PropertyInvesting.com | KJM1970 | Activity https://www.propertyinvesting.com/members/kjm1970/activity/ Activity feed for KJM1970. Fri, 17 Apr 2026 14:35:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f7580d75cef522351713f1b95eebfb4c KJM1970 replied to the topic Just returned from the USA - My Report in the forum quickchick wrote: No capital https://www.propertyinvesting.com/topic/4406471-just-returned-from-the-usa-my-report/page/2/#post-4668743 Tue, 05 Jun 2012 11:21:26 +0000 quickchick wrote:
No capital gains tax in USA.

Hi Ruth,While I am not a qualified tax accountant, I believe that your comment above is incorrect. As far as I'm aware, capital gains tax on a property you've had in the US for more than 12 months is 15%. Any rent, expenses, tax paid in the US will then be recorded on your Australian tax return. I…[Read more]

]]> e7463555ac5b134dd614e99be05b1e0d KJM1970 replied to the topic More news on US in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406575-more-news-on-us/#post-4669725 Mon, 28 May 2012 10:38:47 +0000 saturday wrote:
WIcould you please let me know if you had help selecting the properties you boughtis there anyone you would recommendif the answer to this is somewhere else on this forum could you provide the linkthankyou in advance

Hi Saturday,I have a great contact for a buyer's agent in Atlanta and also a property manager. Contact me via my…[Read more]

]]> a8f68f096eae431df22b9c5b6f42e880 KJM1970 replied to the topic Buying US property using SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406688-buying-us-property-using-smsf/#post-4670645 Mon, 28 May 2012 02:14:01 +0000 king-co wrote:
I'm not sure what worldinvestor is referring to with the comment "You also need to ensure that the bank you use in US for purpose of chanelling rental funds has an affiliated bank account in Aust, otherwise you will not be complying with ATO and will be a problem." What specifically are you not complying with? I have an SMSF as…[Read more]

]]> 8e876d389aa70ee93ffdab47b15d011a KJM1970 replied to the topic Buying US property using SMSF in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406688-buying-us-property-using-smsf/#post-4670643 Sun, 27 May 2012 11:52:59 +0000 Thanks for the input re bank accounts. That’s something I’ll need to do more research on. I already have Wells Fargo accounts but will have to see whether they comply. I am using a tax accountant in the US who regularly deals with Aussie investors and have a phone meeting with her next week to discuss my questions.

Shawnfromsydney – I am using an…[Read more]

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