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Viewing 17 posts - 1 through 17 (of 17 total)
  • Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    as per above, only capital allowance will add to cost base when on-sell the property. The tax claims from Plant and equipment wont add to cost base. Is this still applied to new budget rule?

    For the new budget rule, plant and equipment depreciation deductions is only for those expenses incurred by investors.

    how do you think it will affect the property market?

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you legends

    Currently we live there and plan to demolish the house and build two.

    To get the best profit, after we demolish current house and build two, is it better to sell one as PPOR and live in another one? And It will be CGT free?

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Pimobpo and Benny. You mentioned a lot of areas I did not consider before. This post will help others who have the same question. Thank you as always.

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Jason and Terry. It is income deductible, so it will be claimed under ‘repair and maintenance’?

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    very good point blackhotel. I agree with you, ATO ask for receipts. The hand written receipts are receipts too. That is my understanding too. Anyone correct us if we are wrong:)

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Benny, what you said make a lot of sense.

    Anyone from this forum did this kind of arrangement before?

    Cheers.

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Terry:)

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Jamie:)

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Richard. I will keep in touch.

    By the way, I am in Adelaide. Hope it still works.

    Profile photo of NanNan
    Participant
    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Benny. The link you shared is a very good post.

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    thank you Jamie

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Benny and the good guy:).

    We just need to separate the personal home loan from investment loans. Is it okay to put all investment properties under one loan? Or for investment properties, it is better to use different banks too?

    Profile photo of NanNan
    Participant
    @nano
    Join Date: 2015
    Post Count: 26

    Thanks Ben, thanks Terry.

    Does anyone have good accountant with property focus in Adelaide? Or do anyone use good online accountant who are very good at investment property, etc?

    • This reply was modified 7 years, 11 months ago by Profile photo of Nan Nan. Reason: add more
    Profile photo of NanNan
    Participant
    @nano
    Join Date: 2015
    Post Count: 26

    Thank you Jamie

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    Hi Richard,

    Thank you so much.

    Sorry, I am a bit new with all of these. You mention ‘any Capital Allowance claim’, does it include the strata fee, maintenance fee, agents rental management fee we claim every year?

    Kind Regards,

    Profile photo of NanNan
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    @nano
    Join Date: 2015
    Post Count: 26

    what does this revaluation? Does the bank do it? Do we ask the bank to revaluation the property and see how much it increases?

    Profile photo of NanNan
    Participant
    @nano
    Join Date: 2015
    Post Count: 26

    Hi Richard,

    Would really appreciate it if you could email me your article. <email address removed on request – Moderator>

    Thank you

    • This reply was modified 7 years, 5 months ago by Profile photo of Nan Nan.
    • This reply was modified 7 years, 5 months ago by Profile photo of Benny Benny. Reason: remove email address
Viewing 17 posts - 1 through 17 (of 17 total)