Awards aside, I think this is one of the best Forum tools I have used. It’s intuitive, lightweight and looks good as well !

Regarding renos, saw on TV last night that 2/3 of houses built before 1987 has dangerous asbestos in it.

So do be careful all you reno-kings !

I use Terri Scheers. They are relatively cheap but not sure how good coz I have not had the need to claim anything yet.

By the way, for more info this might help …

Email : info@chartbusting80s.com
TV show website : http://www.chartbusting80s.com

Hee … barring any last minute unforseen circumstances (e.g. needing to go to a regional town to buy a CF+ property), I shall be attending …

But considering my utter lack of skill in locating such abovementioned properties, I’ll most likely be there.

I should think that costs associated with lodging a return yourself would be deductible. E.g. stationary, home office, etc.

Can someone please help ?

I would very much prefer to find an accountant via recommendation then to look one up in the Yellow Pages.

Thanks !

Thanks Scott for your great help and advice this morning !

FYI, I did more checking and believe it or not, the council said that construction started in 1970. So building depreciation is out.

I wonder why my strata title is issued in 1986 then ?
Could it be that extensive renovations were done to the building in 1985-86 so the building needed to…[Read more]

I have a more general question. I have a solicitor who I am happy with and dealt with the property stuff for my home and IP as well. He’s based in the Melb CBD.

Would I be able to use him if I buy in a rural area ? Or would getting a local solicitor be best ?

If a local is better, what is the logic behind it ?

Originally posted by TeacherK6:
…. several months ago i sold an IP and the profit i made was deposited into one of the same the same P+I loans mentioned above. this money was taxed, and seeing as it was a profit from a sale, i guess i could have done what i pleased with the money. thinking that it would have helped out both me and the…[Read more]

Here’s the mail I got from the people at Chartbusting 80s …

Chartbusting 80’s Prom Night
Friday 3rd September

@ Marquee Club- Corner Kings way and Dorcas Street South Melbourne

7.30pm-Late

Tickets $25

· Entry to Marquee Nightclub
· Includes 2x free drinks
· Finger food
· 80’s music all night
· Hosted by your favourite host Josi…[Read more]

Here’s my list …

All the Star Wars movies
All the Battlestar Galactica movies
All the LOTR movies
All Superhero movies
All Naked Gun movies

Roadhouse
Spaceballs
Serendipity
Electric Dreams
Krull

P.S. I hate anything to do with Star Trek !

Sure thing, send me your email address and I’ll forward the invitation (it’s a Word doc). By the way, do you watch the TV show ?

I’m totally an 80s guy and more into the electronic bands like Depeche Mode, Alphaville, Yazoo, New Order, Cure etc. But I love other bands like Duran2, Spandau Ballet, AFO Seagulls, etc.

Fav songs … hmmm…[Read more]

Gatherum-Goss is in Kilsyth (near Mt Dandenong) which is way the other side of town from where I live or work.

Any recommendations for a good accountant near the CBD area or a nearby suburb ?

Thanks !

Scott,

Maybe you should start franchising Depreciator rurally to get maximum aussie coverage ! …

Anyway, I have a IP apartment unit in a 3 storey building with a strata title dated 10/9/86. But I can’t tell when construction started, so could be pre-85 which would mean I can’t claim construction depreciation.

Is it still worthwhile getting a…[Read more]

Is your foreign income taxed in that country ?

If so, you may be able to avoid double tax. Australia has a number of agreements in place with other countries to handle this.

I posed a similiar question in the Accounting forum and the answer is capital works deduction.
May be different in your case though.

Apologies for not being clear. What I meant was for the old kitchen to be moved to an IP. Because it is in an IP, the old kitchen can be depreciated at least as capital works.

The extra money you get from depreciating the old one will make you feel better buying a non-deductible new kitchen for your PPOR.

You can probably do that with many…[Read more]

I wouldn’t totally agree though about LOC. If you has the discipline and use the redraw to get money for purely investment purposes, the whole interest would still be deductible.

What would be interesting though is if you redrew the money for another IP, would you need to keep track of the how much of the loan is for which IP ??

In short, I…[Read more]

Originally posted by Supa Freak:
Hey Scott, I desperately need a new kitchen in my PPOR, anyway i can claim part of it due to the fact that we run our biz from home?

SF

Can you move your old kitchen to one of your IPs and claim depreciation on it ? This will offset the cost of a new one in your PPOR.