PropertyInvesting.com | Ian McNab | Activity https://www.propertyinvesting.com/members/ian-mcnab/activity/ Activity feed for Ian McNab. Wed, 15 Apr 2026 04:37:30 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 769921331dcb1cbefe7fa5c436539374 Ian McNab replied to the topic Trusts for one?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372350-trusts-for-one/#post-4463719 Fri, 02 Apr 2004 00:07:23 +0000 I think I get this now. You set the trust up and all family and relations get picked up under the general beneficiaries. As trustee though you may choose who if any to distrubute to. In practice, this could just be yourself.

Ian

]]> 26b627d2dfe9fb23ba0b8ea030c116dc Ian McNab replied to the topic The 3 P's of Property in the forum General Property https://www.propertyinvesting.com/topic/4372460-the-3-ps-of-property/#post-4464493 Thu, 01 Apr 2004 02:26:38 +0000 Thanks Steve,

I’d like to add another ‘P’ if I may, similar to Passion, and that is Persistence.

To quote Calvin Coolidge:

“Nothing in the world can take the place of persistance.
Talent will not; nothing is more common than unsuccessful men with talent.
Genius will not; Unrewarded genius is almost a proverb.
Education will not; the world is…[Read more]

]]> 1298b4f66006607e4364e2fcbfe783f7 Ian McNab replied to the topic buyer beware in the forum No Subject https://www.propertyinvesting.com/topic/4372187-buyer-beware-2/#post-4462180 Mon, 29 Mar 2004 08:11:14 +0000 Originally posted by breakingout:
Hi Ian

we have been out and about several times a week. had a lovely day on the sunshine coast-saturday, beautiful very heavily negitive geared unit at caloundra – would be better for those in a higher tax bracket. Did see some units 2 of which we a seriously considering just waiting for replies from the all…[Read more]

]]> 55999f003bf8ed8c7f8f80cace6b252d Ian McNab replied to the topic Company's and Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372421-companys-and-tax/#post-4464261 Mon, 29 Mar 2004 07:59:59 +0000 Alison,
Still learning here myself… but my understanding is that a trust is not a legal ‘entity’ for tax purposes and that tax benefits/liabilities flow through the structure to the beneficiaries who pay at their appropriate tax rate.

Any benefits retained by a trust are taxed at the top tax rate.

Places to start looking are Steve’s Wealth…[Read more]

]]> 0f075e74d6422b58be81b8676e3a9ff7 Ian McNab replied to the topic Trusts for one?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372350-trusts-for-one/#post-4463713 Mon, 29 Mar 2004 07:53:49 +0000 Terry,

Point taken, thanks. I already have a company which was used when I was doing some consulting work. It is essentially mothballed at the moment (still have to do those pesky BAS forms though!).

I’ve thought about using this as the corporate trustee, but I believe that you should separate a trading business from the property side.

This…[Read more]

]]> f398af2353fa3e256a0e4c050b738b80 Ian McNab replied to the topic buyer beware in the forum Heads Up! https://www.propertyinvesting.com/topic/4372187-buyer-beware-2/#post-4462176 Fri, 26 Mar 2004 10:47:32 +0000 As Steve says, to look at an area, you need to hop in the car and have a look. It gives you a chance to get a feel for the area, have a look in real estate windows and pick up the local paper in a newsagents.

]]> aa0a67a855fa4661d3556a7c02c62b8f Ian McNab replied to the topic Steve Live in the forum Heads Up! https://www.propertyinvesting.com/topic/4371926-steve-live-2/#post-4459922 Thu, 11 Mar 2004 08:39:56 +0000 I’ll be there. I get a chance to put some faces to names and invest in my education at the same time[:)]

]]> 019c05a1e682fe18c7437a58b467c7f0 Ian McNab replied to the topic Addresses where I can find NZ local council info in the forum General Property https://www.propertyinvesting.com/topic/4371849-addresses-where-i-can-find-nz-local-council-info/#post-4459233 Mon, 08 Mar 2004 13:43:20 +0000 Recovery,

You could try this one…[:D]

http://www.govt.nz/en/search/topic-service-single-record/?urn=urn:nzgls-sn:100002:1000022

I think I’ve hit just about every local council in OZ over the last few hours compiling my list. Just about ready to start on NZ.

Ian

]]> 4d1b06d8fbd150b2b2ad35a8e3479e5f Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454470 Mon, 08 Mar 2004 11:24:39 +0000 Also, on the topic of mailing out CD’s with the program, if you want to drop me a private email with a contact address, I’ll see what I can do.

Happy to make this one a freebie (as long as I don’t get buried in too many requests for CD’s.)[^]

Ian

]]> 78fe57e495a8d134c0d920efaaf29bb9 Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454469 Mon, 08 Mar 2004 11:19:34 +0000 1. I am in the process of upgrading the program to a database which will cater for AU & NZ.

Given that NZ don’t have states, this will be set to N/A. I will be including a coutry field. Though I will need help if there are variances in tax laws (undoubtedly).

2. Deductions doesn’t do anything yet. It is a work in progress (I should have hidden…[Read more]

]]> 090202d479799fdc13c483998b3e0511 Ian McNab replied to the topic Free Property Program (x-post from Heads Up) in the forum No Subject https://www.propertyinvesting.com/topic/4371611-free-property-program-x-post-from-heads-up/#post-4457442 Sun, 29 Feb 2004 23:41:28 +0000 Originally posted by Lucifer_au:

…snip…

Also can you put in a capitlisation tick box (as I get all my loan costs where possible). This could add to a saleable difference…

Lastly my help file executor has become corrupt so I couldn’t look up (or figure out) your ‘Deductions’ section, with the ‘memory’ (1,2,3,4,5 boxs) section, but I guess…[Read more]

]]> f5513400a42e797a4c25afd4ef0f5060 Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454463 Sun, 29 Feb 2004 23:34:47 +0000 My program is only 420Kb zipped, its the damn MS Frameworks [:(!] which are so big!

Ever seen a small service pack??

Apologies….

]]> e05ffc7ee7abd4d8d191be55a9fef08b Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454459 Sun, 29 Feb 2004 12:04:50 +0000 Urgh, dialup…

Couldn’t go back there again, just too slow, ADSL is so more better [:p]

I know the 23 mb download is a pain, but it is a once off (required by any app written in MS .Net)

The version I am currently working on will have hooks into a bunch of websites, so from within the program you will just click a button to automatically…[Read more]

]]> 3ad7880d5222707355f0e1b0f02a1df8 Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454457 Sun, 29 Feb 2004 05:05:41 +0000 All,

Well, I’ve had a few reads but no responses[8)]
Does this mean:

a. The program is of no interest?
b. It is of no use?
c. People have their own tools and don’t need it
d. It could be interesting, but is currently to limiting?
e. It looks interesting and they haven’t got around to commenting yet..

Seriously though, I am doing a bit of work on…[Read more]

]]> b367069bea2204126cf39f68d863711f Ian McNab replied to the topic Property Investment Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4371261-property-investment-program/#post-4454456 Mon, 16 Feb 2004 06:12:12 +0000 Oh, and also, all the usual disclaimers apply, I’m a programmer not an accountant. Please seek a second (qualified) opinion before doing anything this program may recommend.

PS: I am working on an update at the moment which includes payback periods and allows you to load and save.

If we get some interest, I will make it available.

Cheers,
Ian [:)]

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