The ATO aren’t trying to crack down on claims, they are looking at the actual structure of investments and businesses. If you invest in property via a company/trust set-up they are looking to ensure you are actually a business. If not your structure will be null and void, irrespective of how good your records…[Read more]
The idea of buying +ve cashflow properties is to make money and I am sure you know that to make money there’s alway risk and in this case the risk of no tenant ie. turn +ve to -ve cash flow property. But that’s is part of the investing process.
For me I like to buy +ve cash flow property (PCFP) where there is a chance of capital gain…[Read more]
Can someone advise me of the normal arrangements in regard to who pays WHAT outgoings in relation to a commercial property. My understanding is that the tenant pays all outgoings, including lease preparation costs, but excluding some repairs.
Just a quick subject that might attract some interest:
If a written offer is accepted have you committed to buying the house? Yes, if you don’t have a clause with subject to:
1. Finance approval within XXX days.
2. Building Inspection Report to purchaser’s satifactory
3. Pest Inspection Report to purchaser’s…[Read more]
Originally posted by ANUBIS:
Anyone concerned by the ATO’s announcment that they intend to target company/trust structures set up to minimise tax by redistributing income?
I would imagine this may affect quite a few people from PI.com. Apparently some test cases are prepared and ready to roll, to ensure that if it isn’t a business by ATO…[Read more]