Forum Replies Created

Viewing 16 posts - 1 through 16 (of 16 total)
  • Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    September 8, 2016 - 6:49 pm

    Hi Terry,

    I found this link, my limited accounting mind has me not sure how to interpret this….

    http://law.ato.gov.au/atolaw/view.htm?locid=txd/td973/nat/ato

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    September 1, 2016 - 2:46 pm

    That sounds like the right type of thing :)

    I’m in Melbournes eastern suburbs, is there a website you could suggest Colin.

    Cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    August 3, 2016 - 4:30 pm

    Much thanks for the link

    Cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    May 21, 2016 - 10:07 am

    Shall do Terry,

    By ownership change – would that be deemed to occur in this instance – If I, wife & kids are the beneficiaries of the ‘trust’ for where the whole property (prior to subdivision) has been in our names to date

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    April 21, 2016 - 7:39 pm

    Thanks Terry

    If I am keeping the newly built dwelling – I plan to keep it permanently as a rental property – Am I right in saying that eliminates the need to consider / factor GST.

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    February 1, 2016 - 3:35 pm

    Thanks again Terry

    Cheer

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    November 27, 2014 - 4:13 pm

    Thanks for your response

    looks like I will have to do a little more research

    I was thinking the same as you but my loans broker explained it as above in my first post, and a work colleague believes their equity / investment loan works the same…….?

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    August 5, 2014 - 10:36 am

    Already have the properties, just wanting to churn the numbers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    February 15, 2014 - 8:21 am

    cheers mate,

    that info is helpful

    I just went and measured the driveway width – and its bang on 3metres wide – so I can tell council – no rebuild necessary!! woohoo

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    February 11, 2014 - 8:22 pm

    Hi Jacqui,

    The Bungalow and house are all the one structure, but have there own separate external access doors and cannot be accessed between each other by an internal door.

    Could you elaborate on the last comment "if council is not aware that the bungalow is a dwelling in its own right, that could open up its own separate can of worms"….?

    I just bought the property, the bungalow has its own separate gas meter and electricity meter. I'll just pay the water bill for both tenants as its one meter.

    Cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    November 11, 2013 - 10:20 pm

    Thanks again Terry,

    Cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    October 24, 2013 - 11:35 am

    Thanks for the advice,

    Goes to show – speaking to the ATO over the ph – they're not always right, would want it in writing

    Good news – The bank has come through with a deposit loan – so no mixing – woohoo

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    October 10, 2013 - 12:21 am

    Gday Oscar,

    Yep – thats good thats pretty much what i do (even down to the cost per sq metre of land for an area … etc

    just thought someone might have something extra out there

    cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    September 12, 2013 - 10:03 pm

    Yep – thanks for that, thinking we will just pay to get it fixed…

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    September 11, 2013 - 11:35 pm

    thanks for all your thoughts and advice

    cheers

    Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    September 11, 2013 - 12:16 am

    Thanks Terry

    pardon my ignorance – when you say split the loan into 2 accounts?? is that like a variable portion and a fixed portion scenario – 1 account where a would claim Neg gearing and the other part of the loan where i would'nt – should i wish to redraw for personal exp…..

    Would only redraw likely for other investment purposes.  The bank was looking at me signing a 'redraw deletion' then they can look at my equity with more confidence…. etc

Viewing 16 posts - 1 through 16 (of 16 total)