PropertyInvesting.com | acelliers | Activity https://www.propertyinvesting.com/members/acelliers/activity/ Activity feed for acelliers. Sun, 12 Apr 2026 21:23:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d80a8f5ded9d33924aae2b3d3f49fe7a acelliers replied to the topic "Income" from housemate/tenant/boarder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401633-income-from-housematetenantboarder/#post-4634819 Wed, 27 Oct 2010 05:45:12 +0000 HiI think you need to look at IT 2167 (Income Tax Ruling – just look it up on the ato website)Arms length letting of an identified part of a residence, e.g. a bedroom, with access to general living areas 9. This heading typifies a situation which is commonly encountered. A variety of arrangements may occur in situations of this nature. The rent…[Read more]

]]> c428a6851a3b50cd5744d0d5e846d1cd acelliers replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591917 Wed, 20 Aug 2008 06:49:35 +0000 joanne76 wrote:
sorry Anne,I have no idea what you mean, I'm just someone that wanted to share the story I have with others.Sorry if i have offended  you with my grammatical errors, I sometimes get a little carried away and don't reread what I'm about to post.

Hi Joanne You have not offended me in any way. I just think there is a general…[Read more]

]]> 888cdacb20376e78c32d38073c5dbd32 acelliers replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591911 Wed, 20 Aug 2008 03:35:59 +0000 joanne76 wrote:
"We then booked a visit into there office and went in there last week 7/8/2008 and they took us through their presentation and discussed with us about commercial property as well as residential property.

Hi Joanne76I was just wondering how all of these "promotional emails" contains the same grammatical errors and spelling…[Read more]

]]> f1ce41b30e38633d2b254c2fad541f10 acelliers replied to the topic Dirt to investment property and negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4394024-dirt-to-investment-property-and-negative-gearing/#post-4591885 Wed, 20 Aug 2008 02:23:26 +0000 Terryw wrote:
I think that as long as you intend to build on the land and to rent, then you can claim interest and other costs from day 1, as per Steele's case.

Hi TerryThat is actually not correct. You have to prove that it is more than just an intention and a very active pursuit. You need to show how you have arcitectural drawings/plans for…[Read more]

]]> fb15474d3e30fbf8b7eed6baa490abfd acelliers replied to the topic Minning Boom in the forum General Property https://www.propertyinvesting.com/topic/4393768-minning-boom/#post-4590473 Tue, 19 Aug 2008 03:47:36 +0000 Hi GuysI live in Emerald In Central QLD, in the centre on the Bowen Basin.  Yes, Emerald has boomed and prices has not moved since Nov 2006, but rent are still very strong and demand is not met. Emerald is a Hub Town – population of Approx 18,000 where most miners and other workers buy their own house, after some years of renting. Yes there is a l…[Read more]

]]> 3acfa19caab25b68b20d9774d05e705c acelliers replied to the topic Dirt to investment property and negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4394024-dirt-to-investment-property-and-negative-gearing/#post-4591883 Tue, 19 Aug 2008 03:13:30 +0000 Hi CHISYou have to refer here to the High Court Case of Steele v Deputy Commisioner of Taxation. The link is belowhttp://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~steele~basic~exact&target=JA&style=html&sdocid=AID/AID2001479/00001&recStart=1&PiT=99991231235958&recnum=4&tot=188&pn=ALL:::ALLIn certain circumstances interest and other…[Read more]

]]> a7d583448f853f9aa318483a44140be3 acelliers replied to the topic Question about ABN criteria for IP investors in the forum General Property https://www.propertyinvesting.com/topic/4394002-question-about-abn-criteria-for-ip-investors/#post-4591759 Thu, 14 Aug 2008 23:15:07 +0000 Hi ChewyFirst of all, you need to establish if your investment property is a residential property or a commercial property. If you just have a residential property (house, flat) that you rent out permanently (not like a holiday rental) you are not deemed to be carrying on a business and if you are not deemed to carry on a business you don't…[Read more]

]]> c8166f876010f11631a0eea97811230a acelliers replied to the topic Sell house next door, CGT free? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393824-sell-house-next-door-cgt-free/#post-4590852 Wed, 30 Jul 2008 00:17:44 +0000 Hi TerrywI have attached some reading for you from the ITAA97 regarding this matter. You can do a search on the ATO website on adjacent land and read the legislation for yourself.  This expemtion to adjacent land only applies if the PPR and adjacent land is sold at the same time to the same purchaser at the time when you dispose the PPR and if…[Read more]

]]> fa3b0e498761d8ee4364396c30a71013 acelliers replied to the topic Sell house next door, CGT free? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393824-sell-house-next-door-cgt-free/#post-4590850 Tue, 29 Jul 2008 06:14:45 +0000 Hi McNormanOn page 71 of Lance Spicer's book the tax solution it states as follows"LAND next door……" It is only vacant land not another house and there are conditions for it to be deemed part of your PPOR 1. The land is primarily used for domestic or private purposes in association with the dwelling2. The land area does not exceed 2…[Read more]

]]> 17403a5181cad2b42f7cc73c6e4d20bc acelliers replied to the topic I think we stuffed up in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393514-i-think-we-stuffed-up/#post-4589067 Wed, 18 Jun 2008 06:00:31 +0000 Hi AnGelcAkEJust to make sure that  I understand what you did.You purchased a new Principal Place of Residence (PPR) interstate. In order to afford this purchase you increased the loan on your previous PPR – now your rental property. In short you drew on the equity in your first PPR?You will still be able to claim part of the interest on the loan…[Read more]

]]> 09acfada35c97c1a1c4e5130001ce3da acelliers replied to the topic Another 0.5% interest rate prediction ... in the forum General Property https://www.propertyinvesting.com/topic/4393490-another-0-5-interest-rate-prediction/#post-4588929 Wed, 18 Jun 2008 05:47:27 +0000 Hi ChrisThank you for a well formulated economic response. Some of the other "ideas & opinions" discussed here was a bit "out there". Mind you I am not an economist (just an accountant)Annemarie

]]> 767296a7172ccdb9a5b190a74af8afe3 acelliers replied to the topic Oven / Cooktop / Rangehood combo in the forum Value Adding https://www.propertyinvesting.com/topic/4393469-oven-cooktop-rangehood-combo/#post-4588791 Thu, 12 Jun 2008 10:54:19 +0000 Hi LeanneHave a look at http://www.appliancesonline.com.au/ and also have a look at ebay, http://cgi.ebay.com.au/New-RANGEHOOD-COOKTOP-PLUS-OVEN-COMPLETE-PACKAGE-DEAL_W0QQitemZ290237750561QQihZ019QQcategoryZ20712QQssPageNameZWDVWQQrdZ1QQcmdZViewItem#ebayphotohostingthey have some new packages going and I have purchased a ss oven cooktop and r…[Read more]

]]> b79a8d3173e2e61f24d872171857f169 acelliers replied to the topic First timer newbie with some general questions re: GOLD COAST PROPERTY in the forum Help Needed! https://www.propertyinvesting.com/topic/4393439-first-timer-newbie-with-some-general-questions-re-gold-coast-property/#post-4588622 Thu, 12 Jun 2008 02:56:42 +0000 Hi BenAll I want to say is that "people's" opinions can cost you a lot of money. Educate yourself, save your deposit and research in your own backyard. There are very good buys in Robina and Varsity Lakes at the moment but they will still get better in 2009. CheersAnnemarie

]]> 6b10d0b192f1d78fbc79307be074aa44 acelliers replied to the topic Help: Doing tax return for the 1st time with an IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393147-help-doing-tax-return-for-the-1st-time-with-an-ip/#post-4586588 Fri, 16 May 2008 03:23:26 +0000 Hi ThereThe tax law clearly states that "there are no tax consequences where the owner of a residence permits persons to share it on the basis that all the occupants, including the owner, bear the appropriate proportion of the costs actually incurred on electricity, food etc. Refer to Taxation Ruling IT 2167 on the ATO website. It would be much…[Read more]

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