 3

    Michael, Thanks, great reply! So if you took say this final 300k (and keep your current PPOR) and declared 300k in yours and / or wife's tax return for the period, accordingly you would be actually pocketing the full amount after TAX against your personal income return(s)? You are...
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    My little Mona Vale development update - Phase 3

    Hi Michael, I would to know indicatively - if it is not too much of a probe :) based on your final valuations how much would you be left in your pocket if you sold all at the end. Taking into account: Cost to raise & hold money over duration. I don’t think your latest figures take this into...
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