Scott No Mates replied to the topic GST Paymet in the forum Legal & Accounting 15 years ago
if the ownership of the property & business are in the same entity eg your name, Then you should be able to claim the gst inputs & offset it against the gst inclusive sale price.
Scott No Mates replied to the topic Software in the forum Help Needed! 15 years ago
you can also try Rentmaster – good programme & sophisticated. 60 day free trial
Scott No Mates replied to the topic Farm Land closing costs in the forum Finance 15 years ago
Stamp duty is dependent upon the size of the purchase ie sliding scale – you may need to check with your accountant if you can get exemptions for primary producers, registration for gst, correct structures for purchase etc.Talk to your lawyer/conveyancer as to the legal costs.
Scott No Mates replied to the topic tenancy agreement & misrepresentation in the forum Legal & Accounting 15 years ago
is the selling agent the same as the leasing agency?
Can you prove that the agent knew it was being listed for sale & the owner’s circumstances had not changed?
How long into your lease did this occur?
Scott No Mates replied to the topic Renovation Planning Software in the forum Value Adding 15 years ago
do you mean primavera, ms project etc?
Scott No Mates replied to the topic Struggling to find a property manager in the forum Help Needed! 15 years ago
you could be best served by looking @ Realestate.com.au and use find an agent or check which agents have several listings (hence either active or too busy to care).I'd possibly suggest pretti real estate, they have apparently got quite a reputation.
Scott No Mates replied to the topic GST and subdivision of common property to create new residential lots in the forum Legal & Accounting 15 years ago
It would be a new property as it would have title details different to that of the original block. You would have submitted a plan of subdivision etc to create a new (smaller) parcel of land.As for gst – isn't there some obligation/compulsion to be registered if turnover is >$75k? Otherwise you would not be able to claim back any of the gst paid…[Read more]
Scott No Mates replied to the topic Maintenance Question in the forum Help Needed! 15 years ago
Some items are valid, some a waste of time & trivial and others are a straight no.Things like toilet repairs, blinds, taps etc should be attended to asap. Removal of rubbish eg car battery, broken furniture/partition, fine. Dog house – shows that you will accept a pet dog, if you won't accept pets then remove it.You may have a very overzealous…[Read more]
Scott No Mates replied to the topic Real estate agent fees, commissions etc? in the forum Finance 15 years ago
Nsw/act are deregulated, agents charge as much as they can get away with, it varies dependent upon your market. There is no scale.
Fully licensed Agents can work commission only or work on a ‘ledger’ ie get paid a retainer but this is deducted from any commissions earned.
Scott No Mates replied to the topic Struggling to find a property manager in the forum Help Needed! 15 years ago
you might try looking @ agents further afield, eg Fairfield/Merrylands, Smithfield, Hoxton Park, Wetherill Park etc.
Scott No Mates replied to the topic Rent Out Investment Property Without Property Manager in the forum General Property 15 years ago
NSW has the info online as well, including the lease & inspection/condition report.
Scott No Mates replied to the topic Rental rates – Top 3 driving factors in the forum Help Needed! 15 years ago
Proximity to place of work, depth of pockets, necessity. ie I will pay more to live closer to work & not commute (no additional out of pocket expense). If I have a well paid job, I can afford to pay more. If I am desperate for accommodation ie need to move, I will pay more for available premises rather than being out on the street.
Scott No Mates replied to the topic Redundancy Insurance in the forum Help Needed! 15 years ago
AFAIK it is not insurable in Australia.
Scott No Mates replied to the topic SMSF Purchasing from a Member in the forum Legal & Accounting 15 years ago
Is that one of the one bedders or your two bedder?I've gotta go down there in Jan.
Scott No Mates replied to the topic GST and subdivision of common property to create new residential lots in the forum Legal & Accounting 15 years ago
The developers' prices already include the effects of gst, most likely based on the margin scheme as it would be unviable to pay GST on the entire cost of the block.With regards to the earlier post, the 'new block of land' is subject to gst & cgt. If the purchaser then develops this site, they may consider using the margin scheme when they resell…[Read more]
Scott No Mates replied to the topic Correct real estate course? in the forum Help Needed! 15 years ago
Other alternatives: NSW TAFE Cert IV (Correspondence) OTEN is only $958, self paced.REI NSW – REI offers the course over 5 daysYou will need to check if the ACT has a couple of different subjects as the law changes slightly between states and territories.Before you can work in the industry you have to be registered – eg TAFE $470 for 3 subjects.
Scott No Mates replied to the topic Correct real estate course? in the forum Help Needed! 15 years ago
I’m not sure about the ACT but the minimum requirement in NSW is the licence which requires completion of the certificate IV. Probably best completed thru tafe in conjunction with work experience @ an agency.
Scott No Mates replied to the topic Novice potential industrial property purchase in the forum Commercial Property 15 years ago
what is the fsr? Most likely 0.7:1 so your building area would be 1800m2 @ $600/m2 = $1.08m + $0.460 = $1.54m
Return $75*1800= $135k or 8.7%Scott No Mates replied to the topic Land Tax in the forum Legal & Accounting 15 years, 1 month ago
yes, it’s my ppor but I’m relocating pre-Xmas.
Scott No Mates replied to the topic How to dispose of property contents? in the forum General Property 15 years, 1 month ago
some 2nd hand furniture places will do job lots eg deceased estates etc otherwise Vinnies or Salvos will take most things.
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