PropertyInvesting.com | Rob G. | Activity https://www.propertyinvesting.com/members/rob-g./activity/ Activity feed for Rob G.. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 495f1f3bc45067056a0345d335a98599 Rob G. replied to the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/#post-4992801 Tue, 15 Jul 2014 09:03:32 +0000 Minor beneficiary must submit a tax return if they are presently entitled to income of more than one trust, or if they have other income etc.

]]> 947dceec2b33574de01ba85dd10af7c7 Rob G. replied to the topic Land Tax and CGTC in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4991872-land-tax-and-cgtc/#post-4992799 Tue, 15 Jul 2014 08:56:49 +0000 It appears that you are purchasing an IP (dwelling C) and are hoping to use it as an IP for a time and then demolish and rebuild within 4 years.

Since property C is initially an IP, you will not be able to nominate this as a PPOR until you do in fact occupy it as your main residence.

The 4 year build concession deems vacant land or an…[Read more]

]]> b1e856967dd7c104aba989652b6fe58e Rob G. replied to the topic Deductions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992379-deductions-2/#post-4992798 Tue, 15 Jul 2014 08:45:26 +0000 Here is a hypothetical response.

Clarifications needed.

1) What is the trading entity (sole trader, company ?).

2) Is just the business being sold, as opposed to a company that conducts the business ?

3) If the business is being purchased (rather than a company conducting the business), has the purchaser also purchased the book debts ?…[Read more]

]]> 2d4aa2713120080cad0bda49f10bf541 Rob G. replied to the topic tax question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4990967-tax-question-7/#post-4990990 Sun, 25 May 2014 23:05:03 +0000 Inappropriate quote

s.118-192 market value cost base deeming only applies for a dwelling that would have been a 100% exempt main residence prior to first using it to earn assessable income.

The original post indicated that this dwelling was initially an IP

]]> 6589319c1d28bc69da852842082ad4b4 Rob G. replied to the topic Investment Loans and Tax deductability issues in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410169-investment-loans-and-tax-deductability-issues/#post-4695712 Fri, 08 Nov 2013 21:12:16 +0000 darkness72 wrote:

Purchase an investment property at Auction, – lets say 600k
I pay with my own funds (redrawing funds from my PPOR home loan) the Deposit – 10% 60k

At settlement the bank investment loan commences for 600k – remaining 540k to the vendor.

The other 60k the bank places back into my PPOR.

   If you redraw $60k from PPOR loan…[Read more]

]]> b677f139e69c2fa0c5737be434095c29 Rob G. replied to the topic Adverse possession claim of land recently acquired by council. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410206-adverse-possession-claim-of-land-recently-acquired-by-council/#post-4695874 Sat, 02 Nov 2013 04:17:22 +0000 Which state ?

]]> b0b544dd3e3a456739104fc405e69f42 Rob G. replied to the topic Interest on construction loan - is it deductible? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410192-interest-on-construction-loan-is-it-deductible/#post-4695799 Wed, 30 Oct 2013 20:43:55 +0000 Ynchai wrote:
Thank you so much for your replies. Really helpful.

@TerryW, i just read the tax case you referred to, it sounds like the interest on creating capital is not tax deductible, and construction could ve argue as capital creation even with intention to rent out the property so based on this case, it wont be tax deductible during…[Read more]

]]> 9500e30d5cf2e0c380fadc62f3bd66b3 Rob G. replied to the topic Purchasing property - put in Trust or Personal? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410064-purchasing-property-put-in-trust-or-personal/#post-4695051 Sun, 29 Sep 2013 12:44:38 +0000 CGT still matters because it is a tax on inflation.

Even your dependents may inherit the property with your historical cost base and substantial underlying tax liability – AKA 'death taxes'. I seem to remember Terry trying to raise estate planning issues with you.

Present value does matter with capital appreciating assets.

What makes you think…[Read more]

]]> 3650be8c091031bcaa982e2c33aaf600 Rob G. replied to the topic Complicated CGT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410062-complicated-cgt/#post-4695028 Fri, 27 Sep 2013 04:12:40 +0000 From your stated facts:

Valuation is at the first day it was rented for cost base

This is the day it is deemed acquired by you for the purpose of tracing ownership and apportioning

]]> 0623b214e60fcf73d40ad996d8824993 Rob G. replied to the topic Can you have a commercial lease for a residential property? in the forum Commercial Property https://www.propertyinvesting.com/topic/4409941-can-you-have-a-commercial-lease-for-a-residential-property/#post-4694346 Sun, 22 Sep 2013 07:35:38 +0000 GST ?

Loss of six year absence main residence CGT exemption.

Sigh …

]]> 54a97d8033362c5e3a8e187912f31c1f Rob G. replied to the topic Main Residence Exemption in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409865-main-residence-exemption/#post-4694037 Sat, 21 Sep 2013 23:50:37 +0000 Doesn’t matter if you move into another dwelling you own.

The s.118-145 election deems your vacated dwelling (and no other) to remain your exempt main residence for a certain time.

]]> a5bbe758763e65806bb2a078878166ad Rob G. replied to the topic Centrelink - Principal home holiday rented for part of year in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410037-centrelink-principal-home-holiday-rented-for-part-of-year/#post-4694850 Sat, 21 Sep 2013 23:45:26 +0000 Instalments of capital from a deferred PPOR disposal would not be considered ordinary income for tax law, so maybe that swayed Centrelink.

Renting is different.

Not sure how Centrelink would treat this for assets test.

]]> 0e5385fce790f16ebe7eca85822d795b Rob G. replied to the topic Immediate deduction vs. capital work in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410021-immediate-deduction-vs-capital-work/#post-4694761 Sat, 21 Sep 2013 23:36:52 +0000 Sounds like capital based on the disclosed facts. 1) extent of replacement = entire external, 2) use of more durable non-rust copper to replace cast iron, 3) Possibly initial repair where the pipes were rusty or defective from the time purchased.

]]> 9e5419c9bbd541d1d572743ce3542792 Rob G. replied to the topic Non-Economic Rental Property - What to do? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409333-non-economic-rental-property-what-to-do/#post-4690640 Sat, 11 May 2013 07:59:53 +0000 Possibly zero deductions and zero income if it looks entirely motivated my domestic reasons.

]]> f21440bb408958286af76e85906c74a4 Rob G. replied to the topic CGT on ex-PPOR - date of base valuation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409270-cgt-on-ex-ppor-date-of-base-valuation/#post-4690292 Sat, 04 May 2013 09:58:32 +0000 The valuation date is the day it was first used to produce income – this is the first element of cost. This is probably what your accountant was telling you.

If you elect to disregard any capital gain by treating it as your main residence during your latest absence due to living in the new PPOR then you lose the exemption for this new residence…[Read more]

]]> 9bf344be6599bad34816a62e1f8985eb Rob G. replied to the topic CGT on ex-PPOR - date of base valuation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409270-cgt-on-ex-ppor-date-of-base-valuation/#post-4690290 Fri, 03 May 2013 08:30:57 +0000 lizu wrote:
Thanks for your comment, Terry. Up until the point I purchased the second residence, the old house was my home and only property … so I can't understand why the accountant is saying I need to treat it as an investment property from the time I first had a tenant in it.

What can I do if my accountant still insists that he is right?…[Read more]

]]> d4dd353ef35f31057d1ab76bbb462519 Rob G. replied to the topic Selling two properties without CGT event in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409062-selling-two-properties-without-cgt-event/#post-4688991 Fri, 29 Mar 2013 00:57:58 +0000 Generally, you get one main residence exemption, except perhaps for a 6 month overlap as Terry said.

Take your details to another accountant to get an informed opinion.

Cheers,

Rob

]]> 3a3386a5cb300a3e219fc3bec85f3030 Rob G. replied to the topic CGT issues regarding brand new PPOR in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408830-cgt-issues-regarding-brand-new-ppor/#post-4687285 Tue, 26 Feb 2013 21:14:53 +0000 The main residence exemption would normally require occupying as your main residence as soon as practicable.

Cheers,

Rob

]]> 02b4ac164da79ccf9a655e9a18fa5a94 Rob G. replied to the topic A word of warning on property in your SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408233-a-word-of-warning-on-property-in-your-smsf/#post-4682143 Fri, 07 Dec 2012 12:46:56 +0000 theycallmeBruce wrote:

But the only thing you can purchase in your SMSF that you can benefit from is artwork, you can purchase this and hang it in your own hallway provided that is the most logical and secure place for it. Anything else like this you can buy and benefit from?

Another example of bad advice.

Cheers,

Rob

]]> 5a0969a47aa9921d7994e279e7b08bfa Rob G. replied to the topic Small business instant asset write-off 12-13 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408211-small-business-instant-asset-write-off-12-13/#post-4681991 Tue, 04 Dec 2012 21:54:44 +0000 The key requirement is to be able to access the small business concessions in Division 328 ITAA97.

The first requirement being that you carry on a business.

An activity of renting a single holiday property appears to be mere passive investment income based on the facts you have given above.

This is regardless of whether the asset is held…[Read more]

]]> 4da850b186d90b1afc13411343cf00b8 Rob G. replied to the topic Transfer PPOR (soon to be IP) to spouse but not mortgage in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407750-transfer-ppor-soon-to-be-ip-to-spouse-but-not-mortgage/page/2/#post-4678499 Wed, 03 Oct 2012 11:47:29 +0000 You twice referred to reliance on Rolf's Somersoft comments relating to somebody else's incomplete information and different circumstances.

You also refer to finding a BANTACS article.

You also got some quick, free (but frequently unreliable) advice from the ATO phone line based on anecdotal facts you provide to them.

These are brief…[Read more]

]]> 86ff1534894b61e4ae48991db2c7a946 Rob G. replied to the topic Accountant Fees - SMSF, Unit & Discretionary Trusts, Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407469-accountant-fees-smsf-unit-discretionary-trusts-company/#post-4676435 Thu, 30 Aug 2012 23:23:27 +0000 Was this also the year in which the structures were set up ?

If you cart everything to a new accountant, the initial due diligence checking deeds, constitutions, etc. will cost.

Ongoing fees should be a lot lower, depending on your record keeping.

Cheers,

Rob

]]> cc908456a1cb93c9b3885fef72ae2511 Rob G. replied to the topic Asset protection in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407131-asset-protection-5/#post-4673847 Tue, 17 Jul 2012 23:03:50 +0000 Hi Terry,The 'notional estate' provisions of NSW FLA must be bordering on constitutional issues unless judges start to elaborate on their reasoning more specifically.The Michael Hutchinson scenario is a prime example of the warning about advisers and promoters who are willing to structure your affairs for a fee.The prime example is a person…[Read more]

]]> 2c9412fa77d9742da11fe9d45a3a570f Rob G. replied to the topic Asset protection in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407131-asset-protection-5/#post-4673845 Tue, 17 Jul 2012 08:51:32 +0000 jasonlheath wrote:

Terryw wrote:
There are very little ways in which you can protect assets in family law situations. Transferring assets won't help.

Thanks Terry, although that is really disappointing that there is no way to protect myself.

Before you START a relationship, you need to put your assets outside your effective control.That is…[Read more]

]]> 88a845fc16a6259c25cf640d33ee559a Rob G. replied to the topic hot water system - repair in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407083-hot-water-system-repair/#post-4673456 Sun, 15 Jul 2012 23:24:19 +0000 The hot water tank assembly with its heating element etc. is an asset by itself.You have replaced the entire asset.i.e. you have scrapped the old one, which is a balancing event. The cost of removal of the old one is part of the old asset cost.You start to depreciate the the cost of the new one over its effective life.So … immediate deduction…[Read more]

]]> da92740b69d3077766168c82fd1a01e2 Rob G. replied to the topic Neighbours fence and shed on my property!! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406928-neighbours-fence-and-shed-on-my-property/#post-4672360 Sat, 23 Jun 2012 04:20:51 +0000 Terryw wrote:
Look into adverse possession too. He may be able to make a claim for that part of the land if in continuous occupation for 12 years or so.

Agree with Terry.The first thing I do is get a copy of certificate of title with boundaries, easements etc. plus street block subdivision from council & utility companies if necessary (even…[Read more]

]]> 06277cf4921bbca7a436ac48f888ea8e Rob G. replied to the topic How to release equity - without selling? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404588-how-to-release-equity-without-selling/#post-4654870 Mon, 11 Jun 2012 22:44:21 +0000 This whole thread neglects to caution against sexually transmitted debt.Get some legal advice regarding asset protection before optimising your tax position.Cheers,Rob

]]> a13c94e0607327b27c965e458ddf81ee Rob G. replied to the topic Borrow from LOC for IP repairs and other costs? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406617-borrow-from-loc-for-ip-repairs-and-other-costs/page/2/#post-4670011 Thu, 07 Jun 2012 02:05:31 +0000 amsaini15 wrote:

Rob G. wrote:
Provided the recoupments from the tenants go directly into the LOC, otherwise you contaminate the loan.Cheers,Rob

Rob G, you mean to say if rent from tenants is going in the LOC, we can continue to pay rental exoenses like council, water, insurance,etc and interest payment of the loan from LOC. ATO does not…[Read more]

]]> 74d8bf6d33a713ea53ca86da7d0a9bb5 Rob G. replied to the topic Borrow from LOC for IP repairs and other costs? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406617-borrow-from-loc-for-ip-repairs-and-other-costs/#post-4670008 Wed, 06 Jun 2012 10:49:04 +0000 amsaini15 wrote:
Thanks Terry.     Just one last quick Question. Tenants pay the Water Usage charges of the Water Bill. If I am paying full Water Bill from LOC but getting Usage charges paid back by Tenants later, will that be still fine with ATO?

Provided the recoupments from the tenants go directly into the LOC, otherwise you contaminate the…[Read more]

]]> d26f3e0de3b8df5b6abfd4d8c9ebeeef Rob G. replied to the topic Capital gain tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406054-capital-gain-tax-2/#post-4665303 Sun, 18 Mar 2012 04:48:38 +0000 Hi Terry,Division 114 is for indexation.Cheers,Rob

]]> afdceb3a36239b690987689fd05fa174 Rob G. replied to the topic Capital gain tax in the forum Joint tenants are treated https://www.propertyinvesting.com/topic/4406054-capital-gain-tax-2/#post-4665301 Sat, 17 Mar 2012 03:51:50 +0000 Joint tenants are treated for CGT purposes as if they are tenants in common in equal shares (s.108-7).s.128-50 gives deemed transfer and cost base rules.s.115-30(1) item 7 extends the general discount deemed acquisition rules as well.Cheers,Rob

]]> 1f1389aa2c4ecf12fe49f552e37c7f68 Rob G. replied to the topic Taxation query scenario in the forum Finance https://www.propertyinvesting.com/topic/4406089-taxation-query-scenario/#post-4665492 Thu, 15 Mar 2012 21:48:05 +0000 Interest expense would form part of the cost base of a CGT asset, however the cost base is reduced to the extent that the expense is deductible.Costs of searching for a property do not form part of the cost base of a CGT asset. They are also a capital expense and therefore are not deductible.The cost of agent fees are specifically mentioned as…[Read more]

]]> 30d5fab4170cedff9e412365eef3a819 Rob G. replied to the topic Accountant recommends not to claim depreciation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405936-accountant-recommends-not-to-claim-depreciation/#post-4664223 Thu, 23 Feb 2012 09:43:08 +0000 So your Accountant does not want you to claim a dollar deduction because you will have to pay back 50c in 10-20 years time ?Cheers,Rob

]]> b0de8ee1f18290c21463066fbb7cb753 Rob G. replied to the topic PPOR CGT Implications in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405815-ppor-cgt-implications/#post-4663358 Thu, 09 Feb 2012 21:59:53 +0000 Any other property as main residence in another country ?Cheers,Rob

]]> 5f34c4833cc17bee650eac4dc12d37a1 Rob G. replied to the topic Tax for fuel in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405667-tax-for-fuel/#post-4662364 Sun, 05 Feb 2012 10:02:56 +0000 Naremburn123 wrote:
Hi guys, I've just purchased a house in Sydney's west with a granny flat. The property will be cashflow positive. The property is in my name. can I claim the cost of fuel I use driving out there for renovations, rent inspections etc?? Cheers Naremburn

" … just purchased … "" … WILL be cf+ … "Sounds like a lot of…[Read more]

]]> 4fa80cb1a61df01b05b00ad50ff67a79 Rob G. replied to the topic Possibly shonky administrator of deceased brothers estate in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405612-possibly-shonky-administrator-of-deceased-brothers-estate/#post-4661974 Mon, 16 Jan 2012 20:19:06 +0000 Assets do not have to be sold off as such.Check whether the house has been transferred to a testamentary trust as part of the will. Such a trust can operate for many years.Two things bother me:1) The property is not being rented … the trustee has a duty to maintain and invest the assets to maximise benefits for beneficiaries.2) The trustee's r…[Read more]

]]> 141fdf394bf5242b37af0c470248d44e Rob G. replied to the topic Possibly shonky administrator of deceased brothers estate in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405612-possibly-shonky-administrator-of-deceased-brothers-estate/#post-4661970 Sun, 15 Jan 2012 10:14:17 +0000 Sorry to hear of your brother's sad passing.There are many missing facts, so we could end up speculating which would not help you much.A power of attorney ceases on death.There must have been some formal will or court order to appoint an administrator.It is quite possible that the 'friend' is out of their legal depth rather than fraudulent.…[Read more]

]]> 93b0f5a8e601f723166bda091d573d6c Rob G. replied to the topic Super contribution allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405372-super-contribution-allowance/#post-4660119 Fri, 09 Dec 2011 05:28:17 +0000 Last time I looked, it was gross income – not taxable income.Only business deductions, or statutory partnership deductions (e.g. share of joint investment property deductions) allowed. Neither individual investment deductions, nor employee deductions allowed !!Better check on this one to see if anything has changed.Cheers,Rob

]]> b433b467344170afc9dfc8d0f7d7b71f Rob G. replied to the topic Negative Gearing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405299-negative-gearing-16/#post-4659621 Thu, 01 Dec 2011 07:49:35 +0000 Figc wrote:
Does this answer my question. Taken from ATO website. Expenses prior to property being available for rent. You can claim expenditure such as interest on loans, local council, water and sewage rates, land taxes and emergency services levy on land on which you have purchased to build a rental property or incurred during renovations to…[Read more]

]]> 8247df5fa08e8182fcb5c5df01d4e4e1 Rob G. replied to the topic Negative Gearing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405299-negative-gearing-16/#post-4659619 Tue, 29 Nov 2011 09:23:05 +0000 What is a 'repair', ATO TR 97/23Cheers,Rob

]]> 414be5746ccb85a3579bc0aaa560539c Rob G. replied to the topic Tax on Housing allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405230-tax-on-housing-allowance/#post-4659102 Tue, 22 Nov 2011 07:03:01 +0000 pale ale wrote:
Only myself and one other employee  have purchased our own homes

If this is your 'home' then you might not be able to access the LAFHA by definition.Cheers,Rob

]]> f6a9180a53e7632ce19e0fe82159ed8f Rob G. replied to the topic Tax on Housing allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405230-tax-on-housing-allowance/#post-4659100 Tue, 22 Nov 2011 02:26:42 +0000 pale ale wrote:
Thanks if anyone can enlighten me on the normal protocol.

It is up to you to get financial and taxation advice about the best combination of salary and benefits that your employer is prepared to offer as a salary package.The LAFHA has a number of tax benefits that your employer might pass on.However, it sounds like you chose a…[Read more]

]]> c98046921d07b714eb4dfa93873f8908 Rob G. replied to the topic purchasing the other half of tenants in common in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404755-purchasing-the-other-half-of-tenants-in-common/#post-4656085 Wed, 21 Sep 2011 12:06:15 +0000 Most likely stamp duty on acquiring your mate's share, the amount depending on your state.If joint tenants, both of you have a CGT event when the joint tenancy is severed.You may get some main residence exemption if you occupied it for some of the time.Better get some detailed advice from an accountant because joint ownership is complex for…[Read more]

]]> e965c76294b570944b9bd0da673b9838 Rob G. replied to the topic A few tax questions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404642-a-few-tax-questions/#post-4655311 Tue, 06 Sep 2011 13:03:43 +0000 AllanP wrote:
Hey all im new to the forum here so hope this is in the right section.My partner and i purchased a house in Adelaide at the start of 2010 and lived in it for 12 months while renovating it. We then moved to Brisbane and now rent the property out. We have a few questions about the tax side of things.Our accountant told us that we…[Read more]

]]> b81f037be7b5aa5418d9d1929a63499f Rob G. replied to the topic Depreciation Schedule for a PPOR to turn into an IP later in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404428-depreciation-schedule-for-a-ppor-to-turn-into-an-ip-later/#post-4653741 Thu, 11 Aug 2011 10:30:09 +0000 If the PPOR is rented for the first time, you would likely need to get a market valuation of the PPOR for CGT purposes anyway. You could get all your schedules done at that date for convenience.Cheers,Rob

]]> ab3cb9b4381b53f696b46795fed06a2b Rob G. replied to the topic Negative gearing loan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404354-negative-gearing-loan/#post-4653221 Tue, 02 Aug 2011 22:52:44 +0000 Money borrowed to pay interest on your investment loan would usually be an allowable deduction.The problem is the temporary redraw and parking with private funds (in the offset account) causes loss of traceability.e.g. $10k private funds in offset account.$10k interest payment is due. Redraw the day before and park in offset account.When you take…[Read more]

]]> a339ba9d0cafc5558ede4bb86c2bb4f5 Rob G. replied to the topic Negative gearing loan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404354-negative-gearing-loan/#post-4653211 Tue, 02 Aug 2011 11:55:15 +0000 This thread is totally confusing.Maybe some terminology is incorrect, however I still cannot see the fund flows and purpose.Maybe some hypothetical accounts & transactions as examples ?Cheers,Rob

]]> 83700f0accf147fbd73d2cad2992bfd3 Rob G. replied to the topic Rental Income for tax inclusion in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404082-rental-income-for-tax-inclusion/#post-4650878 Thu, 30 Jun 2011 22:30:24 +0000 fredo_4305 wrote:
Hi all, I am expecting my rent for the last fortnight to hit my account tonight or tomorrow morning. If it hits my account after midnight June 30 does it get included in the next financial year?

From your tenant or from your PM ?Cheers,Rob

]]> 7314433ca7b0502fc535027c8528becf Rob G. replied to the topic Superannuation- Self managed super fund last will and testament (SMSF) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404074-superannuation-self-managed-super-fund-last-will-and-testament-smsf/#post-4650825 Thu, 30 Jun 2011 03:53:21 +0000 Ishtvan051 wrote:
My main interest is for the purpose of creating a last will and testament which is equivalent to a binding nomination. If you spend some money creating a SMSF then you are able to effectively create a set of death benefit instructions in the SMSF trust deed in your will which dont have to updated every three years as in the c…[Read more]

]]> 9a4a00a871f3899ebed041874076c888 Rob G. replied to the topic Subcontracting Income through a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404015-subcontracting-income-through-a-trust/#post-4650357 Thu, 23 Jun 2011 04:04:27 +0000 Ishtvan051 wrote:
When deciding how much is relevant to employ me as a bookeeper what would be a good resource for deciding how much would be appropriate to funnel through a trust?I mean I know there are many websites outlining average salories by hour in various roles but is there an official one which is perhaps run by the government giving a…[Read more]

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