Exterminate, exterminate!

Chan$ – I would say one qualifies you. Although I can say I invest in the Food and Beverage Industry (I eat lunch each day)

Depreciation starts with the life of an asset and the value declines until it is zero. When you purchase in depreciable asset you don’t get to depreciate replacement cost – only attributed cost when purchased.

If most depreciable items have been depreciated to almost zero you would need to replace them to start again (big cost for the sake of tax…[Read more]

$1 mill in controlled property value is the MAP target I believe.

AD,

These deals can be set up by purchasing a group of mobiles and “arranging” bonus options like yes time or my hour to cover 24 hr periods then forwarding a mass of calls through these numbers. The Mobile company gets no revenue (free calls) but has to pay terminating charges to other networks. THey see the pattern which breaches fair use…[Read more]

Net worth greater than 1 mill

Assets minus liabilities = $1 million

Mind you that isn’t as hard if you had invested in Sydney 3 years ago []

Hi AD,

Seems very similar to schemes the big telco’s have stamped out in the past, and continue to pursue legally. My sources tell me this one may already be under “consideration”.

Cheers

A

Reducing the tax you pay legally is fine, but that doesn’t really impact your HECS repayment requirements. Nuetral gearing is great, but it won’t really impact your mandatory repayments as you add rental income AND rental losses.

I speak from experience having a PELS debt, +ve geared props, -ve geared props, neutral props, and FBT amounts. My…[Read more]

HECS repayment income
Your HECS repayment income is:

your taxable income for an income year,
plus any amount your taxable income has been reduced by a net rental loss,
plus your total reportable fringe benefits amounts shown on your pay as you go (PAYG) payment summary.

SIS,

This sounds good in theory but HECS liability is not reduced by any deductions or offsets from property investing. You have income from your job, plus all the rental income – equals total income, which is what your HECS repayments are calculated upon.

I think that either your accountant isn’t very good or you talk a good game.

snigger, snigger.

Nice work PG

try http://www.wan.tv/stuff

Hi Eskimow007,

I have to disagree with the bear on this one. Burnie is a dump! To me it has very little going for it, and isn’t an attractive place in any way. I lived in Tasmania for most of my life, and no-one moves to Burnie, they are born there and stay, or born there and leave.

If you are keen to buy a block of land, focus less on where…[Read more]

Hi Stingray – I wouldn’t say that the prices are all that low (comparably) in Tasmania any longer. Most areas have almost doubled in price, forcing rental yields down to around 5% on average if you purchased now.

Rent has traditionally been much higher in Tasmania – it has tended to increase steadily but capital growth has been slow or non…[Read more]

323.5!!!!!!!!!!!

I love it!!!

323.4 – so close

My understanding is that the cost to find the property are NOT claimable. Visits back to inspect the property you own can be partially or fully claimable providing that is the sole purpose of travel.

A.

Personally I wouldn’t go below 30,000+ town/city size for investing. Anything less and the pool of renters tends to be a little small and with the amount of people searching out +ve cashflow props, ie cheap properties from small towns, the rental market can be cutthroat.

Personally I think it’s a bit backwards to buy the best house in the worst street. You will make less gains than peeople buying worse houses. Buying the worst house in the best street makes a lot more sense to me.

It’s tragic news. Growing up watching Hookesy bat for Australia I feel like I’ve lost a family member.

All sympathy to family, friends and fans.

Nick.