Any work that you do to the property before you have leased it out for the first time must be capitalised ie added to your purchase cost base – this work is then depreciated not an instant tax deduction. Take the do nothing scenario, lease it out at the higher value for 6 months and if the new tenant decided to vacate carry out works at that time…[Read more]

Sounds all too good to be true Jim. 8800 + 7600 = 16400 m2, allowing 35% for roadways, footpaths, services etc it will leave you approx 10,660 m2 of useable land for the combined blocks (or 21 x 500 m2 avg blocks).There are quite a few good town planners, surveyors & consultants in the market to get the maximum number of lots or maximum value out…[Read more]

A tenant will very rarely be liable for the lessor’s management fee – why should they pay for your decision to have a property externally managed?

You will still be up for your building insurance & public liability (tenant pays plate glass and contents).

Tenant also is liable for consumption of water (not the sewer connection/standing charge),…[Read more]

Dazzling,

A couple of other areas that you haven’t listed include Property Syndicates and Unlisted Property Trusts as well as partnerships or joint ventures.

UCV bears (almost) absolutely no relation to the selling price of land. It is a system used by State and Local Governments for the rating value of property ie what they basis of council rates.

UCV is a statistical determination method of establishing land values having taken into account all sales in an area then adjusting (theoretically) for the…[Read more]