PropertyInvesting.com | Julia | Activity https://www.propertyinvesting.com/members/julia/activity/ Activity feed for Julia. Sun, 12 Apr 2026 04:16:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ae05b04f49af1772afad84420cca5c55 Julia replied to the topic Borrowing to Pay Interest in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380239-borrowing-to-pay-interest/#post-4516167 Sat, 14 May 2005 11:54:45 +0000 Hi, Don’t normally post here now because of the Green words but battleships contacted me. The following is an article I wrote when Hart’s case was decided. It is a bit wordy but worth the read.

From Booklet: Rental Properties, Claimable Loans, Real Estate Agents
Hart’s Case Decided for the ATO – Linked Split Loans
NewsFlash Issue: 82
By: Ju…[Read more]

]]> dc00f7694512fbee61e9565b999987c4 Julia replied to the topic Chartered Accountant vs Certified Public Accountan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378214-chartered-accountant-vs-certified-public-accountan/#post-4503505 Sun, 23 Jan 2005 15:06:45 +0000 Betterbiz,
You may have the right idea as I believe it can be a problem when the ATO and practitioners have the same professional body. But then some ATO staff are CAs so the whole thing needs re alining.

Bwendan,
Thanks for the information. I have sent it to the CPAs and asked why.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 70327e3986c02ae2d6f802b27ccd0253 Julia replied to the topic Chartered Accountant vs Certified Public Accountan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378214-chartered-accountant-vs-certified-public-accountan/#post-4503498 Sat, 22 Jan 2005 14:51:46 +0000 What a load of crock Yack,
The reason that vote on merging was taken 5 to 10 yeas ago was because for several year before that the CPAs had had just as stringent membership requirements and training. Yet the CAs some how still thought they were better so voted against the merger. That is all history now and the CPAs are still the major…[Read more]

]]> ad9d528205ac1a1a29b4000560bec0a0 Julia replied to the topic 99% 1% joint ownership ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377905-99-1-joint-ownership/#post-4501534 Mon, 17 Jan 2005 13:54:14 +0000 Brownegaz

Have a look at the rental property salary sacrifice kit at http://www.bantacs.com.au

Julia

]]> 710b1431d216b03689a1228791a67da8 Julia replied to the topic Donnybrook and Toorbul areas in the forum General Property https://www.propertyinvesting.com/topic/4377821-donnybrook-and-toorbul-areas/#post-4501000 Fri, 07 Jan 2005 04:39:51 +0000 Skidaveski,
Have a look at Beachmere, same shire, better beach, closer to Brisbane, School, shops, reastaurants, club, buses. Yet still small commuity 10 minutes from Caboolture. I know of a large block quiet street yet heart of town and accross the road from waterfront properties only $300,000.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 18d7c8be60e1fb4ff14d9226aa6ca1c0 Julia replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/page/2/#post-4500025 Mon, 03 Jan 2005 03:33:47 +0000 Thanks Jo and Oldtimer,

Yes I had a look around Somersoft last night.

Thanks for the encouragement.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> bc8359078872ddd45688a16c77811812 Julia replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/#post-4500022 Sun, 02 Jan 2005 13:44:39 +0000 Steve,
Thanks for your reply but I don’t quiet understand. This template? How do I remove it from my posts? Please keep it simple my mind has nothing left after dealing with tax law. How do I remove the green words from my posts.

Julia

]]> e82fc939952074c2ecb23787a651be20 Julia replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/#post-4500015 Sat, 01 Jan 2005 12:42:22 +0000 Steve,
The first time I read a post with the green words I assumed the person who wrote the post made the links. I do not want people assuming that with my post as it then appears that I endorse your products. Just as I’m sure you don’t want to be liable for anything I write in forum I don’t want to put my name to anything you are trying to…[Read more]

]]> 55bd6df7168698d85f060ac7cb00e3f7 Julia replied to the topic Write off depreciating item in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377679-write-off-depreciating-item/#post-4500139 Fri, 31 Dec 2004 06:13:51 +0000 Clint,
Its revenue, plant and equipment are no longer subject to capital gains tax.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> bb4d955a1ec65ad3977c0cb5ef24f556 Julia replied to the topic Converting Super Funds to Real Estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4377671-converting-super-funds-to-real-estate/#post-4500066 Fri, 31 Dec 2004 05:42:48 +0000 It is the ongoing cost of running a smsf that I am talking about. If you use a public fund you will be charged an annual administration fee of between 1 and 2% of the amount invested. If you have your own fund your fixed costs will be between $1,500 to $2,000 per year.
If you have $150,000 in super you are going to pay between $1,500 and $3,000…[Read more]

]]> 69f6b40ce73fafa3700a6d54fbd7d472 Julia replied to the topic Newbie, got a few Q's in the forum Help Needed! https://www.propertyinvesting.com/topic/4377680-newbie-got-a-few-qs/#post-4500140 Thu, 30 Dec 2004 09:20:17 +0000 Big A
Please excuse the strange spelling on some words but I am trying to avoid the green words so any relevant words I will mixed up the last two or three letters. Sorry but I refuse to have my posts look like I am advertising Steevs work.

You borrwo againsts the equiyt in your hoem then lend it to your truts

You have to pay GST on any…[Read more]

]]> 7c9f85b829c82da42a83472b98d71af3 Julia replied to the topic Underlined words in posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4377668-underlined-words-in-posts/#post-4500006 Thu, 30 Dec 2004 08:40:37 +0000 I particularly do not like the green words because it makes it look like I recommend the product. I think it is very unethical of Steve to edit my posts in such a way.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 6d5939ffa65f9f9c012ddd86da56b77c Julia replied to the topic Offsetting Capital Gains in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377672-offsetting-capital-gains/#post-4500068 Thu, 30 Dec 2004 05:04:55 +0000 Michael C

This rollover relief only applies in America. Robert Kiysaki talks and writes about it but it does not apply in Australia, he is from the US. In special cases such as compulsory acquisition rollover is allowed otherwise it is only available to active assets of a business and it specifically excludes assets that have been used to…[Read more]

]]> 6de9d78538d892285512b4b088c56a5f Julia replied to the topic Converting Super Funds to Real Estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4377671-converting-super-funds-to-real-estate/#post-4500062 Thu, 30 Dec 2004 04:58:26 +0000 Michael C
You can roll over other super into your own SMSF. From 1st July, 2005 you will be able to specify which super fund your employer pays into. Careful having your own SMSF as the running costs don’t really make it worth it unless you have over $150,000 to invest.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

PS How about…[Read more]

]]> 7b5949b9f1bf4e740d825fa814d1c9f7 Julia replied to the topic Converting Super Funds to Real Estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4377671-converting-super-funds-to-real-estate/#post-4500061 Thu, 30 Dec 2004 04:56:12 +0000 Michael C
You can roll over other super into your own SMSF. From 1st July, 2005 you will be able to specify which super fund your employer pays into. Careful having your own SMSF as the running costs don’t really make it worth it unless you have over $150,000 to invest.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 121fabd4d668ae258a2ccdd43bd7abbb Julia replied to the topic much needed advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4377624-much-needed-advice/#post-4499676 Thu, 30 Dec 2004 04:53:02 +0000 To All,

It is not normally a strategy I recommend because it is so costly to set up but a superfund can enter into a joint venture and the other party borrow money. You have to make sure that any property owned directly by the super fund is not used as security but this is possible within a joint venture. Peter Kane at Maroochydore does the…[Read more]

]]> 9231fca6e0376f332c326eba5587c709 Julia replied to the topic Anyone good at calculating CG tax? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377652-anyone-good-at-calculating-cg-tax/#post-4499862 Thu, 30 Dec 2004 04:43:49 +0000 Wayne,
Your cost base is made up of buying costs such as stamp duty and selling costs such as commission plus holding costs such as rates. Travel costs cannot be included in any of these.
The capital gain is the difference between the selling price and the cost base. You can deduct from this any capital losses on other assets then half it for the…[Read more]

]]> 38d55d0af9631cfa8a3866b44529d3dc Julia replied to the topic Purchasing Business in the forum Help Needed! https://www.propertyinvesting.com/topic/4377634-purchasing-business/#post-4499722 Thu, 30 Dec 2004 04:40:42 +0000 Michael,
I have a booklet on buying a business on my web site http://www.bantacs.com.au under free publications.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 3486819575029fdb395b7de9688c5a0b Julia replied to the topic WRAPS in the forum No Subject https://www.propertyinvesting.com/topic/4376920-wraps-11/page/2/#post-4495153 Thu, 30 Dec 2004 04:33:45 +0000 Please remove the green words from my post as I do not want it to look like I recommend the product it links to.

]]> be0e280350840f1a2e0acd334fba02af Julia replied to the topic Depreciation in the forum General Property https://www.propertyinvesting.com/topic/4377600-depreciation-8/#post-4499438 Thu, 30 Dec 2004 04:28:15 +0000 What is going on with these green words linking to other pages. I object to my posts being altered in this way as it appears I recommend the link! Please remove the links or remove my post.

Julia

]]> 8d4e3774b7d36bfc22c90d16faa271f6 Julia replied to the topic Can anyone work out the CG tax for this? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377653-can-anyone-work-out-the-cg-tax-for-this/#post-4499866 Thu, 30 Dec 2004 04:11:37 +0000 Wayne,
Your cost base is made up of buying costs such as stamp duty and selling costs such as commission plus holding costs such as rates. Travel costs cannot be included in any of these.
The capital gain is the difference between the selling price and the cost base. You can deduct from this any capital losses on other assets then half it for…[Read more]

]]> c7deb1a2201a3fa28b6030e474bed839 Julia replied to the topic New Investor: Investment Costs in the forum Help Needed! https://www.propertyinvesting.com/topic/4377625-new-investor-investment-costs/#post-4499679 Mon, 27 Dec 2004 12:31:50 +0000 ttam,
Go to http://www.bantacs.com.au under tools you will find information on evaluating a rental property that will help you with the numbers. Also under free publications is a rental property booklet.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 80c99e98fcec7f6570c4663fc20dadea Julia replied to the topic much needed advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4377624-much-needed-advice/#post-4499670 Mon, 27 Dec 2004 12:29:01 +0000 Iboffer,
Be careful before you remove money from a super fund. While it is in super its earnings are only taxed 15% and CGT is only 10%. If you roll it over to a pension it could be tax free.

Maybe just Maybe consider setting up your own self managed super fund so you have more flexability in what you can invest in. But you cannot buy domestic…[Read more]

]]> ebbf74e4b10bc23ac85b05774a24ebad Julia replied to the topic Depreciation in the forum General Property https://www.propertyinvesting.com/topic/4377600-depreciation-8/#post-4499435 Mon, 27 Dec 2004 03:28:27 +0000 KJW,
There are a lot of buz words out there that I don’t understand my 18 year old son informs me. I have not read the book but my idea of a positive cash flow property is one that covers its own cost and leaves a little over in cold hard cash. Then of course the capital gain is the icing on the cake.
To work out a positive cashflow you need to…[Read more]

]]> b716a7c79aa734b102fdac08c6c2e2c6 Julia replied to the topic Accountants and Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377378-accountants-and-advice/#post-4497928 Mon, 27 Dec 2004 02:57:16 +0000 DNL,
The kids won’t cop CGT if the property is held in your name either. CGT only applies when the property is sold regardless of whether it is held by a trust or individual.
Nevertheless when you line up all the pros and cons you will probably find a discretionary trust is the best. Mainly because of the flexability in who pays the tax on the…[Read more]

]]> 475baa572d707b60bf72c0bf34e78573 Julia replied to the topic A question on tax-deductible interest in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377342-a-question-on-tax-deductible-interest/#post-4497672 Thu, 23 Dec 2004 02:53:45 +0000 Just Allan,
137/157 of the interest on the loan will be deductible against the rent. The other 20/157ths is only deducitble if the car is used to produce income.
If the car is not income producing I suggest you split the loan when you move out. Get a loan for $137,000 on interest only and another for $20,000 P&I. Concentrate on paying off the…[Read more]

]]> 99c8a6c6ff9574c47f82482f8c9125e7 Julia replied to the topic Accountants and Advice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377378-accountants-and-advice/#post-4497925 Thu, 23 Dec 2004 02:45:24 +0000 DNL,

Sounds like your Accountant was talking about a superannuation fund as that is exactly the problem with holding property in a superfund. Maybe there was just a breakdown in communications. But regarding any you do own outright and don’t mind your money being locked away until you are 55 a superfund is the most tax effective place to keep…[Read more]

]]> bc6b3361156c3313e48aee11d5507199 Julia replied to the topic PPOR for 2 months...CGT? in the forum No Subject https://www.propertyinvesting.com/topic/4377464-ppor-for-2-months-cgt/#post-4498477 Thu, 23 Dec 2004 02:35:35 +0000 CrownOfGold,

Section 118-145 allows you to exempt it as your main residence for up to 6 years after you moved out as you can choose not to have your parents place considered your main residence. There is no time limit for tax purposes as to how long you have to live there but you must have moved in as soon as practical after settlement. TD51…[Read more]

]]> 5a5e13215541d799675a86c4da85b711 Julia replied to the topic Capital gains or Income tax? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377452-capital-gains-or-income-tax/#post-4498373 Thu, 23 Dec 2004 02:20:01 +0000 g7,

The more frequently you do it the more likely you are to be considered in business by the ATO. This is not necessarily a bad thing. If you are going to turn the properties over in less than 12 months you will not get the CGT 50% discount so there is no benefit to you in trying to come under the CGT provisions. On the otherhand if you are…[Read more]

]]> de7356b2113bcab92a539724654d36b9 Julia replied to the topic A question on tax-deductible interest in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377342-a-question-on-tax-deductible-interest/#post-4497668 Wed, 22 Dec 2004 15:44:29 +0000 Just Allan,

Terry is correct but just a word of warning:
Traditionally, interest is claimable only on a loan where the actual money borrowed is used directly to produce income i.e. buy the income producing property.
It is dangerous to use a line of credit facility on a rental property loan when you will be drawing funds back out to pay private…[Read more]

]]> c34305d1a46616d4f9245bb4ddff8b79 Julia replied to the topic What is a repair. What is an improvement? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377346-what-is-a-repair-what-is-an-improvement/#post-4497681 Wed, 22 Dec 2004 15:40:15 +0000 Ambo72,
Repairs and Maintenance, not improvements are deductible. For example if the house needed painting when you bought it then painting it would be an improvement or if the house did not have a garden hose then purchasing one would be an improvement, therefore not deductible. On the other hand if during the time of your ownership the hose…[Read more]

]]> 0fb8c7dd8732978aae0c463d0c970eff Julia replied to the topic Renting - carpet vs floorboards in the forum Help Needed! https://www.propertyinvesting.com/topic/4377300-renting-carpet-vs-floorboards/#post-4497340 Mon, 06 Dec 2004 13:40:36 +0000 UKman,

Assuming you are a resident of Australia for tax purposes you can negatively gear an overseas investment but only up to the total amount of interest payable. In ID2002/764 the ATO clearly states that, from 1st July, 2001 Section 160AFD allows the interest, borrowing costs etc. on an overseas rental property to be offset against Australian…[Read more]

]]> 132d424d24a2dfd632dfec3f1dfad6a1 Julia replied to the topic ABN/ACN/TFN What Goes Where and When? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377285-abnacntfn-what-goes-where-and-when/#post-4497162 Sun, 05 Dec 2004 15:24:12 +0000 Showmethemoney,

You should use the trust’s ABN never the company’s but you may need to use the company’s ACN to identify it.
Try to look at a trust/trustee relationship similar to being the executor of a will. If you were my executor and sold my house the contract would be in my name as that is still the name on the title deed. I can’t sign as…[Read more]

]]> 10356ab60197fbea582f446452ed8c69 Julia replied to the topic who gets depreciation on a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4377126-who-gets-depreciation-on-a-wrap/#post-4496266 Fri, 26 Nov 2004 15:10:20 +0000 Scotty3

The quick answer is neither if the property is held as trading stock ie not subject to CGT. This is because the expenditure is revenue in nature not capital so deprn cannot apply. ID 2003/377.
If the sale is going to be subject to
CGT then the person providing the vendor finance, the sellor, can claim the depreciation because that still…[Read more]

]]> 4141c0d8ce3ad0700aa0df42a9778cd0 Julia replied to the topic PPOR rented out - tax? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377163-ppor-rented-out-tax/#post-4496539 Fri, 26 Nov 2004 14:56:09 +0000 Smethem,
Yes to your questions. If you would like more info on how non residents are treated, down load my Overseas booklet from the free publications page on http://www.bantacs.com.au

Julia Hartman
julia@bantacs.com.au

]]> 6d15b3195ec35a15f2a87171e8e67430 Julia replied to the topic Is CGT Payable? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377082-is-cgt-payable/#post-4496105 Fri, 26 Nov 2004 14:52:16 +0000 Regrow,

Tax is payable after you have done the tax return for the year you signed the agreement to sell.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> 1d3b9874b6c76fe10282b109fb6a23e4 Julia replied to the topic Cost of demolishing? in the forum Value Adding https://www.propertyinvesting.com/topic/4374322-cost-of-demolishing/page/2/#post-4478262 Mon, 22 Nov 2004 14:54:22 +0000 KP,

You would have to live in the new residence for 3 months and as long as there wasn’t more than 4 years between demolishing & moving into the new one and you didn’t use your main residence exemption on another house during that time you would get the CGT exemption on the new house. But no CGT exemption on the other new house.

Julia…[Read more]

]]> e7417414ee20b69832328e26abaf3098 Julia replied to the topic Is CGT Payable? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377082-is-cgt-payable/#post-4496102 Mon, 22 Nov 2004 14:43:59 +0000 Regrow,
You can only exempt a dwelling as your PPOR and only if you did actually live there even if only for a short period of time and you don’t want to exempt a house in Melbourne with your PPOR as you can only have one.
The catch here is the word dwelling. I assume you never got to build on it so it was just vacant land. If you had lived in a…[Read more]

]]> 6152bc35f723182f5adf43960cb6656b Julia replied to the topic Cost of demolishing? in the forum Value Adding https://www.propertyinvesting.com/topic/4374322-cost-of-demolishing/page/2/#post-4478260 Sun, 21 Nov 2004 12:45:18 +0000 Wayne,
If you have lived in this house and will be selling it as vacant land you will lose your main residence exemption completely.

Julia Hartman
Julia@bantacs.com.au
http://www.bantacs.com.au

]]> 912074f1c9807bcf58ecc5201d299392 Julia replied to the topic Books to read in the forum Help Needed! https://www.propertyinvesting.com/topic/4377063-books-to-read-2/#post-4496032 Sat, 20 Nov 2004 16:45:33 +0000 Blondie,

Its not a book just a booklet but it is free. Go to http://www.bantacs.com.au to free publications and download the rental property booklet.

Julia Hartman
julia@bantacs.com.au

]]> 0db1cd96515fedadfc1bc04f5abd9baf Julia replied to the topic Book Review List in the forum Heads Up! https://www.propertyinvesting.com/topic/4370563-book-review-list/page/2/#post-4449069 Sat, 20 Nov 2004 16:44:11 +0000 Its not a book just a booklet but it is free. Go to http://www.bantacs.com.au to free publications and download the rental property booklet.

http://www.julia@bantacs.com.au

]]> 16a198eee167fc3b9780cedf480a6565 Julia replied to the topic Advise for a novice in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377069-advise-for-a-novice/#post-4496063 Sat, 20 Nov 2004 16:39:40 +0000 learay,
Before you go any further please read the following:
It is dangerous to use a line of credit facility on a rental property loan when you will be drawing funds back out to pay private expenses. Based on the principle that the interest on a loan is tax deductible if the money was borrowed for income producing purposes, the interest on a…[Read more]

]]> 28c3a45f5947c13aa996f9b8e4879f10 Julia replied to the topic Recommendation for an accountant in Bne in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377072-recommendation-for-an-accountant-in-bne/#post-4496065 Sat, 20 Nov 2004 16:32:09 +0000 Patrick,
Go to http://www.bantacs.com.au to free publications and download the rental property booklet. See what you think. Our closest office to you is Ningi Plaza on Bribie Island Road. About 3/4hr from Brisbane

Julia Hartman
Julia@bantacs.com.au

]]> aaadddcf9400434e96b4006d6e6c757a Julia replied to the topic Creating Own Super Fund from property sale in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377073-creating-own-super-fund-from-property-sale/#post-4496069 Sat, 20 Nov 2004 16:12:50 +0000 Jwhat,
Because you say you are receiving the age pension I assume you are both over 65 and do not have an employer through whom you can salary sacrifice.

You cannot claim a tax deduction for any superannuation contribution you make once you are over 65 or 71 I can’t remember which it is. Not my area of expertise. If you are under 71 let me know…[Read more]

]]> 76e334e73a650398997581eb73d2dfa3 Julia replied to the topic THREE MONTH RULE in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4377047-three-month-rule/#post-4495908 Sat, 20 Nov 2004 16:03:58 +0000 Really “glad” you got there before me Derek. You opened a whole can of worms that I would not have considered in my original answer.
I’ll tell you what I do know but you can take decide what their motives are.

An Active asset cannot be an asset just used to derive rental income it must be used in the course of a business and not as part of…[Read more]

]]> 5c5665fd9ab1ffd1fbd070368e1dc496 Julia replied to the topic Renting out PPR in the forum Help Needed! https://www.propertyinvesting.com/topic/4376870-renting-out-ppr/#post-4494879 Sun, 14 Nov 2004 07:17:39 +0000 Salla,

http://www.bantacs.com.au/booklets/Rental_Properties_Booklet.pdf

Should give you a free booklet on rental properties.

Julia

]]> 4f31cb1f9d488d9a239bb3e1f00eefcf Julia replied to the topic It starts now in the forum Help Needed! https://www.propertyinvesting.com/topic/4376900-it-starts-now/#post-4495048 Sat, 13 Nov 2004 16:11:13 +0000 Matt,

I am an Accountant on the Sunshine Coast. If you organise that get together I would be happy to do a presentation on the tax treatment of Wraps. May even be able to persuade a solicitor to come along.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

]]> ac4b9f724ea51f10d1346b349913bc13 Julia replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4376612-trusts-6/#post-4493742 Sat, 13 Nov 2004 15:17:34 +0000 To All,
Great discussion. Two things I would like to add:
1) If the properties in the trust or company are negatively geared they cannot be offset against other income unless that is also earned by the trust or company and not from personal services.

2) Unless you have a company as trustee of the trust you do not have adequate asset…[Read more]

]]> c9d2d3712dffd5dd48dc39db64414009 Julia replied to the topic Ideal Investment/ Tax Structure ? in the forum Creative Investing https://www.propertyinvesting.com/topic/4376815-ideal-investment-tax-structure/#post-4494580 Sat, 13 Nov 2004 15:02:31 +0000 Location 1
Companies are not entitled to the 50% CGT discount. Discretionary trusts allow you to change whoe receives the profits each year. Neither of the above let you offset the losses against other income unless the business is in the same structure. If that is the case you have an asset protection problem.
That is just for starters without…[Read more]

]]> 8becda28a213872631f121e8e710364f Julia replied to the topic Cut Down Tree...Tax Deduction?? in the forum No Subject https://www.propertyinvesting.com/topic/4376973-cut-down-tree-tax-deduction/#post-4495447 Sat, 13 Nov 2004 14:31:56 +0000 BigBen,
Tree removal is claimable if the tress have become diseased or infested during the time of ownership. Removal is also claimable if the tree is causing damage such as roots interfering with pipes and the damage was not present when you purchased the property. If a tree is removed because it may cause damage in the future or you are fed up…[Read more]

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