PropertyInvesting.com | jxuereb | Activity https://www.propertyinvesting.com/members/jxuereb/activity/ Activity feed for jxuereb. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 566826da3f4180bccb73fc930d2b25f2 jxuereb replied to the topic Is this classified as repair or home improvement for taxation purposes in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404734-is-this-classified-as-repair-or-home-improvement-for-taxation-purposes/#post-4655987 Sun, 18 Sep 2011 01:53:58 +0000 Thanks Terry and Jamie. That clears it up for me. We didn’t delve too deep into the scenarios at university beyond the if your repairing something already there or if your extending or adding to a property.

All our works will be capital improvements and give us a deduction for our tax as depreciation. The other benefit is that we will quickly…[Read more]

]]> 5be6302ff56b5a8e8e601c408c8abb11 jxuereb replied to the topic Trust Distribution Accounting Treatment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395092-trust-distribution-accounting-treatment/#post-4597600 Mon, 12 Jan 2009 10:19:04 +0000 Cheers Eddie it all makes sense.

]]> 6451dee71f540f2bb667d2f84b215249 jxuereb replied to the topic Trust Distribution Accounting Treatment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395092-trust-distribution-accounting-treatment/#post-4597598 Sat, 10 Jan 2009 09:46:30 +0000 That helps Eddie. Couldn't find an example in my book.So the profit and loss account gets closed off the toe beneficiary accounts.When the trustee actually pays the distribution in real cash theres a reduction in cash at bank and a reduction in the respective beneficiary accounts.Also the beneficiary will need to pay personal income tax on the…[Read more]

]]> 08ed2b543d9031b3acfdf02f4febc292 jxuereb replied to the topic Trust Company Tax Question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389960-trust-company-tax-question/#post-4569469 Tue, 19 Jun 2007 04:54:52 +0000 I've just some more googling and found: "Undistributed income is taxed in the hands of the trustee at the top marginal tax rate of 45% for the 2006/2007 year, giving a strong incentive to family trusts to fully distribute the trust's income before the end of each financial year." (http://www.cleardocs.com/extra_family_trust.jsp)Does this apply to…[Read more]

]]> ddab9e59c8f71c26263b95973c553caf jxuereb replied to the topic Financing Question in the forum Help Needed! https://www.propertyinvesting.com/topic/4376708-financing-question-2/#post-4494157 Fri, 29 Oct 2004 06:23:03 +0000 Can someone clarify my train of thought.

My parents take out a LOC on their investment property. They then loan me the funds interest free. They have to pay the interest on the LOC they have taken out. The interest therefor is a tax decuction. When I pay back the principle they aren’t generating revenue but only recovering the money they loaned…[Read more]

]]> a126c0fbb408ea0a6b6d8995f4a8901f jxuereb replied to the topic Financing Question in the forum Help Needed! https://www.propertyinvesting.com/topic/4376708-financing-question-2/#post-4494156 Fri, 29 Oct 2004 06:14:25 +0000 Just found it. Line of credit.

]]> f94bdbd1b09ded0a5aeb03bf56fb6a11 jxuereb replied to the topic Financing Question in the forum Help Needed! https://www.propertyinvesting.com/topic/4376708-financing-question-2/#post-4494155 Fri, 29 Oct 2004 06:08:32 +0000 Thanks for all the replies.

Can someone clarify what is LOC?

I’ve tried searching the forums but I get varying search results with ‘location’ instead of just LOC.

Thanks
Jason

]]>