Total Members: 150,109

propertyboy

  • Anyone started looking at clauses in their policies or had a tenant stop paying rent due to coronavirus and start looking to claim?

    Please keep updated.

    My policy excludes government quarantined events.

    On a separate note, If landlords are to get a holiday and have to pay back capitalised debt logically I would think the same logic should apply…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 5 days, 11 hours ago

    Thanks Mark, appreciated.

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 3 weeks, 6 days ago

     

    Hi Mark, is there a timeframe required to settle back in the property to restart the 6 year absence rule? Would one month be sufficient.

    I am planning to move back home and look for work but not sure how many jobs are available in my home towns so may need to extend the search and potentially look interstate if I am not able to find work in…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 1 week ago

    Thanks Mark!

     

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 1 week ago

    Thanks Mark, Do I have to move back into the property or is it enough to be residing in Australia as a resident at time of sale to get the CGT exemption.

    Also, if I move back become a resident then sell but I was an expat for > 6 years, do I still get the 6 year exemption for those 6 years I was away? Am I safe to assume the 6 year rule is still…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 1 week ago

    Thanks Mark, so if I move back and become an Australian resident I will get the CGT exemption?

    Do I have to move back into the property or is it enough to be residing in Australia as a resident?

    Also, if I move back become a resident then sell but I was an expat for > 6 years, do I still get the 6 year exemption for those 6 years I was away? Am…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 1 week ago

    Yeh but why are they rushing to sell? If they can move back in and then get the CGT exemption why are the articles suggesting everyone is rushing to sell? It is no different to before if they are truely expats looking to move back and become residents again – unless of course I am missing the point?

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    Before the rule change if they lived in the house for 15 years then moved overseas, as long as they were non resident for < 6 years, they could have sold whilst overseas and paid no CGT? Is that the key change?

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    I am only asking because i am an expat and want to understand if I am mising the key point.

    I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    I am only asking because i am an expat and want to understand if I am mising the key point.

    I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    I am only asking because i am an expat and want to understand if I am mising the key point.

    I am planning to move back to australia eventually like most expats do. On the basis it truely is my PPR then it souldnt be an issue as long as the 6 year exemption rule still applies. If the 6 year rule no longer applies thne that is a BIGG change.…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    but if you return to australia and sell and you have been away for more than 6 years do you get the 6 year exemption for that period you have been non resident?

     

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    https://www.domain.com.au/news/sydney-homes-of-expats-hit-the-market-to-beat-looming-cgt-deadline-928963/

    The above article says

     

    “An Australian Tax Office spokesman said home owners were able to claim the exemption if they sold the property before June 30 or returned to live in it before it was sold.”

    So if you move back in to Australia…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 1 month, 2 weeks ago

    https://www.domain.com.au/news/sydney-homes-of-expats-hit-the-market-to-beat-looming-cgt-deadline-928963/

    The above article says

     

    “An Australian Tax Office spokesman said home owners were able to claim the exemption if they sold the property before June 30 or returned to live in it before it was sold.”

    So if you move back in to Australia…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 2 months, 2 weeks ago

    My accountant didn’t know either…

    Anyone else got any further thoughts on the situation?

    Does the 6 year rule still apply if you return back and live in the property and become australian resident?

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 2 months, 3 weeks ago

    Hi Terry,

    Bringing this topic back given I have seen there have recently been changes for expats.

    Has the 6 year rule been abolished for expats or is this only if you sell your property whilst resident overseas.

    Here is an example situation:

    1. house purchased in October 2009

    2. Lived in it for 18 months to April 2011

    3. Rented it out for…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 2 months, 3 weeks ago

    Hi Terry,

    Bringing this topic back given I have seen there have recently been changes for expats.

    Has the 6 year rule been abolished for expats or is this only if you sell your property whilst resident overseas.

    Here is an example situation:

    1. house purchased in October 2009

    2. Lived in it for 18 months to April 2011

    3. Rented it out for…[Read more]

  • propertyboy replied to the topic CGT in the forum Legal & Accounting 2 months, 3 weeks ago

    Hi Terry,

    Bringing this topic back given I have seen there have recently been changes for expats.

    Has the 6 year rule been abolished for expats or is this only if you sell your property whilst resident overseas.

    Here is my situation:

    1. I purchased a house in October 2009

    2. Lived in it for 18 months to April 2011

    3. Rented it out for…[Read more]

  • propertyboy replied to the topic Asbestos Help in the forum Help Needed! 5 months ago

    ?

  • propertyboy started the topic Asbestos Help in the forum Help Needed! 5 months ago

    Hi all,

    My tenant recently reported to my managing agent that they located some asbestos in the garden of my investment property as they were digging the yard.

    I straight away had a licensed asbestos specialist visit to take a sample and have it tested.

    The sample has outlined asbestos has been detected.

    What are my duties and responsibilities…[Read more]

  • Load More

propertyboy

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
150,109

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!