Definately not $0.Atleast 200k

The website says they send out assessments every march and may. How do I register for it?Why does everyone say if you own one property SRO doesnt pick it up but as soon as you buy your second they get on to it?Why is my C.I.V and site value the same?Thanks

"You must lodge your objection with the SRO within 2 months of receiving your land tax assessment notice. You are taken to have received your land tax assessment notice two business days after the assessment notice was issued. For example, the SRO issued a 2011 land tax assessment to XPZ Pty Ltd on 1 March 2011. XPZ Pty Ltd is taken to have…[Read more]

Washington Brown said they send a QS to do the inspection and they provide the same guarantee as BMT so why should I pay extrea $110 for BMT?

How much did dep-pro charge you?I have a quote for $550 from Washington Brown and $640 from BMT. Should I just go with Washington Brown?Washington Brown said they send qualified QS to all inspections.

Did you get more than one property done?I got BMT down to $630, should I just go ahead with them or go for a $500 one?I like the Guarantee which BMT provide. "BMT Tax Depreciation provides the guarantee that when you receive a BMT Report your depreciation deductions will be maximised. If we can not obtain double our fee worth of deductions in…[Read more]

Did you negotiate $500 with BMT?Was your deduction 2k? Or is that the amount you saved on tax?Because if thats how much you saved, assuming you are on the 30% tax bracket that would mean the deduction was around $6.666k (2000/.3)I am  happy to pay the $700 a year if I can get approx 6k deduction in the first year.I was told 6k is around the…[Read more]

is $700 a good rate?Here is the company I was going to use.http://www.youtube.com/watch?v=0-1EpOFVTcU&list=UUhxgJIbDslHNRpGErj3gRnw&index=1&feature=plcp

What about for a property that is older than 40 years old? Where effectively I can only depreciate the renovations?

I have one investment property. It is a unit which was purchased in 1960. Given it is >40 years old I will not be able to claim any deprecation on the property itself. However, the kitchen has been renovated, new decking has been put in and other minor changes have been made.

Is it worth the $700 fee I am paying to get these guys out? Or will the…[Read more]

I have one investment property. It is a unit which was purchased in 1960. Given it is >40 years old I will not be able to claim any deprecation on the property itself. However, the kitchen has been renovated, new decking has been put in and other minor changes have been made.Is it worth the $700 fee I am paying to get these guys out? Or will the…[Read more]

Not yet, can someone recommend a property lawyer in Melbourne that will hear my case and charge should we take this to court.

JacM wrote:
If Fred has been the legal owner since 1989, then wouldn't the council rates have been adressed to him?  And if so, how come your dad hasn't noticed he hasn't been sent a council rates bill for more than 20 years?

He knew, his brothers came and made him sign with force and bullied him

Terryw wrote:

propertyboy wrote:

ledgend80 wrote:
From what i have read so far it does not matter with your PPOR but if you want to turn your PPOR into an IP you need to have your loan on interest only and have a 100% offset account so that you do not contaminate the IP loan so you can claim more against you tax.

Yeh but if they pay down…[Read more]

Thats the scenario I am in and the bank is not offering me an offset account so I am thinking of just doing that. If I dont intend to draw on the amount I pay down the loan, does it make a difference?

ledgend80 wrote:
From what i have read so far it does not matter with your PPOR but if you want to turn your PPOR into an IP you need to have your loan on interest only and have a 100% offset account so that you do not contaminate the IP loan so you can claim more against you tax.

Yeh but if they pay down their PPOR loan they can take out a new…[Read more]

Yeh but if they buy a new IP they can just take out a new loan to finance the new IP and redraw from loan on PPOR and put in new investment propertys offset.

I want to pursue this.Can anyone recommend a property lawyer in Melbourne?I really want to speak to someone and see if I have a case? They might say there is nothing I can do. Do lawyers usually charge to hear what a client needs? I want to sit down explain the situation and see if the lawyer thinks they can do something, but I dont want to pay…[Read more]

Terryw wrote:
You should not be paying off the house but keeping your cash for future possible PPOR loans. A good way to do this to save interest is to use a 100% offset. Paying into the loan and redrawing will make you pay more tax so don''t do that. No need to worry about selling yet.

Why does it matter?The loan from the PPOR is not tax…[Read more]

Shape wrote:
Mr and Mrs Propertyinvesting lives at home and has a IP worth $300,000, they plan on buying a PPOR to live in very soon + get married and buy some shares. 1. Redraw—- You have a $200,000 Investment property Mortgage with $50,000 cash you decide to chuck this cash into the mortgage…so the mortgage is now $150,000 ( + 50,000…[Read more]