PropertyInvesting.com | Rikky | Activity https://www.propertyinvesting.com/members/rikky/activity/ Activity feed for Rikky. Sat, 11 Apr 2026 18:59:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ab31ebaa40d2877e4074c32505ebe026 Rikky replied to the topic Melbourne Boom ? in the forum General Property https://www.propertyinvesting.com/topic/4389375-melbourne-boom/#post-4566697 Mon, 30 Apr 2007 14:06:35 +0000 Foundation You are the most interesting person on this forum by a mile as far as im concerned. I do agree that the average price has fallen I belive this is due to the ever increasing sales of units and appartments flats. I could be wrong.I sold my house late last year settled around september and started looking to buy a house in an area I wa…[Read more]

]]> 7b61a5016a2d98440c84ce89f9f291f2 Rikky replied to the topic Melbourne Foreclosures in the forum General Property https://www.propertyinvesting.com/topic/4389393-melbourne-foreclosures/#post-4566802 Mon, 30 Apr 2007 13:26:50 +0000 BecBecareful when looking to invest in the USA. I have been over there many times in the last 2 years learning the market Ive met most of the guys that are running these USA adventures. Ive seen and travelled around thousands of forclouses and pre forclosures. There are so many different forclosures. That market is crazy and sounds great. But if…[Read more]

]]> 0f0304763bfe900fbca0783a66c83b56 Rikky replied to the topic Reno deals for you in the forum Help Needed! https://www.propertyinvesting.com/topic/4387529-reno-deals-for-you/#post-4558003 Thu, 30 Nov 2006 13:25:20 +0000 Thanks mate

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 7b339d161e0213bf46397d3257ef6c88 Rikky replied to the topic How do I find Investors? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387437-how-do-i-find-investors/#post-4557579 Thu, 23 Nov 2006 11:07:54 +0000 KR

Im always looking for a project to put my money into give me a call 0408355568

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> dbc32b70484ff202bfb4384cf7a2347d Rikky replied to the topic conveyancer required for melbourne in the forum No Subject https://www.propertyinvesting.com/topic/4387430-conveyancer-required-for-melbourne/#post-4557563 Sat, 18 Nov 2006 05:32:23 +0000 I use moone ponds conveyancing, a lady by the name of Kay. She is fantastic.

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 86e961a93677e2da705934bfc0b077a8 Rikky replied to the topic Who is Dolf de Roos?? in the forum Heads Up! https://www.propertyinvesting.com/topic/4387417-who-is-dolf-de-roos/#post-4557498 Fri, 17 Nov 2006 22:26:05 +0000 Dolf

Is a guru . He makes most gurus look like beginers .
I have read a few off his books .

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 5d0fba3075c2998358baa8621af08040 Rikky replied to the topic Buffalo properties in the forum Overseas Deals https://www.propertyinvesting.com/topic/4387014-buffalo-properties-2/#post-4555651 Mon, 09 Oct 2006 13:50:43 +0000 Mate I started studing this market 18 months ago Im yet to hear a good story , my opion stay away

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> e7dec2e3d99b26aafd522b5c40281a1d Rikky replied to the topic How rich do you have to be to be a guru in the forum Heads Up! https://www.propertyinvesting.com/topic/4386804-how-rich-do-you-have-to-be-to-be-a-guru/#post-4554741 Tue, 19 Sep 2006 13:26:53 +0000 No good preaching if you dont do what you say.

If you want to preach you must at least practice what you preach and have good achivements in what you are preaching.

I have made good money from positive cash flow, CG,developments. I have read god knows how many books, but I would hardly call myself a guru. So to answer DrX question is it what…[Read more]

]]> 913e32f13cb0275104cba3a2e2373166 Rikky replied to the topic $75K in five months in the forum General Property https://www.propertyinvesting.com/topic/4386812-75k-in-five-months/#post-4554784 Tue, 19 Sep 2006 12:59:41 +0000 Just made 54K in five weeks bought a property for 75K done a reno on sold it for 153k .

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> be870ca189263292ae9164e3f20906c9 Rikky replied to the topic CGT - 6 years? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386815-cgt-6-years/#post-4554797 Tue, 19 Sep 2006 12:44:49 +0000 only if you rented the property out for a certain period then shifted in your self for about 6 to7 years then in some cases you may not need to pay CGT.

Or if you bought the property before 1984 you are also exempt from CGT.

All property that you make a profit on and was not your PPOR for a period you will have to pay tax on .

We buy…[Read more]

]]> 8cd71979fd04dc480cb47f06820d0c44 Rikky replied to the topic Opening a U.S. bank account in the forum Overseas Deals https://www.propertyinvesting.com/topic/4386742-opening-a-u-s-bank-account/#post-4554351 Sat, 16 Sep 2006 00:02:48 +0000 Phil

HSBC do not operate in San Antonio sure you can do banking there but there is no main branch there. So I would open one with them .

Kind regards Rick

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 9810d478c7574b665b26fca3d1f20308 Rikky replied to the topic The United States in the forum No Subject https://www.propertyinvesting.com/topic/4386779-the-united-states/#post-4554524 Fri, 15 Sep 2006 23:58:14 +0000 Hi Nigel

Good luck with your adventures , I know you will do exceptionally.
Just a note to anyone considering investing in the states this maybe the break through that is needed in property management.

Take care Nigel have a sake trip

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> f754b60d198a9054451e78fab80fec0e Rikky replied to the topic Equity Partners in the forum Finance https://www.propertyinvesting.com/topic/4386711-equity-partners-3/#post-4554216 Thu, 07 Sep 2006 23:26:27 +0000 Grant

My main factors are I want my money in for minimum time, no more than 12 months, risk verses reward and only do deals that are in my name with a legal agreement signed between us stating how much % return we get each.

I dont do monthly returns to risky unless its surcured some how .

We buy properties cash fast settlements no fees no…[Read more]

]]> 76deb1b42d6969827189ce09ab06e22d Rikky replied to the topic Foundation - you offered to tell us why in the forum Heads Up! https://www.propertyinvesting.com/topic/4386560-foundation-you-offered-to-tell-us-why/page/2/#post-4553449 Thu, 07 Sep 2006 13:44:05 +0000 F the superannuation companys will invest in property they look at the big picture if they get 4-5% yeild but also think they will get say 10% growth they are still in a win win situation. Super companys can just create there own market , buy propertys with your money today 30 years later buy the same property off little johny down the road at…[Read more]

]]> ca01af1252d09099f5e8911e16cbb866 Rikky replied to the topic Equity Partners in the forum Finance https://www.propertyinvesting.com/topic/4386711-equity-partners-3/#post-4554214 Thu, 07 Sep 2006 13:00:13 +0000 If you need equity partners I will always look at a deal and if the deal looks right I will put my money in.

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 12bbcd4e5e5a23b9bb2046566955d4b5 Rikky replied to the topic Foundation - you offered to tell us why in the forum Heads Up! https://www.propertyinvesting.com/topic/4386560-foundation-you-offered-to-tell-us-why/page/2/#post-4553443 Sun, 03 Sep 2006 13:35:44 +0000 I have an opion on rising property prices and why they will continue to grow at rapid rates for a long time to come. Although I would like to say your right foundation and I have been waiting for a crash for 3 years fingers crossed it comes soon.

One word SUPERANNUATION 600 million dollars a week that has to be invested into something property ,…[Read more]

]]> dd2fab2cfd53a84f89ff51d4f2fa6fa0 Rikky replied to the topic Money Partner in the forum Help Needed! https://www.propertyinvesting.com/topic/4386129-money-partner-2/#post-4551532 Sat, 15 Jul 2006 02:20:59 +0000 Yes I’m interested in being a money partner call me on 0408355568

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> cf6898c3a87120fec61a25257f321d8e Rikky replied to the topic How long does a major reno take? in the forum Value Adding https://www.propertyinvesting.com/topic/4385099-how-long-does-a-major-reno-take/#post-4545490 Wed, 10 May 2006 12:21:45 +0000 How long is a peice of string I guess it depends on were you cut it

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> aae483e4af6e7e73baffe9ed119b0fb2 Rikky replied to the topic Wanted The Wrap Kit! in the forum No Subject https://www.propertyinvesting.com/topic/4385411-wanted-the-wrap-kit/#post-4547025 Wed, 10 May 2006 12:17:35 +0000 email me your number and I will get one for you

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> db5169671ac5acb1986f7f6dc751fe97 Rikky replied to the topic To invest in property or not in the forum No Subject https://www.propertyinvesting.com/topic/4385356-to-invest-in-property-or-not/#post-4546810 Wed, 10 May 2006 12:12:28 +0000 At the moment it is hard to beat the share market but I personally love property so for me that is my preferred investment. You have to have a passion for it if you want to be seriuos

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 3c9c9a361ed2a5e8a0766f2f27b756c3 Rikky replied to the topic buying property in Victoria in the forum Help Needed! https://www.propertyinvesting.com/topic/4385095-buying-property-in-victoria/#post-4545471 Wed, 10 May 2006 12:08:27 +0000 I agree with housemender

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 1a1a033ece132ceb716ff3fd3c91080d Rikky replied to the topic Pro's and Cons in the forum Help Needed! https://www.propertyinvesting.com/topic/4385357-pros-and-cons/#post-4546812 Wed, 10 May 2006 12:04:24 +0000 Veiws are worth a lot and is always easy to sell. If the other place has just been fited out then it probably is at its peak price were as the other place with some small improvement you maybe able to add more value thats how I would look at the deal .

We buy properties cash fast settlements no fees no fuss. contact me on 0408…[Read more]

]]> e59569fa0bed5c2be9a148054ecc025c Rikky replied to the topic Price of Commercial Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4385401-price-of-commercial-property/#post-4546998 Wed, 10 May 2006 11:59:07 +0000 Research simular propertys in the area and recent sales in the area and compare

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 23a5f0b03dace4ac3488f1e7d98ff115 Rikky replied to the topic Will rate increase result in rental increases? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385361-will-rate-increase-result-in-rental-increases/#post-4546831 Wed, 10 May 2006 11:54:30 +0000 Will rate rises cause rent increase , if investors leave the market because returns are not good enough and there become a scacity of rental on the market then sure rent will rise .

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> c23e58e1a450efbad2dd5a07f5262a04 Rikky replied to the topic % returns in the forum Help Needed! https://www.propertyinvesting.com/topic/4385364-returns/#post-4546841 Wed, 10 May 2006 11:49:00 +0000 Westan you say you cant get these returns in Australia.
I just bought a property in the la trobe vally for 75K spent 3 weeks cleaning it up and replacing the kitchen owed me 100k includeing all costs and sold it for 140k cash on cash was about 100% in a period of 3 months

We buy properties cash fast settlements no fees no fuss. contact me on…[Read more]

]]> 0eae4015cfd288e35b2a71b34c0a8071 Rikky replied to the topic CGT on negative geared IP in the forum No Subject https://www.propertyinvesting.com/topic/4385429-cgt-on-negative-geared-ip/#post-4547108 Wed, 10 May 2006 11:41:31 +0000 No worrie mate thats what we are all hear for

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> e911637fca05ff1e1f375013c231b259 Rikky replied to the topic Negative Gearing Blowout in the forum No Subject https://www.propertyinvesting.com/topic/4385394-negative-gearing-blowout/#post-4546975 Wed, 10 May 2006 11:39:48 +0000 The government droped tax benifits of negative gearing for 2 years in the 80s it was the worst thing they done people had nowere to live and the government had to house people it cost them a fortune rents went through the roof so they went back to tax benifits for negativly geared propertys

We buy properties cash fast settlements no fees no fuss.…[Read more]

]]> 78ae5a0f238c4b596bda557e4d44219d Rikky replied to the topic As a complete Newbie to investment i need advice! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385346-as-a-complete-newbie-to-investment-i-need-advice/#post-4546752 Wed, 10 May 2006 11:29:11 +0000 Invest in is it burnie or something like that . there are 8 or 9 % returns there everwere and surronding neighbourhoods have gone up huge amounts in the last couple of years I know it is not the most desirable place but it has to go up . If I could get loans over there thats were I would be putting my money at the moment . My bussiness partner…[Read more]

]]> a61056bc4c2cfabf9f7997c5db7f42d8 Rikky replied to the topic % returns in the forum No Subject https://www.propertyinvesting.com/topic/4385364-returns/#post-4546839 Wed, 10 May 2006 11:20:06 +0000 10% unless the property looks like it is going to make me capital gains in the very near future

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 5fc18e26fec5afb6a70872bfda4ac598 Rikky replied to the topic How do YOU evaluate an investment ? in the forum No Subject https://www.propertyinvesting.com/topic/4385406-how-do-you-evaluate-an-investment/#post-4547015 Wed, 10 May 2006 11:12:34 +0000 I evaluate the property on how am I going to make money on this deal.

e.g. How much money do i need to put into the deal ?
How long is my money going to be tied up for ?
What are the risks ?
What is my cash on cash return ?

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 9891235695ce12c5be07c8318dcdbb56 Rikky replied to the topic What amenities are the best to have near a IP? in the forum No Subject https://www.propertyinvesting.com/topic/4385415-what-amenities-are-the-best-to-have-near-a-ip/#post-4547045 Wed, 10 May 2006 11:07:40 +0000 Shops and transport

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 6432b06a761d7805c134a4b60e1c9dc2 Rikky replied to the topic Where to next? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385405-where-to-next-2/#post-4547014 Wed, 10 May 2006 11:01:52 +0000 Do what you were planing in the first place thats how i have made most of my money

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 2cbf906950be8bd39120d51ff6a8290c Rikky replied to the topic Just one tip with negotiating in the forum Help Needed! https://www.propertyinvesting.com/topic/4385237-just-one-tip-with-negotiating/#post-4546340 Wed, 10 May 2006 10:46:54 +0000 Interesting reading some good statagies

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> c561ff090b0863207b43ad14e1b77ccf Rikky replied to the topic but i am only 19! in the forum No Subject https://www.propertyinvesting.com/topic/4385431-but-i-am-only-19/#post-4547113 Wed, 10 May 2006 10:44:26 +0000 Good idea jenny I bought my first investmest property with my mate when i was 24 years old I woulnt have had the nerve to do it at the time on my own

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 08803ae7c0c168f9b7f6505287c97bc0 Rikky replied to the topic Help me find a property investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4385420-help-me-find-a-property-investor/#post-4547073 Wed, 10 May 2006 10:41:59 +0000 How long ago was this how old was he were does he live more info the better

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 2a7b44f1c5eb389ec5d4f7a041316cca Rikky replied to the topic Information About An Area in the forum Help Needed! https://www.propertyinvesting.com/topic/4385413-information-about-an-area/#post-4547042 Wed, 10 May 2006 10:39:39 +0000 There is this new bute thing called the internet check it out

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 3ddd5a0fad128153e9fad010bc436d94 Rikky replied to the topic Train line noise problem solution in the forum Help Needed! https://www.propertyinvesting.com/topic/4385426-train-line-noise-problem-solution/#post-4547095 Wed, 10 May 2006 10:36:14 +0000 Build a high fence made of banboo and make it as wide as possible e.g 1 foot

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> f186a6bf47a0cd1a19d3810ddcd99d5a Rikky replied to the topic On selling deals in the forum Help Needed! https://www.propertyinvesting.com/topic/4385427-on-selling-deals/#post-4547102 Wed, 10 May 2006 10:33:44 +0000 What do you mean

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> b2b14b9540139587505479f2dbf9d95e Rikky replied to the topic CGT on negative geared IP in the forum No Subject https://www.propertyinvesting.com/topic/4385429-cgt-on-negative-geared-ip/#post-4547106 Wed, 10 May 2006 10:31:00 +0000 No what happens is that lets say you bought a property for 250k then over 5 years you claimed 20k in depreciation e.g. construction carpets etc the property then only owes you 230k so therefore if you sold it for 300k your profit is 70k you then get a 50% CGT discount so in this case you only pay tax on 35k.

Before they had the 50% discount on…[Read more]

]]> 97a78d41b92699c743e717e5a646df94 Rikky replied to the topic Young Investor, Need Opinions! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385418-young-investor-need-opinions/#post-4547064 Wed, 10 May 2006 10:15:46 +0000 Mate 20 years old go for it I wish I started that young

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 662d2900fbe4fedbfbfc6e5c90833e35 Rikky replied to the topic What are the worse things to have near an IP? in the forum No Subject https://www.propertyinvesting.com/topic/4385416-what-are-the-worse-things-to-have-near-an-ip/#post-4547050 Wed, 10 May 2006 10:13:49 +0000 Train lines I have had a bit of trouble with mine

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> ea7dc37f06785fda4d22336748d88dab Rikky replied to the topic CF+ Properties in Ballart - your thoughts plz... in the forum Help Needed! https://www.propertyinvesting.com/topic/4385403-cf-properties-in-ballart-your-thoughts-plz/#post-4547007 Wed, 10 May 2006 10:12:08 +0000 If I could find + cf in ballarat I would buy there 7 days a week

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 59bc695c08ad8c874ea35855f6238cce Rikky replied to the topic but i am only 19! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385431-but-i-am-only-19/#post-4547111 Wed, 10 May 2006 10:07:56 +0000 I wish I started at 19 just do it what ever it takes

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> b5d393bb531419397aacfcebea07f9e2 Rikky replied to the topic Advice needed on getting this deal over the line.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4385186-advice-needed-on-getting-this-deal-over-the-line/#post-4545991 Sun, 30 Apr 2006 11:07:56 +0000 Ozi

How you going with that deal any luck ?

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 8d1bf78a8bcc15dd5f2b1d3f912bd4cb Rikky replied to the topic Advice needed on getting this deal over the line.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4385186-advice-needed-on-getting-this-deal-over-the-line/#post-4545989 Sun, 23 Apr 2006 23:56:30 +0000 Ozi

Sounds like your on a winner.
If you need tips about renovating will talk to you about them tomorrow. Keep the iron in the fire with this one don’t let her sign up with an agent .

Good work so far

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> b9abaea792fa317a45da05235646e11f Rikky replied to the topic Advice needed on getting this deal over the line.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4385186-advice-needed-on-getting-this-deal-over-the-line/#post-4545980 Sun, 23 Apr 2006 08:54:35 +0000 Ozi

Tell her agents cost about 3% + 2% in advetising. It could be a 2-3 month advertising canpane and another 2-3 months to settle. Toal of 6 months , if that money was invested somwere else for that time it could add up to anther 3.5% of the sale price (going on interest rates of roughly 7%) so the money in her hand would only be about 91.5% of…[Read more]

]]> d69c14b47ea8275bf36b904574f640e1 Rikky replied to the topic USA TODAY! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385087-usa-today/#post-4545439 Fri, 14 Apr 2006 11:48:57 +0000 Be careful there are people on this forum that will give you the wrong information in regards to property in the USA go over there by yourself and make an independent decision on investing over there . At the moment there are a lot of tour groups offering all sorts of glossy deals and from the surface they look great. Be very careful

We buy…[Read more]

]]> 31f783bbe3f79bad0569d845bd00c32a Rikky replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/2/#post-4543132 Tue, 11 Apr 2006 11:13:24 +0000 Andy

The gas is left on to heat the water pipes. But good call.
Hay in nearly 12 months I have nit heard 1 success story about NY.
Perry and accociates are puting together deals that are based in Texas, I personally feel that it is a good place to be investing at the moment.

Good luck

We buy properties cash fast settlements no fees no fuss.…[Read more]

]]> ca506b61bb1345fb579f5a290d63edca Rikky replied to the topic Heading back to the USA in the forum No Subject https://www.propertyinvesting.com/topic/4385040-heading-back-to-the-usa/#post-4545212 Tue, 11 Apr 2006 11:03:55 +0000 Nigel

Good luck with it all , I am sure you will be successful in what you are doing over there.

Kind regards Rick

We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
propertywizkid@yahoo.com.au

]]> 5e9eb212952eb18786acf06226a445d1 Rikky replied to the topic How to calculate CGT? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384983-how-to-calculate-cgt/#post-4544931 Wed, 05 Apr 2006 11:54:58 +0000 CGT basically is a 50% disscount on your normal tax rate

E.G. If you made $70,000 profit and you paid normal tax (lets say your tax rate is 48.5% this is the highest tax rate, due to your earning from your normal job ) then your tax bill on the extra $70,000 you made for the year would be 48.5% of $70,000 = $33,950 tax.

CGT gives you a 50%…[Read more]

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