How certain are you of this??? If someone pointed out to me that I was incorrect and I found this to be true, then I would have retracted my statement and apologised… Calling my comments illegal, and being an “advertisment on how to break the law” is just going way too far in my opinion… unless you are an acc…[Read more]
What ever capital gain you might make from your investment property just gets added to your taxable income for the year. e.g. income from work $47,000.00 income from investment property sale $56,000.00 = $103,000.00 The tax on your taxable income is $35,790.00 Considering you paid tax from your wages of $10880.00 through the year, you would have…[Read more]
I’m no expert, but it so happens that just a few days ago I calculated the material cost for a 4.2 x 3.8 room on a concert slab with a tiled roof and it was near 10k, all materials were top quality and at retail.
saving money is easy!! I just havent mastered it yet is all. []
As for the car question..no matter the make cars are expensive to run. With older models the parts become more expensive as they become rarer but they ARE easy to understand. With newer cars, one little accident is going to set off multiple gadgets you have no hope of understanding,…[Read more]
Thanks Picja & Mel, being a conservative person its a bit of a change of mindset to go down this path!
Sounds like I need to contact a broker.
Mel I’m on NSW South Coast near Nowra
Thanks for your advice
Johnno
Thanks Picja & Mel, being a conservative person its a bit of a change of mindset to go down this path!
Souns like I need to contact a broker.
Mel I’m on NSW South Coast near Nowra
Thanks for your advice
Johnno
financial freedom….hmmmm. I want it because Im tired of lining others peoples wallets with my hard earned money. I want the ability to sit back and not worry about next pay day and if it will be enough to cover the bills….or to be able to buy something extravagant (like my Black Lotus) without needing a loan. For once….Id like to be free to…[Read more]
Crashy at the risk of sounding like a broken record let me reiterate:
Time value of money reduces the effect of depreciation reduction of your cost base. Also I still haven’t received a sensible answer on whether depreciation of fittings reduces your cost base like the div 43 building depr’n.
PLUS: You only pay tax on half of your CG!