PropertyInvesting.com | rabbit80 | Activity

rabbit80 replied to the topic 6 year rule clarification required in the forum Legal & Accounting

Tue, 31 Aug 2010 10:50:39 +0000

Dann,Just to clarrify, so if it take 3 years to build and I am paying CGT from the contract date, hence I own the property for more than a year and if i decide to sell it when completed , I will be able to claim 50% discount in the CGT payment to the tax office.am I on the right track…Regards

rabbit80 replied to the topic 6 year rule clarification required in the forum Legal & Accounting

Fri, 27 Aug 2010 12:40:11 +0000

Thanks guys .. its been a great help.This accountant was recommended by a colleague at work but I found him to be dud.. Too late for this year.. So I will be looking for a new accountant next year.. I am moving into a rental property myself this weekend and will be renting my place out starting next weekDucster… I got a questions for you ..…[Read more]

rabbit80 replied to the topic and/or nominee clause in the forum Help Needed!

Wed, 04 Aug 2010 13:01:03 +0000

Hello all,Thanks for the advice. I spoke to my solicitor, and was advice that nominee cause can be used for any purchaseand I am able to add my wife name to the contract anytime prior to the settlement of the property.(within 3 years). There is minor cost of around few hundreds dollors..so I did signed the contact today.. so thanks again.Happy…[Read more]

rabbit80 replied to the topic Changing PPR in the forum Finance

Sun, 02 Aug 2009 10:52:20 +0000

thanks richard..is it possible that as the new property is under construction i move additional funds (10K) from my redraw into the construction loan prior to the completion of the property… so by the time i rent the unit out it will have that amount owing on it.. and i can claim the interest on it..i understand the unit will be massively…[Read more]