PropertyInvesting.com | Hugo | Activity https://www.propertyinvesting.com/members/hugo/activity/ Activity feed for Hugo. Sun, 12 Apr 2026 16:05:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e39de55607b7ccc3c17013f2792746e3 Hugo replied to the topic Victor Kumar Right Group Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4379592-victor-kumar-right-group-australia/#post-4511880 Fri, 08 Apr 2005 09:21:40 +0000 http://www.rightgroup.biz/index.html

]]> 912a84cfac1f7fd885d5102278665f8b Hugo replied to the topic Converting non deductible debt into deductible in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379241-converting-non-deductible-debt-into-deductible/#post-4509696 Wed, 30 Mar 2005 12:41:23 +0000 Thanks Terry.

]]> 1da321fc686ed6bb467c9f94e65cbf01 Hugo replied to the topic Converting non deductible debt into deductible in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379241-converting-non-deductible-debt-into-deductible/#post-4509694 Tue, 29 Mar 2005 10:24:08 +0000 Terry good point!

What I meant to say was if the trust has made a profit of $13,000,(no loan ,no interest to pay)

Will tax only be applicable at 30% if I the trustee want to access that money?

]]> 200b4161ab4b8ed2c530460b6b259b5a Hugo replied to the topic Converting non deductible debt into deductible in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379241-converting-non-deductible-debt-into-deductible/#post-4509692 Tue, 29 Mar 2005 00:35:56 +0000 Thanks for all the help everyone.

One last question

If the trust has earned $13,000 in rent but has paid $20,000 in interest,the trust wont have to pay any tax on the $13,000.

If I the trustee want to get my hands on the $13,000, will I have to pay 30% tax on it?

]]> 12b10445799bfc322f452e2af51f4682 Hugo replied to the topic Need Help turning PPOR into IP in the forum No Subject https://www.propertyinvesting.com/topic/4379375-need-help-turning-ppor-into-ip/#post-4510606 Mon, 28 Mar 2005 03:45:05 +0000 Padma what you are suggesting is exactly what I wanted to do. But I cannot convince her. Her argument is we both work in the city and it takes 50 minutes to commute from my place and 20 minutes from hers. It’s not a bad argument but I would of put up with the extra travel, then again I am used to it.

Derek I am strongly considering your opti…[Read more]

]]> 11f5fef42e2f7908a7fe458f3ca79f8e Hugo replied to the topic Converting non deductible debt into deductible in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379241-converting-non-deductible-debt-into-deductible/#post-4509690 Fri, 25 Mar 2005 11:22:12 +0000 Terry,

So I sell the home I now own to my own discretionary trust which I am the trustee.

The trust obtains a loan for say $300,000 and pays this money to me, which I use to pay off my new PPOR.

The trust now has to pay tax on the $13,000 in rent its earning from the property.

However the trust is paying $20,000 in interest on the $300,000…[Read more]

]]> aee1283d6637470ea6814b64b1526a9a Hugo replied to the topic First home owners grant in the forum Help Needed! https://www.propertyinvesting.com/topic/4376729-first-home-owners-grant-5/#post-4494238 Thu, 24 Mar 2005 12:20:30 +0000 Have many people done this?

jhopper are you sure this is legal?

Just something additional if it applies to you. If serviceability is an issue for the loan, which it was in our case, you can have the property in your partners name, the debt in joint names and still be eligible for the FHOG.

I had had proprty before, my partner hadn’t and we…[Read more]

]]> 956feb48d4c744c15d4ef0b7eac6bdd1 Hugo replied to the topic Converting non deductible debt into deductible in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379241-converting-non-deductible-debt-into-deductible/#post-4509687 Mon, 21 Mar 2005 12:27:19 +0000 Surrey,

What you said makes sense. Maybe I should sell the whole IP to her.

Terry,

Could you explain how a trust works?

]]> 675f25368d779ab3f9515267b7efb903 Hugo replied to the topic Flooring choices in the forum Help Needed! https://www.propertyinvesting.com/topic/4378989-flooring-choices/#post-4508184 Sat, 19 Mar 2005 13:37:31 +0000 Thanks for the help everyone.

I think I am going to go with a solid timber floor rather than a floating one.

Has anyone used Rex Flooring in Sydney?

Are they any good?

]]> 1e2b66bd966a45ac37bc6519377ddf23 Hugo replied to the topic Flooring choices in the forum Help Needed! https://www.propertyinvesting.com/topic/4378989-flooring-choices/#post-4508176 Wed, 16 Mar 2005 13:39:23 +0000 Anyone know where I can get a good price for a floating timber floor? Have about 80 m2

]]> fee1749645abb62c8ae6bf4e7ea44cc9 Hugo replied to the topic Can anyone recommend a good financial adviser? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379077-can-anyone-recommend-a-good-financial-adviser/#post-4508748 Wed, 09 Mar 2005 21:30:18 +0000 Sorry to be so glum but one of my investors a young guy from Parramatta was gobsmacked by a bank X guy who said 18 months ago dont buy property its too risky, told this 21 yo to take out a loan to buy shares and invest in his(surprise surprise) managed fund.

DD I think I went to this same guy in Parramatta
because he told me to do the same…[Read more]

]]> 6b69c5825020d9fa3f7349fa8a727558 Hugo replied to the topic Need Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4379052-need-advice-5/#post-4508554 Tue, 08 Mar 2005 11:20:30 +0000 Thanks for the help guys.

One last question

Does anyone know how much depreciation you can claim on a 10-year-old property?

And can anyone recommend a good Financial Adviser or Accountant?

]]> 049f9b3bdfdc949242e776bb3fc00a68 Hugo replied to the topic Need Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4379052-need-advice-5/#post-4508550 Tue, 08 Mar 2005 08:50:43 +0000 Thanks for the reply Jeff.

Yes I am borrowing $388k to purchase the other property I wish to live in.

Although if I sell the property I currently own I will only need to borrow 88k.

This is the problem.

As I said my preference is to keep the property and use the rent to help me pay the new property off.

Although I will be paying a lot of…[Read more]

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