PropertyInvesting.com | coopranos | Activity https://www.propertyinvesting.com/members/coopranos/activity/ Activity feed for coopranos. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b02ca9162cc74e1896a233f558d46a95 coopranos replied to the topic minimise capital gains tax in the forum General Property https://www.propertyinvesting.com/topic/4386709-minimise-capital-gains-tax/#post-4554210 Thu, 07 Sep 2006 14:14:19 +0000 Hi
Basically, the gain from the sale of the land will get added on to the taxable income of the company.
If you were to make superannuation contributions (to a certain limit) these could be deducted from the taxable income of the company.
If you believe that superannuation is the appropriate vehicle for you to put your money into, it can be very…[Read more]

]]> 7a5e40f3783a3f1907cef16d4fc9a95d coopranos replied to the topic TRAPPED BY NEGATIVE GEARING in the forum General Property https://www.propertyinvesting.com/topic/4386694-trapped-by-negative-gearing/#post-4554082 Thu, 07 Sep 2006 13:58:55 +0000 Hi
I am not a hugely experienced property investor at all, but here is my take on your situation.
You said your aim (or the advisor you spoke to said, and you believed) was for the properties to double in value over about a 10 year period. Why have you thought about changing strategy??
If that is the strategy you went in with, and you thought…[Read more]

]]> 664f93b4cb22f06554a813ec2567b2d4 coopranos replied to the topic Steps/Procedures involved in Purchasing Property in the forum General Property https://www.propertyinvesting.com/topic/4386512-stepsprocedures-involved-in-purchasing-property/#post-4553195 Sun, 20 Aug 2006 09:15:53 +0000 Hi
I highly recommend going through a good mortgage broker, they will walk you through each step, and let you know exactly what you need to do and when.
Given the differences between the states, I think this is the best thing for you to do.
Cheers

]]> 5529c653677b15ee928996c937cf3a74 coopranos replied to the topic Youngin' Starting out. in the forum Help Needed! https://www.propertyinvesting.com/topic/4386506-youngin-starting-out/#post-4553073 Sat, 19 Aug 2006 14:02:56 +0000 If you want to get a loan on your own for an investment property, I dont know of any other way than having a full time job.
You may investigate the option of your parents guaranteeing the loan for you, I am unsure how that works.
My suggestion for you if you are thinking of investing in property:
First, get a book called “The Richest Man in…[Read more]

]]> 1532d486d58e134ff8e853c157de5b49 coopranos replied to the topic Non bank Lenders Good or Bad? in the forum Finance https://www.propertyinvesting.com/topic/4385952-non-bank-lenders-good-or-bad/page/2/#post-4550772 Fri, 18 Aug 2006 00:26:02 +0000 Mate I think people have given plenty of info on the topic to make a fairly informed decision.
My opinion is that if you have a decision to make that you consider 50/50 then you dont have a decision to make – you are talking about investing, not gambling, and if a decision is 50/50 then you do not have enough knowledge of an issue to make an…[Read more]

]]> 49fcd171c8761674911e34a4d9a95f60 coopranos replied to the topic Buyers Agents and Seminars in the forum Heads Up! https://www.propertyinvesting.com/topic/4386482-buyers-agents-and-seminars/#post-4552974 Thu, 17 Aug 2006 06:36:36 +0000 cheers mate, have you used them before? If so how did it go?

]]> c8eb19fe452bead91d5b7fa6dc30d13f coopranos replied to the topic Non bank Lenders Good or Bad? in the forum Finance https://www.propertyinvesting.com/topic/4385952-non-bank-lenders-good-or-bad/page/2/#post-4550770 Thu, 17 Aug 2006 05:20:24 +0000 Zorg
I dont mean this with any disrespect at all, but it kind of sounds like you are trying to sell yourself on it as much as anything else.
I remember I had a car once that I purchased from a car yard. Everyone that saw it told me how it was a lemon and i had been royally ripped off. No matter what these people would say to me, I kept trying to…[Read more]

]]> aa092a996626ff1795f92ce1f5921621 coopranos replied to the topic Renovations, Markets and Tax in the forum Value Adding https://www.propertyinvesting.com/topic/4386459-renovations-markets-and-tax/#post-4552891 Wed, 16 Aug 2006 01:30:39 +0000 mate there is no legitimate way to “minimise” tax in this scenario.
If you sell the place your taxable income is going to be:
Sale price – sale costs – purchase price – purchase costs – holding costs – renovation costs.
Your net profit will be the profit from the above – tax paid. You just have to treat tax as a cost. If you are on a high tax…[Read more]

]]> 9fe0cb3f5d9a36ce12febf52cc6b075f coopranos replied to the topic Renovations, Markets and Tax in the forum Value Adding https://www.propertyinvesting.com/topic/4386459-renovations-markets-and-tax/#post-4552889 Tue, 15 Aug 2006 02:26:38 +0000 Hi
Hopefully someone with more experience will answer your other questions, but with regards to tax on sale if you are renovating and selling within 12 months, there is no way around this. To get around this is called Tax Evasion and is very illegal.
You can structure it to minimise your tax by purchasing and operating through a trust or company.…[Read more]

]]> a7f3883dc72a911f234a34f743a2838a coopranos replied to the topic capital gains tax on wraps in the forum No Subject https://www.propertyinvesting.com/topic/4386442-capital-gains-tax-on-wraps-2/#post-4552771 Sun, 13 Aug 2006 10:03:29 +0000 rather than ask whether there is capital gains tax, it is probably more appropriate to ask whether there there is a taxable income being derived.
You are undoubtedly making an income, and it would be very hard to argue that it should not be taxable. Your sole purpose for doing it is to makea profit.
I would suggest that it would be looked at in a…[Read more]

]]> 707d2cfb49c716b389a29958a51104c2 coopranos replied to the topic tax question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386410-tax-question-3/#post-4552611 Thu, 10 Aug 2006 04:20:16 +0000 What is your business structure? If it is a Trust or sole trader it makes no difference whether you call it wages or hush money, it is still attributed to you 100% taxable – ie as a sole trader your taxable income in the business is your taxable income as an individual, and a Trust will have to distribute all the income each year which will be a…[Read more]

]]> ea53dd095dafc3edcc2b8ac988708626 coopranos replied to the topic investing our home under my husband's name only in the forum Help Needed! https://www.propertyinvesting.com/topic/4386399-investing-our-home-under-my-husbands-name-only/#post-4552564 Thu, 10 Aug 2006 04:10:02 +0000 you need to have a think about why you want to do this. I can only see a reason for it if you were going to save a significant amount of money week to week, or if you need to move locations (ie closer to work or something), otherwise you will probably find you are no better off just because you call it an investment rather than your home (in fact…[Read more]

]]> c99d36a2fbc568fedad137e9fbe22750 coopranos replied to the topic Hello all. Im New and Willinging - long post. in the forum General Property https://www.propertyinvesting.com/topic/4386319-hello-all-im-new-and-willinging-long-post/#post-4552270 Thu, 10 Aug 2006 02:20:22 +0000 Couple of ideas for you:
– over here in WA we have a government lender called Keystart, they will take into consideration welfare payments as income when calculating your borrowing capacity. Not sure if there is a lender like this in your state but a mortgage broker should be able to assist with this (the WA lender does not lend on investment…[Read more]

]]> 710cad2c5a468eb57bc7de4710e35bdd coopranos replied to the topic CGT question in the forum Help Needed! https://www.propertyinvesting.com/topic/4386402-cgt-question-2/#post-4552591 Wed, 09 Aug 2006 13:58:39 +0000 The taxable capital gain will be added to your other income (employment and other investment income). Your total income will then be taxed at the rates found here:
http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&mnu=5053&mfp=001

There is a 12 month CGT discount for individuals and trusts (ie you hold the asset for longer than…[Read more]

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