kay henry,

I have not checked out the deal at all and so i can not give you any of that information unless i talk to the agent. If you or anybody is interested i can email or pm the website.

Monopoly i was interested why it was necessary to be over or under 21 years.My apologies for confusion.
Dom[biggrin]

Yack,
If you want it you can have it nocharge no catch.Just PM me. This is not a deal it is not my property and i am not familiar with the area.
And obviously its not in a major city.
Dom [biggrin]

melbear,
Its 21, does that count?
Dom[biggrin]

g7,
Unfortunatly i dont know anything about the flip structure .So i would probably hold for positive cashflow.
Dom[biggrin]

Thanks for your imput guys.
Good to see different opinions.
Westan can’t argue to much with your answer except that on the interest rate issue i locked some of my ips at 6.19% for 5 years 6 months ago and now it is at 7.19% so if that trend continues by the end of the year it will have risen buy 2% or more so someone has to pay?

Yes the Greenspan…[Read more]

These guys dont give up they keep phoning you to see what you want to sell. They offer the top price you are selling the property and it is 80% cash and 20% barter points,
dom[biggrin]

Thanks monopoly,
Thats where i am heading off now to sign contract. Thats good news for me as i have a other property for sale at auction in july.

Dom[biggrin]

Hi Monopoply,
So you are saying that i dont have to lodge my tax return for 2003/2004 until April 2005?

And so the actual signing of contract by both parties is when that finacial year is applicable for CGT?(2003/2004)

Thanks Dom[biggrin]

Thanks Mel,

For me to be able to get to this point has been the ride of a lifetime financially.Who would have thought two years ago that i would be in this position to own my home that quickly.Mel i will only need to sell two propertys to pay my PPOR and have cash left over. And that is what i will do and i am not to concerned about the CGT.I…[Read more]

I dont beleive the market is either up or down because it depends where you are selling or investing. Queensland north is still catching the wave and so is WA.

So you would not buy in sydney or melbourne now.But then again.
Dom[biggrin]

Y,

I am in the same dilema but i will pay my house of then sell or upgrade and wait and look for the bargains with the rest of the cash. Its difficult but it would be best to wait and see.

Dom

The Mortgage Adviser,
Do you need to form a trust in order to pay the 30% tax.

For instance if you and your wife both earned $710000 each would this still be possible whithout a trust?
Dom

The question was how was he murdered?
The answer is he was shot to death?

Dom

You hve certainly gone out of your way to help me.

WELL DONE
Dom[specool]

He hung the hat on the end of his gun?
Dom

Sorry i will try and make this simple my wage is 40k gross my wifes is 30k gross thats it.

For the rental income for three ips 12k each total 36k per year.
Hope this helps .

Daerek are you saying the difference between selling them in one year or selling them in three year staggered lots is only 10kfor each of us ?

Dom[biggrin]

As Rob indicated you didn’t tell us whether or not your annual incomes $40K & $30K were wage/salary only or were gross taxable incomes inclusive of net rent.

Sorry they are wages, which i pressume is gross taxable inncome.
Dom

Thanks Derek great summary It is 50/50 partership and the $210,000 is the net profit after selling (more or Less).
Just one question what do you mean if rental income is included , because the 3 ips are all slightly negatively geared. I pay extra tax at my 9 to 5 job , $250 a month to be precise.

So roughly on second sceniro $30360 + $25660 =…[Read more]

Monopoly,

You assumed right they are all in joint names(my wife and I) and how does the 5% – 95% tax deduction work?

Derek how could you do this ”
“If Dom had other investment loans, and he paid interest in advance on these loans, Wouldn’t this reduce any profit on investment and offset some of the capital gain? ”

Could you please give an e…[Read more]

Monopoly,

Thanks for the link but i am not sure how to use it.

How much did you earn (if you dont mind me asking) to pay such a large tax bill?
This might give me some indication.
Thanks Dom