Wes started the topic Sub division – Joint owners or seperate? in the forum Help Needed! 7 years, 5 months ago
Hi experts,
My partner and I are going to demolish one of our investment properties, subdivide, and construct two new dwellings.
We own the property jointly in our names.
Is it worthwhile to put one of each of the new blocks in to each of our names? So that I own one block and my partner owns the other. Would this give us added protection from…[Read more]
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Wes‘s profile was updated 7 years, 5 months ago
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craig25 replied to the topic Capital gains tax on sub-division in the forum Legal & Accounting 8 years ago
Thanks Benny and Terry for your help. I didn’t think it was quite correct what the accountant was telling him.
where you split the land of the PPOR and end up with 2 houses the main residence exemption can only apply to one of those houses at any point in time.
So in this example he would have claimed the main residence exemption on the…[Read more]
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craig25 started the topic Capital gains tax on sub-division in the forum Legal & Accounting 8 years ago
By brother in law purchased a house on a large block, sub-divided and built a second house in the back yard, keeping the original house.
The time line of events is as follows. The original house was rented out for the first 2 years from purchase.
After two years he moved in to the house and almost immediately sub divided the block and began…[Read more]
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craig25 replied to the topic obligations to pay for legal services?? in the forum Legal & Accounting 9 years, 2 months ago
I am no expert but from memory you need an offer and acceptance to form a contract. Seems a bit harsh to me with out knowing all the details.
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craig25 replied to the topic Daily compound interest calculator/spreadsheet in the forum Help Needed! 9 years, 2 months ago
Hey DT,
It,s an IP and loan is interest only.
Cheers
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craig25 started the topic Daily compound interest calculator/spreadsheet in the forum Help Needed! 9 years, 2 months ago
Hi People
Would anyone have a spreadsheet to calculate the interest on their mortgae repayments taking into account an offset account?
I have an offset account facility And I am wanting to be able to accurately calculate the ammount of interest I am supposed to be charged each month so I can check to see if what the bank takes out of the account…[Read more]
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craig25 started the topic Received water bill after settlement. in the forum Help Needed! 9 years, 2 months ago
Hi Guys
First post. Been following for a small while. Thought I should get involved. Here goes.
So I have recently settled on my first property no brand new to this whole game. I’ts a vacant block of land. I have received a final notice water bill in the post of around $70. I paid immediately but I was surprised to see this. I checked my…[Read more]
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Wes became a registered member 9 years, 4 months ago
Total Members: 158,311
