Maybe posting on here wasn’t a good idea and lead to cutting your own throat ?[]

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Hi Guys
Watch out for notices and signs. These were spotted ut and aound.

Spotted on the grass on a RAAF base: “Short cut to extra duty”
Do you know if you walk on the grass on a Navy base, someone is likely to shout “Man Overboard!” (for our Navy forumites):

Steph, speaking of teaching english, did you hear about the english teacher who…[Read more]

Noel’s article was in today’s Sunday Mail, but it was a bit vague on the specifics. He explains the difference between prime cost and dim. value on fittings, and then writes: “But if you sold the depreciated asset the proceeds would have to be included in your taxable income” He then writes that “sellers might want to incorporate a schedule that…[Read more]

I’ve seen on other reno sites, reno’s talking about Ikea for some of the gear you are needing, at a reasonable price.

http://www.ikea.com.au/TemplateHome.asp?page_id=33612300051006&se_id=22&site_id=30005

I’m certain the answer is in years not months, 5 years I believe, just ring the ATO on 132861 and follow the prompts to capital gains, only cost 20 cent.
And TeacherK6 what you posted is not true and what’s worse, may be illegal, you can’t advertise how to break the law to gain a financial advantage. You might want to think about deleting that…[Read more]

The answer to your questions is yes and yes, if you don’t have a right off . Use this ATO site to calculate just how much you’ll owe or make, just add your incomes together and enter them into that sites program.

http://www.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=Stax001i.xr4&go=ok

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petrovski,

You model would obviously depend on alot of variables. I am currently in a partnership for a buy reno and sell, so i will tell you what i am using, not sure if it will be appropriate, but anyway…

I put up the deposit, he is living in the property for cheap rent, he is doing all the labor, and paying for all materials until…[Read more]

I promised to report back. So here it is.

I attended Flanagan’s midday Canberra seminar Tuesday last. He quoted the jargon often used, is a likeable salesman and has learnt how to keep you wanting more. In his defense, he is proof in the making. Think big.

When he offered the “friend for free” (i.e. go halves with a mate), I asked the room “Who…[Read more]

OK, one more. Yep, I should have put them all in the one post but just remembered this one after re-reading Luckyone’s interesting text about the English language.

Why is it that we refer to goods carried by ship as cargo .. yet goods carried by car as shipment ?

Regards to all, Phil

Hey Westan, there’s a second part to the joke about the asparagus farmers’ zebra.

The zebra and the bull both die and go to Heaven. After wandering Heaven for a few days the zebra asks the bull: “Am I black, or am I white?” The bull suggests the zebra ask God.

The zebra returns an hour later with a puzzled look. “God said: ‘You are what you are’…[Read more]

Great jokes people. Good to see some new ones also. Sat night, done chasing properties, so why not ?

This really happened .. it sounds contrived, but I was there.

Mrs. Smith bought 2 economy tickets for her flight, due to her obesity. I thought this commendable of her rather than just winge at the airline. She boarded before her friend raced her…[Read more]

If you would or read some of the previous postings today you would of seen this one. A property Broker, they specialise in locating renovators and investment properties for their clients. [!]

What about a Property Broker, they specialise in locating renovators and investment properties for their clients.Got to be cheaper than travelling.

Little Johnny goes to school one day with a new sports watch and show all his friends. After school Ben, Johnny best friend asks where did you get that watch ? Johnny won’t say, Ben says, I know it was a gift for your birthday, Johnny replies nope, Ben again say I know , you stole it ? Johnny again replied nope ! Ben then begs Johnny to tell him…[Read more]

This issues was covered on another site. Here is the answer from that site : The answer to the query is found in an analysis of what it is that you might be selling. GST is a transactional tax. That means that we examine a transaction to determine if the goods or services involved are taxable. The GST legislation exempts some items (e.g. medical…[Read more]

Hi James
I’m thinking you must have a good credit rating to be in that position you’re in ? That to me is more important and useful than an property you might have invested in. Don’t like what you’ve got ? sell and try again, you have good form my friend, any institution will give you money to try again. And if this investment loses money the next…[Read more]

The way this government is heading, with it’s cutting back all different type of programs you’re mad if you don’t take it ( FHOG ), because tomorrow it mightn’t be on the table to take ! After all the worse thing that could happen to you, is having to pay it back. []

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Hi guys,

I know I’m late, but thought I’d put in my 2 cetns’ worth (been working long hours lately – another reason why I need those positive cashflow properties)

There is absolutely NO legal requirement to live in the place for any minimum period in order to qualify for the FHOG. As long as you can prove that it’s your PPOR, you could…

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Steph, at least it’s not as old as the wooly jumper[]
We did a terrible thing to our daughter! Most people spell Alicia with a “c” but we decided to be different and spell it Alitia as in initial, Letitia etc. Poor girl has to correct everyone she meets!

Hi all, I know I’ve appeared to be a bit of a maths nerd in previous posts, so.. no dang it I’m going to do it again[]
Negative gearing to me is just pure maths. I’m not “chasing” tax benefits, I’m simply entering all tax effects, income and costs into my computer, and fine tuning my exposure to negative gearing to just keep all my properties…[Read more]