PropertyInvesting.com | Grow SMSF | Activity https://www.propertyinvesting.com/members/evolve/activity/ Activity feed for Grow SMSF. Sat, 11 Apr 2026 10:06:10 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 663dd882f795e46358f0c02edbe40f8f Grow SMSF's profile was updated https://www.propertyinvesting.com/activity/p/390611/ Sat, 08 Aug 2020 06:44:33 +0000 a295ab8da8483136938e5f87a71303a1 Evolve replied to the topic Establishing SMSF to buy existing IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403082-establishing-smsf-to-buy-existing-ip/#post-4643796 Sat, 19 Mar 2011 01:31:42 +0000 Sounds like you have enough in super to use a SMSF and a limited recourse loan to purchase a property in your SMSF, however your SMSF will not be able to acquire a residential property that you currently own.If you are forced to sell your IP there is nothing stopping you purchasing a different property with a SMSF to keep your property portfolio…[Read more]

]]> 030574db81ff5d8a22248be05a8ad0a2 Evolve replied to the topic ACCESSING SUPER FOR A DEPOSIT FOR A INVESTMENT PROPERTY in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402590-accessing-super-for-a-deposit-for-a-investment-property/#post-4640558 Sun, 30 Jan 2011 05:13:42 +0000 Previous comments by Richard and Scott are correct.For more information on this strategy you can download a free ebook here:http://buypropertywithsuper.net.au/Seems something got lost in translation from your 'source'. It is a very good strategy for certain people.

]]> eb00cf2d64ac3c7db81532defd422c49 Evolve replied to the topic Help with determining trust or structure for investing? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402457-help-with-determining-trust-or-structure-for-investing/#post-4639645 Fri, 14 Jan 2011 23:15:01 +0000 Hi R F II have responded to your post over on Invested: http://www.invested.com.au/4/best-way-start-out-trusts-38274/Terry is on the right track.You can distribute up to $3,333 to minors under 18 (including your children or even nieces / nephews etc)If you are in VIC you can probably transfer the property into a trust with only nominal stamp duty…[Read more]

]]> 92d199bc1534e33f7ed5fbcc547d599f Evolve replied to the topic SMSF 'loan' to a non-member? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391401-smsf-loan-to-a-non-member/#post-4577052 Sun, 28 Nov 2010 10:42:23 +0000 I will not comment whether such an arrangement would be considered a 'scheme' – but a SMSF cannot give financial assistance to a member or a relative of a member – either directly or indirectly.The ATO has released a Tax Payer Alert on this subject (in regards to financial assistance via an 'unrelated'…[Read more]

]]> 174c3775e5a61add379aad6c13e10a0d Evolve replied to the topic SMSF Purchasing from a Member in the forum Hi ASB, To enable your SMSF https://www.propertyinvesting.com/topic/4402004-smsf-purchasing-from-a-member/#post-4636984 Fri, 26 Nov 2010 07:54:35 +0000 Hi ASB,To enable your SMSF to purchase a property from a member, it must be considered 'business real property' – meaning it has to satisfy the business use test which is: "used wholly and exclusively in one or more businesses"SMSF Ruling 2009/1 deals with the definition of 'business real property' in more detail.The following example (#13 of 37…[Read more]

]]> 939a87f14b12875eeea3e1937cdb8133 Evolve replied to the topic Inheritance resulting in loosing the FHOG (trusts) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401836-inheritance-resulting-in-loosing-the-fhog-trusts/#post-4635854 Fri, 19 Nov 2010 03:22:24 +0000 Maybe look into whether the property (or their respective shares in the property) can be put into a testamentary (a.k.a. bloodline) trust?Obviously legal advice would be necessary to see whether it is possible, and this would also provide extremely good asset protection, taxation benefits and flexibility.

]]> 5767fd06b647fd36d7b9287e1c4504fb Evolve replied to the topic Improve a property in an SMSF - Compliance Issue in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634738 Sun, 14 Nov 2010 02:39:10 +0000 Hi guys,Just a quick update on this issue.In September the ATO discussed this issue (and numerous other SMSF borrowing issues) with superannuation industry representatives at their NTLG superannuation technical sub-group meeting.I have posted an article about this issue in more detail on my…[Read more]

]]> bc354583bc9434c9060186ce68f3d88f Evolve replied to the topic Can anyone recommend a depreciation schedule specialist in WA: Perth/Mandurah? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401621-can-anyone-recommend-a-depreciation-schedule-specialist-in-wa-perthmandurah/#post-4634748 Fri, 05 Nov 2010 06:27:46 +0000 Hey TyronJust wondering if Washington Brown finds it difficult to differentiate themselves from other quantity surveyors? I mean – you all basically produce reports which are going to have the same information and same benefits (deductions) for the property investor – so how do you sell your service?This is your opportunity to enlighten us and…[Read more]

]]> f62b5052633081d6aed96f758599ad94 Evolve replied to the topic Keeping Income Tax to a minimum in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401756-keeping-income-tax-to-a-minimum/#post-4635432 Fri, 05 Nov 2010 06:22:59 +0000 Hi Mike,If you have read anything from Robert Kiyosaki you should have learned the following:- buy assets- that produce income- focus on cash flow- structure your investments correctly to reduce tax and protect your assetsThe reason 'astute' property investors probably don't pay much tax is because a lot of them are so astute that they have geared…[Read more]

]]> 6e92f32d6b4dc3db4266c827562905e1 Evolve replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/page/2/#post-4589299 Sat, 30 Oct 2010 07:02:45 +0000 I have read three or four of Robert Kiyosaki's books and they contain some fantastic ideas.The books really struck a chord with some of my core beliefs.  By reading the books it gave me the kick in the butt to change my life – I even moved to a different country and totally changed the direction of my life.I am also a little cynical that he has…[Read more]

]]> 7285036497eefa4aa8eb7265a858c4a9 Evolve replied to the topic Improve a property in an SMSF - Compliance Issue in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634734 Sat, 30 Oct 2010 02:34:50 +0000 Good to know you are grateful Grateful!I have read the Explanatory Memorandum that came out with the 07/07/10 changes and my interpretation is Yes – it can be done provided any improvement / renovations are NOT so significant that a replacement asset is created.The key issue as I read it is:Circumstances not permitting a replacement asset…[Read more]

]]> 1b5e1a239beda6c04c05cbeb81c556c6 Evolve replied to the topic Can anyone recommend a depreciation schedule specialist in WA: Perth/Mandurah? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401621-can-anyone-recommend-a-depreciation-schedule-specialist-in-wa-perthmandurah/#post-4634746 Sat, 30 Oct 2010 01:05:39 +0000 Hi Daniel,I have recently started using Depreciator for my clients and I have been impressed by the service and how easy it is to organise. I have also had good feedback from my clients. Prices are $500 to $800

]]> 4da5924894642cf39b39e2b1e20efc66 Evolve replied to the topic Anyone know a good quantity surveyor in Melbourne? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401657-anyone-know-a-good-quantity-surveyor-in-melbourne/#post-4634922 Sat, 30 Oct 2010 01:04:51 +0000 Hi Emmy,I have recently started using Depreciator for my clients and I have been impressed by the service and how easy it is to organise.I have also had good feedback from my clients.Prices are $500 to $800

]]> f488c5e7c5346f898d8f5310fc3d24c6 Evolve replied to the topic NRAS and Tax Offsets for SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401168-nras-and-tax-offsets-for-smsf/#post-4631747 Sun, 17 Oct 2010 08:03:03 +0000 Hi TimSorry for the delayed responseYou should only need one Pty Ltd security trustee company for multiple properties as it can act as the trustee for multiple custodian / property trusts.I hope this clarifies.

]]> 5b1bbc276e1c7ba6ddf7818c07a70ec8 Evolve replied to the topic Using Super to Invest in the forum Finance https://www.propertyinvesting.com/topic/4401415-using-super-to-invest-2/#post-4633531 Thu, 14 Oct 2010 10:51:17 +0000 That is great news Number 8 Good luck with everything – I hope everything runs smoothly with the bank.Due to the typically higher yields, commercial properties work really well when purchased by a SMSF using a limited recourse loan.  The banks typically will only lend up to 65% on a commercial property when purchased by a super fund, and based on…[Read more]

]]> 0be9a2db920b8eef607576ea3a64e6d8 Evolve replied to the topic Using Super to Invest in the forum Finance https://www.propertyinvesting.com/topic/4401415-using-super-to-invest-2/#post-4633525 Sat, 09 Oct 2010 03:50:18 +0000 Hi Kalkat,I think Richard hit the nail on the head.You time and money would be better spent educating yourself on how you can use your super (via a SMSF) to purchase property.  It seems complex initially, however once you get your head around it it is a fantastic strategy.I have just been reading from the Capital 360 website…[Read more]

]]> d19c1324c9c4dc38a5d257070c484650 Evolve replied to the topic NRAS and Tax Offsets for SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401168-nras-and-tax-offsets-for-smsf/#post-4631745 Sun, 26 Sep 2010 04:15:42 +0000 Hey Tim,Yes – that is correct – bare trust, property trust, debt trust, custodian trust all names for the same thing when talking about SMSF borrowing / limited recourse loans.You need another company (with it's own ACN – not ABN) in addition to the trustee company of the SMSF for most lenders.The following table is a quick reference to what the…[Read more]

]]> 8daae4b3faf38220adc144c64e26a3b5 Evolve replied to the topic NRAS and Tax Offsets for SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401168-nras-and-tax-offsets-for-smsf/#post-4631743 Tue, 21 Sep 2010 10:58:04 +0000 Hey again tdorgan,Another thing I previously didn't mention was that with SMSF limited recourse loan purchases (previously known as instalment warrants) – you can only have one property per trust.  This was clarified by the government in their update to the SMSF borrowing rules that came into effect on the 7th of July 2010.This means one property…[Read more]

]]> 5d24f5af833c7c0404996241eb63f0f1 Evolve replied to the topic Costs of Financial Planning Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400537-costs-of-financial-planning-advice/page/2/#post-4627956 Tue, 21 Sep 2010 10:36:55 +0000 lifesjourney wrote:
Richard,I Have the July API didnt see you in it. CheersMatt

Try the August issue – pages 44 to 48Worth a read.  You will see a pattern with all the guys featured – I will give you a clue – starts with 'cash' and ends with 'flow'This is the first time I have actually bought API magazine – it seemed a good read – I just had…[Read more]

]]> 8003409b1afdab9304b833b78d370e33 Evolve replied to the topic Six year rule for CGT Clarification in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401174-six-year-rule-for-cgt-clarification/#post-4631760 Mon, 13 Sep 2010 10:54:28 +0000 Daniel,In some circumstances – yes – it may be better for people to move out of their PPOR for a period of time and rent due to the additional tax benefits.  However in reality there are a lot more reasons and complications not to do it (finding tenants, being a tenant again yourself, is the property you are renting as good as your PPOR etc).  I…[Read more]

]]> b964636b69b8f253427a47d7f1e5adb8 Evolve replied to the topic NRAS and Tax Offsets for SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401168-nras-and-tax-offsets-for-smsf/#post-4631741 Mon, 13 Sep 2010 10:42:46 +0000 Hi t-dorgDon't get too caught up with all the technicalities and wording of how the NRAS incentive works.What you really need to know is that your SMSF will be the beneficial owner of the property and hence will receive the all the taxation and incentive benefits.  As with your previous SMSF purchase the entity which 'holds' the property title…[Read more]

]]> 0eb2ac588555e01c8aae57493be280ef Evolve replied to the topic structuring property loans in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401048-structuring-property-loans/#post-4630935 Mon, 30 Aug 2010 11:32:22 +0000 Hi Cath,The previous comments are on the right track.You can utilise the monies in your SMSF as the deposit on an investment property – and it is a superb strategy if you have support from people who know what they are doing in terms of the structure and getting the loan across the line. What you really need to know is that in general, your SMSF…[Read more]

]]> f77fbfc7a42a7d6ab1d72a3441adc204 Evolve replied to the topic Property Investing for Gen Y in the forum Help Needed! https://www.propertyinvesting.com/topic/4400936-property-investing-for-gen-y/#post-4630203 Sat, 21 Aug 2010 12:53:22 +0000 Scottdog,Read read read and then read some more.Grab a copy of API magazine (Australian Property Investor) when you can and read the stories – focus on the real issues – which are sometimes glossed over.You will need good advice once you get started – find a good tax accountant and a good conveyancing lawyer – ask around places like this for…[Read more]

]]> 4bc16e7c760d1f4d1a43374413469078 Evolve replied to the topic Living in Australia but working and taxed in PNG with Investment property here in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400830-living-in-australia-but-working-and-taxed-in-png-with-investment-property-here/#post-4629588 Thu, 19 Aug 2010 12:00:11 +0000 Terry has it right.If he is still an Aussie resident for tax purposes then he declares all worldwide income (i.e. including PNG income with a credit for PNG tax paid).Negative gearing runs as normal.Your accountant should be able to confirm all this and give specific estimates as they will know more detail about your personal tax situation.Good…[Read more]

]]> 7c49f05bd25d236ddddb67f3e3c62283 Evolve replied to the topic Regarding tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400731-regarding-tax/#post-4629139 Mon, 16 Aug 2010 10:31:32 +0000 As Dan42 said, any returns will be amended to claim the additional tax deduction for the body corp fees.Exactly who claims the deduction depends on who was the legal owner at the time the expense was incurred.There might be a situation in the year the divorce settled where the deduction is 50/50 for part of the year and then 100% in one persons…[Read more]

]]> 9282a1852cc0a36ecba701b4e08ace64 Evolve replied to the topic Changing from Individual trustee to corp trustee for SMSF Holding trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400724-changing-from-individual-trustee-to-corp-trustee-for-smsf-holding-trust/#post-4629085 Mon, 16 Aug 2010 10:25:46 +0000 Kuradji – can you give us an update – how has this purchase progressed?

]]> 8de46ef91d1f3bb71b5d971812872e65 Evolve replied to the topic Living in Australia but working and taxed in PNG with Investment property here in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400830-living-in-australia-but-working-and-taxed-in-png-with-investment-property-here/#post-4629585 Mon, 16 Aug 2010 10:23:27 +0000 Jps,Have you received advice in regards to whether your husband will be an Australia resident or not for tax purposes?This will have a lot to do with giving an appropriate answers.Cheers

]]> daa02a3f3898ba7376741717977e7329 Evolve replied to the topic Property Investing with a friend in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400861-property-investing-with-a-friend/#post-4629815 Mon, 16 Aug 2010 10:20:16 +0000 Excellent response Terry,If I can put a practical application on your suggestions:- I would utilise a unit trust structure- I would set up a company to be trustee of the unit trust with both yourself and your mate as the directors and shareholders- Miike to drawdown on your equity as a separate loan and use the funds to purchase units in the unit…[Read more]

]]> a68b504493b467154b329d8edf9281c8 Evolve replied to the topic Property Investors Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400882-property-investors-trust/#post-4629908 Mon, 16 Aug 2010 09:46:52 +0000 Hi guys,To make the matter even more confusing, I have also seen another type of 'property trust' which basically is a discretionary trust where the deed has built in loan agreements that apparently shift the deduction for the interest from within the trust out to the individual.Again, as an accountant I am typically not happy with these type of…[Read more]

]]> a5522ecf58bebd1e813cce84ce5bcdc7 Evolve replied to the topic Company or Trust for Investment Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400837-company-or-trust-for-investment-property/#post-4629633 Tue, 10 Aug 2010 12:11:16 +0000 Yeah – this is a pretty common question.Lets look at the options:1. Buy in your personal name:– if negatively geared then you will reduce you taxable income and save you 37 cents in the dollar (plus 1.5 cents medicare) for every dollar the property is costing you – this is good and could even make it cash flow positive once you take into account…[Read more]

]]> f3c0cb71bef3eb75b307cadccc24e658 Evolve replied to the topic Tax Time in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400836-tax-time-2/#post-4629628 Tue, 10 Aug 2010 11:51:34 +0000 Hi Cookie Monster,Well, assuming the depreciation relates to the investment property, then the expense is connected to the receipt of rental income – so the accountant has it right – it definitely goes with all the other expenses relating to the property.Where else do you think the depreciation would go?Would you like me to tell you exactly what…[Read more]

]]> 59b8ac91be8fa95eaf0d9225810f35ee Evolve replied to the topic JDL Strategies in the forum General Property https://www.propertyinvesting.com/topic/4400675-jdl-strategies/#post-4628722 Tue, 27 Jul 2010 02:27:00 +0000 Hi Winnie,I have heard of them.Found some more info here also:http://www.somersoft.com/forums/showthread.php?t=60754Good luck with your research.

]]> d865617624f20bdb6cc5897fc0816feb Evolve replied to the topic Buying inside a SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400449-buying-inside-a-smsf/#post-4627485 Thu, 22 Jul 2010 06:02:37 +0000 Great info about the anti-detriment payments L.R.Pity you have to die to access them!But seriously, estate planning is important in a SMSF – especially with lumpy assets such as property.The anti-detriement reserves are a superb gift to give to future generations. The tax deduction (and more importantly the tax loss it creates) can amount to…[Read more]

]]> 382477d0a7af095e719ff7cb36c319e0 Evolve replied to the topic Am I allowed to ask a tax question? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400541-am-i-allowed-to-ask-a-tax-question/#post-4627983 Sun, 18 Jul 2010 10:37:39 +0000 Yeah – you pay the 1.5% medicare levy – which is different to the medicare levy surcharge which is on top of that.As per Mr5o1CheersEvolve

]]> 704b2a304275c5cc041cdb71ffa25237 Evolve replied to the topic Trading Trust w Corporate Trustee buying IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400573-trading-trust-w-corporate-trustee-buying-ip/#post-4628112 Sun, 18 Jul 2010 10:34:15 +0000 First of all – congrats on getting your business cranking and generating a nice juicy profit AND excess cash flow!Generally, you should keep your business interests and your investment assets legally separate.  This means buying any assets in a different name i.e. a different trust, super fund or a beneficiary / spouse who is not a director of…[Read more]

]]> 95dfcb620ff8545c0af086dfe2cfc7be Evolve replied to the topic Should I set up a trust for my first IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400582-should-i-set-up-a-trust-for-my-first-ip/#post-4628167 Sun, 18 Jul 2010 09:49:41 +0000 Good answers provided TerryChoosing an appropriate structure for a particular investment property purchase is a very difficult question because, as Terry pointed out – there are so many factors to consider!  Good topic for a sticky post. You can always double check what is best by seeing an accountant or two – most of them will not charge (or…[Read more]

]]> 5ba791da7e0cf8caa15117668429d866 Evolve replied to the topic Costs of Financial Planning Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400537-costs-of-financial-planning-advice/page/2/#post-4627952 Sun, 18 Jul 2010 09:33:22 +0000 Dan42 wrote:
Hopefully the banning of commissions will weed out some of the rogue operators, and stop mum and dad Australia being placed into businesses like Westpoint and Fincorp, and losing their money.

I have seen way too much of this in my professional career thus far.  Trying to prevent honest hard working people from getting ripped off is…[Read more]

]]> 7e4b4710aae6876330fcade911a4947e Evolve replied to the topic Costs of Financial Planning Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400537-costs-of-financial-planning-advice/page/2/#post-4627951 Sun, 18 Jul 2010 09:27:30 +0000 Thanks for additional info Number8 – it does put a totally different spin on what you have said and it looks like I did something I typically don't like doing – making an assumption!Thanks for giving some constructive criticism and acknowledging that in certain areas I do personally provide value and answer a few questions here and there – rather…[Read more]

]]> 9736a71d25ffea7d8ff689bc6a247471 Evolve replied to the topic Costs of Financial Planning Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400537-costs-of-financial-planning-advice/#post-4627939 Thu, 15 Jul 2010 07:40:50 +0000 Wow – reading this thread has been a lot of fun.I just want to point out that this is a property investing forum – so a lot of the post / comments are from people who are into doing it themselves via property.Before I comment, I will disclose a few things about myself:- I am a chartered accountant and SMSF specialist adviser (SPAA) – I also have a…[Read more]

]]> b09651fd1254ad9fec64492e7657a48f Evolve replied to the topic Buying inside a SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400449-buying-inside-a-smsf/#post-4627482 Thu, 08 Jul 2010 09:45:58 +0000 Yeah – a few comments and expansion:The exemption for Accountants (such as Chartered Accountants, CPAs & members of the NTIA) is currently still in place.  It is slated to be removed from 1 July 2012 – two years from now.  This is because the Government does not have a solid plan on how to replace the current exemption. The following is from a p…[Read more]

]]> da87f3153ebc50321885c1d7784c2348 Evolve replied to the topic discretionary familoy trust to buy property before paying income tax? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400006-discretionary-familoy-trust-to-buy-property-before-paying-income-tax-2/#post-4624805 Sun, 04 Jul 2010 08:22:25 +0000 I have only briefly skimmed the previous responses, however have you considered utilising a SMSF to purchase the investment property?A SMSF has the following advantages:- You can now borrow – same as if in a trust or in your own name- Superb asset protection (better than a family / discretionary trust)- You can get a tax deduction for your…[Read more]

]]> c9f048db93b20b9fbe8de28e8a387fc2 Evolve replied to the topic Buying inside a SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400449-buying-inside-a-smsf/#post-4627480 Sun, 04 Jul 2010 08:06:03 +0000 Hi SNMI think that Richard has provided some good information, however since I have also had a fair amount of experience with assisting my clients purchase property via their SMSF and utilising I would like to add a few points to assist in blue. a) Is there a restriction as to the type of property that can be bought in a SMSF? eg: block of 3 or…[Read more]

]]> 8d7f1ba89efa4be61733c7dde84d7958 Evolve replied to the topic Rent property to family/relatives in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399468-rent-property-to-familyrelatives/#post-4621706 Sun, 11 Apr 2010 06:09:00 +0000 Answers to your questions:1. Can the rental price be set at an agreed price or it has to be market value?- Slightly below market may be OK (say 5% ish) assuming they will be good quality tenants and look after the place, however any excessive discounts on the rent may lead to your deductions being reduced proportionately. – Even though they are…[Read more]

]]> 7d6580cba0f99929618c0ab78bec2d86 Evolve replied to the topic GST query in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399132-gst-query-2/#post-4619401 Tue, 23 Mar 2010 10:12:02 +0000 GST is only applicable on the first time sale of brand new residential property.It would pretty much need to be knock-down and rebuild to be significantly / structurally different to be considered a new residential property.No GST issues for most renos.E

]]> 13234ce04f56ca353b757527c24d5bad Evolve replied to the topic Depreciation Schedule when builder quotes turnkey price in the forum A depreciation schedule https://www.propertyinvesting.com/topic/4399224-depreciation-schedule-when-builder-quotes-turnkey-price/#post-4620021 Tue, 23 Mar 2010 10:02:53 +0000 A depreciation schedule prepared by an appropriate qualified professional on a new property should pay for itself 10 times over in terms of the additional tax savings it generates in its first couple of years.If you need a referral to a good quantity surveyor let me know.Evove

]]> e78acc8d7ee114bb959d031b793063e0 Evolve replied to the topic To three or not to three in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399240-to-three-or-not-to-three/#post-4620144 Tue, 23 Mar 2010 10:00:23 +0000 Hi iball,Sounds like a pretty great profit you would make.I understand that you may want to crystallise the price now.Dwolfe is correct – after the rebuild you will be selling 'new residential properties' so you will have GST on the sale price.  You need to take this into consideration.In terms of the structure, maybe a trust with a corporate…[Read more]

]]> 473c674cf2c7434bf8f96128d6661720 Evolve replied to the topic Rules in relation to SMSF when purchasing property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399113-rules-in-relation-to-smsf-when-purchasing-property/#post-4619312 Sun, 21 Mar 2010 08:42:54 +0000 See above.Also, if you have a significant number of residential properties, and it is basically a full time job managing those properties, you can be deemed as being in the BUSINESS of managing residential property.This means each of your properties could possibly be business real property so your SMSF can buy them from you – obviously you need to…[Read more]

]]> 7900f99f4fbd91bbaa8936f95d5c5604 Evolve replied to the topic When to use a trust, and when to use your own name in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399190-when-to-use-a-trust-and-when-to-use-your-own-name/#post-4619797 Sun, 21 Mar 2010 08:38:39 +0000 Have you thought about using an SMSF?If structured correctly you can get the best of both worlds i.e. lower tax when you sell plus lower tax all the way through – regardless of whether it is positive or negatively 'geared'.Want to know more? If so let me know.CheersE

]]> 6853336f38e524df02eabe4cb1651939 Evolve replied to the topic Super Fund Borrowing for Commercial Property - Need Accountant ?? in the forum Commercial Property https://www.propertyinvesting.com/topic/4398935-super-fund-borrowing-for-commercial-property-need-accountant/#post-4618045 Sun, 14 Mar 2010 03:07:08 +0000 Olli,I reckon you need a person or firm who is the following:1. CPA or Chartered Accountant2. SMSF Specialist Advisor with SPAA3. Holds an AFSL (will be required for any and all who advise on SMSF borrowings / Instalment Warrants as per Gov press releases)4. Experience in similar transactionsAll the bestCheers

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