Hi Sonny, it will come down to what is in your lease (obviously, there are many variables there again). Is it a retail lease – if so, then there are remedies available for retail lessors/tenants including mediation. If it is a commercial/industrial lease, there is no such mandated process like mediation, your only remedy will be to take legal…[Read more]

If it's not too hard, just ring the ATO, ask for someone who deals with capital gains tax and they will give the the information that you need without you needing to disclose all of your details.

I too would go masonite – it has been used forever & a day. Cheap as chips. If you are still concerned after laying masonite, then use a little self levelling compound but it shouldn't really be necessary. You will need to prime the masonite to get the floor leveller to bond.You can get thin insulation to go with the floating floor, this would be…[Read more]

Spot on ip & br. There’s more to life than property but the property is there to give us that life.

you can do whatever you like with the mortgages. Unfortunately, it will remain non-deductible as the purpose of the loan has not changed.

Can you explain it to me like I was a 5 year old?

You would lose on stamp duty/transfer, capital gains tax, land tax threshold etc to save some tax?

You will need to prove to the bank it is worth $600k

try bmt QS

no probs fword, I could send you in the right direction for Sydney but can’t do much for Melbourne.

I had heard of some good bargains in Az today. Client heading back to live & has picked up a steal @ way less than replacement cost & in a good area.

PS where do you board in Az?

if it is on common property, then it will always be at risk unless you have exclusive use ie it does not pose any risk to BC or other owners, you can’t insure it unless it is ‘yours’ & BC don’t want the risk.

this is old news, see previous posts.

buying costs: solicitors/Conveyancer, stamp duty on mortgage, mortgage registration, loan application costs, bank valuation, mortgage insurance, buyer’s agent fees, pest/building inspections

Selling costs: survey, S149, solicitors/Conveyancer, mortgage discharge fees, loan break fee.

Do you have a realistic budget for construction, subdivision & council s94? Does it still stack up after gst is borne in the deal?

Which state & city fword?

has there been a special resolution granting exclusive use to your unit? Can you make the appropriate approach to body corporate?

if the company is going to provide services worth >$75k then you’ll need to register. You cannot collect gst (issue a valid tax invoice) without being gst registered.

1 you’d be in breach of the residential tenancies act by not having lodged the bond with the bond board
2 you would be bound to comply with all of the requirements of the act

Not sure of the penalties or remedies available but it would be controlled by fair trading or vcat.

a recent sale of several ex-hc houses resulted in massive gains for the purchasers.

watch out for tin termites. Much bigger teeth.

yes, there are cf+ properties around, usually in country areas. The bad news is that they probably won’t produce any capital growth. The tenant may not want to buy, doesn’t have the deposit etc.