PropertyInvesting.com | lislym | Activity https://www.propertyinvesting.com/members/lislym/activity/ Activity feed for lislym. Wed, 15 Apr 2026 05:18:37 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 73a44898daaf00423a2acad6ac023a3b lislym replied to the topic Is my accountant wrong? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385536-is-my-accountant-wrong/#post-4547621 Sat, 27 May 2006 05:49:48 +0000 Hi Brenda

Your accountant may be calculating it wrong. The calculation of CGT with regards to real estate is:

1. Work out your cost base (this is purchase price + legal fees + stamp duty, etc + capital works deductions). So yes, you do add back any capital or building write-offs as you have stated.

2. Deduct the cost base from the sale price.…[Read more]

]]> a009009384270598c80d236a09b86ae6 lislym replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546133 Sat, 27 May 2006 00:24:35 +0000 mmmm….we could go backwards and forwards here forever couldn’t we. As far as stating legislation goes, it’s basic tax law with regards to deductions, just go and read sec 8-1.

Now, the problem here is you are missing my point, and perhaps that’s my fault because I have not explained myself fully. The issue we have is this:

We get so many…[Read more]

]]> 91c32bfd3bdb47d46bdbad0a5663c028 lislym replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546131 Fri, 26 May 2006 07:00:25 +0000 Sorry, I should have been more specific. Dale’s statements with regards to what you can claim as a deduction through a trust are where we have an issue. He is inferring that anyone can claim these items because they have a trust setup, but that is not the case.
I won’t comment on his advice with regards to hybrid trusts because as I previously…[Read more]

]]> fafea56f0ef81dcbdca248a34356ffcf lislym replied to the topic accountant talking us out of trust in the forum No Subject https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546129 Fri, 26 May 2006 04:49:57 +0000 Hi all, this is my first posting to the website and it is going to be controversial [ohno]
I really have to agree with stuck-at-two. I am a property investor and have been an accountant for the past 10 years. I have only been doing tax for the past 2 years (was previously commercial) and am trying to find out more information on different trust…[Read more]

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