PropertyInvesting.com | phlang | Activity https://www.propertyinvesting.com/members/phlang/activity/ Activity feed for phlang. Mon, 13 Apr 2026 19:18:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 bb3996d3b94dfa0bd47ce081159684aa phlang replied to the topic Working out GST on sub division in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406570-working-out-gst-on-sub-division/#post-4669690 Mon, 14 May 2012 04:53:02 +0000 Thanks for that Tracey, I believe the margin scheme has been put in place, but I will check it out with my accountant.Cheers

]]> 4a72928b0c75490552951d26f2ca02bf phlang replied to the topic Working out GST on sub division in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406570-working-out-gst-on-sub-division/#post-4669687 Mon, 14 May 2012 00:33:54 +0000 Yes (entity – partnership) is registered for GST. So does that mean $46,359 has to be paid as GST ($510K – 1/11th) minus any GST credits we have?? 

]]> 99aad471f523e7aa4b8a336e2598565f phlang replied to the topic Working out GST on sub division in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406570-working-out-gst-on-sub-division/#post-4669685 Sun, 13 May 2012 23:47:45 +0000 Terryw wrote:
Actually I think it should be 1/11th of the sale price.You will be able to claim GST on items purchased for the development though. Did you pay GST on the purchase?

No I didn't pay GST on the purchase

]]> 35f717dea515d72b2195ae6f527a72c0 phlang replied to the topic Working out GST on sub division in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406570-working-out-gst-on-sub-division/#post-4669683 Sun, 13 May 2012 21:09:34 +0000 Thanks Terry, but I was looking for a more accurate explanation. I don't think $51K is correct.I thought you would only pay GST on the cap between the purchase price and the sale price minus any GST credit components that we received from the development cost to sub divide.Has anyone experienced this senerio.Thx

]]> 38f078deab82d6af46eee3fb62cbecf5 phlang replied to the topic Handy man in Adelaide needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4398098-handy-man-in-adelaide-needed/#post-4613085 Thu, 17 Dec 2009 01:01:55 +0000 Thanks BenI'll give him a call. Have a great weekRegardsphlang

]]> 0230827b270ed9f4ee3ec2d40567f997 phlang replied to the topic Handy man in Adelaide needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4398098-handy-man-in-adelaide-needed/#post-4613083 Wed, 16 Dec 2009 22:53:14 +0000 Thanks ducksterI'll do a search for both in my areaRegardsphlang

]]> 26e9505c7d6c3f21a8e12eeb0a5af848 phlang replied to the topic Reno Reading & Info in the forum Value Adding https://www.propertyinvesting.com/topic/4396475-reno-reading-info/#post-4605263 Fri, 21 Aug 2009 10:46:51 +0000 bjsaust wrote:
Anyone got thoughts on this course or any others?

I have just completed the Reno Kings 5 week course and found it great wealth of information to get started in renovating  to build wealth in property. It is informative and a great place to start. The cost was around $490 and well worth it, gave me great ideas to go ahead and…[Read more]

]]> 74b806d2b6aa8047c6dfd40b1951c96b phlang replied to the topic Need help at a crossroads in the forum Help Needed! https://www.propertyinvesting.com/topic/4396401-need-help-at-a-crossroads/#post-4604867 Mon, 08 Jun 2009 03:25:03 +0000 Thank you Tommygun & SonyaYour comments are much appreciated and it's good to hear from people with experience.RegardsPhlang

]]> 160f264e2ff7e8c6b6e2d3fe16673ec7 phlang replied to the topic Help Please - I Have 1 IP. Should I buy unit in Richmond to live in? or rent, and buy 2nd IP in Suburbs? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396393-help-please-i-have-1-ip-should-i-buy-unit-in-richmond-to-live-in-or-rent-and-buy-2nd-ip-in-suburbs/#post-4604814 Sun, 07 Jun 2009 05:16:30 +0000 I would love to but have already purchased property back in 1995  and sold in 2004 (at the time was no grant available),which I believe would not entitle me to take up the FHOG/B offer .Unless you have any more ideas that I could do to qualify for the grant?phlang

]]> 64c9089ed8f28e2a9de725b1229f2143 phlang replied to the topic Need help at a crossroads in the forum Help Needed! https://www.propertyinvesting.com/topic/4396401-need-help-at-a-crossroads/#post-4604864 Sun, 07 Jun 2009 05:07:24 +0000 I just feel Emerald has a lot of growth potential due to increase in mining development ( new mines opening up & others increasing there output for 2010).Business in Emerald seem to be trading pretty good . Plus Emerald has a solid Agriculture resouce history, so it is not solely dependant on the mining industry (unlike Dysart & Moranbah).Incomes…[Read more]

]]> 385d2e4c5cf27d1569b64b5eddb2340a phlang replied to the topic Need help at a crossroads in the forum Help Needed! https://www.propertyinvesting.com/topic/4396401-need-help-at-a-crossroads/#post-4604862 Sun, 07 Jun 2009 02:51:32 +0000 Hi all, We are deciding to purchase an Investment Property (approx $400,000) in Emerald (Central Queensland Mining / Agriculture town) with having it positive geared at a cost to us of $45,000 (5% deposit plus Mortgage Ins, Stamp Duty etc)  , ORSince  we plan to relocate to Adelaide in Sept 09, keep the money we have set aside and buy a do up prop…[Read more]

]]> 2324645c9c967f33ff163ae0d9a96412 phlang replied to the topic Help Please - I Have 1 IP. Should I buy unit in Richmond to live in? or rent, and buy 2nd IP in Suburbs? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396393-help-please-i-have-1-ip-should-i-buy-unit-in-richmond-to-live-in-or-rent-and-buy-2nd-ip-in-suburbs/#post-4604812 Sun, 07 Jun 2009 01:30:25 +0000 ThanksI didn't know that. Something new I have learnt.Regards

]]> 03f55a4efa92747140aad39cd9ffdcaa phlang replied to the topic Help Please - I Have 1 IP. Should I buy unit in Richmond to live in? or rent, and buy 2nd IP in Suburbs? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396393-help-please-i-have-1-ip-should-i-buy-unit-in-richmond-to-live-in-or-rent-and-buy-2nd-ip-in-suburbs/#post-4604810 Sun, 07 Jun 2009 00:44:34 +0000 I'm 24 and have an IP that pretty much pays for itselfHow can you qualify for the FHBOG when you already have already purchased property in the past?????

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