your link does not seem to work, for me anyway.

Try this one http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm

and scroll down to “Tax on capital gains”

jsandso

Oh dear,
The amount of misinformation masquerading as fact being spread around here is staggering!!

I have just done a little research in regards to CGT and believe that the capital gain is not added to your gross income.

Therefore it is not lifting you up into the next tax bracket it is only taxed with your marginal tax bracket you are…[Read more]

$56,051.00 Capital Gain
50% discount because property was held for more then 12 month
= $28025.50

With $80,000.00 Gross Income Jack is in the 47% tax bracket therefore

$28025.50 x 47% = $13,172 CGT

As usual it is simpler then I thought.

I believe that there is a little mistake in your results in regards to the capital gains calculation.

-$6,796.18 Capital Gains Tax (25%)

I got a different result and to confirm that my calculation is not to far off I searched for a calculator on the Internet and found one here http://www.cch.com.au/cgi-bin/cgt00isapi.dll/
which…[Read more]

use the search function under Forum Boards / Search,
there were a few recommendations for WA accountants.

jsandso

the property is negativly geared $29/week or $1500/annum
value of property after 5 years= $161,051
rental yeild = 7.8%
IRR (5 Years) = 76.58%
Gross profit after 5 years = $47,690
less $11,351 CGT = $36,339
less 3% ($4831) selling agent commission = $31,508 net Profit (Not including depreciation)

I think for some people…[Read more]

But I also rang the council and they were very helpful and it took only 2 minutes to find out the construction date after answering…[Read more]

From The West
http://www.thewest.com.au/20050427/news/general/tw-news-general-home-sto131035.html

you are right it is the medicare levy what I was missing. I should have taken the time to read it properly.

Thanks again

jsandso

yes it is Landlords responsibility, as it is your house you don’t want it eaten away alive by white ants.

It cost us about $130/year per property here in Perth.

That pest control guy just found termites in a piece of timber I put in the ground 4 years ago to seperate the vegie patch from the garden beds. Millions of them, that whole…[Read more]

The expected completion is 2016, No. of homes 4500, No. residents 12000

Blocks from…[Read more]

jsandso

congratulation to your new purchase.

I know the cardinal rule in property investing – don’t buy with your heart, buy with your head – but I do believe if you liked it, so will a prospective tenant.

I agree but everything else should be considered as well like transport, shops, schools, kindergarten and so on. I believe you have made…[Read more]

We supplied our tenants with a Kreepy Crawly and a pool brush. I want there kids to be as save as possible when using the…[Read more]

When I then rang one of the numbers the person who answered was very upset that the shire gave me the addresses and numbers.

Needless to say they did not want to sell…[Read more]

You mentioned Landsdale, which got me interested as that is where I live. Blocks here have almost doubled in the last 4 years.

Jsandso

Thanks

jsandso

jsandso

We used to use a small RE Agency to setup tenants for us. They where screening the applicants, done all the paperwork and condition report. After the tenants moved in we took over and…[Read more]

I would recommend AVAST Antivirus instead Norton, it’s free for personal use and works well. You can get it from http://www.avast.com/

You may want to install Excel for all your little spreadsheets.

just my 2 cents

just look up Relocation Consultants &/or Services in yellowpages.com.au and you will find a long list.

Some companies are only interested in executive homes with as many features as possible like pool, rev. cycle aircon, ocean views and so on. But some are also interested in normal residential homes as long as they are in good location…[Read more]

what I’ve tried to ask is if I’m as landlord put an ad in the paper looking for a tenant and put my privat phone number in and no real estate agency name or number, would it be more likley to get calls from bad tenants on a black list?

I do believe so, but would like to hear other peoples experience.

What annoys me only is that they took our business and half way through they tell us sorry we don’t do this anymore.

hotshot,
it is not about blaming someone, it is about an Agency which does property managment without even…[Read more]

Unless if the property is suitably located to be a long-term rental proposition, you are unlikely to get the same CG level (less people will be interested in buying it – only investors).

That’s the good thing about that house, it is suitable as a normal rental property as well as holiday r…[Read more]

try to get your computer scanned online.

http://www.trendmicro.com.au/free_tools/index.htm

or

http://us.mcafee.com/root/mfs/default.asp?cid=9913

Good advice from Word, install “zonealarm” once your computer is clean.

I also can recommend SpyBot its free its great it does not find viruses but it will find adware and spyware.…[Read more]

Our PM told us today about an agency which is specialised in providing short term rentals for immigrants mainly from UK.

Apparently they renting the property, so we don’t have to worry about vacancy and cleaning. We have to give them a call as soon as we get the number from PM.

>>For a small fee you can also…[Read more]