Forum Replies Created
Also…
I went to the site at work & was very embarressed when the clip started playing! [
]Sprung!
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
According to the ATO website (http://www.ato.gov.au/individuals/content.asp?doc=/content/20427.htm&pc=001/002/026/003&mnu=1051&mfp=001/002&st=&cy=1), the following are exempt from capital gains tax –
Exemptions and exceptions
Generally speaking, you disregard a capital gain or capital loss on:- an asset you acquired before 20 September 1985
- cars, motorcycles and similar vehicles
- compensation you received for personal injury
- disposing of your main residence. This can change depending on how you came to own the residence, whether it is on more than 2 hectares of land and what you have done with it—for example, if you have rented it out, you may be liable to some tax when you sell it
- a collectable—for example, an antique or jewellery—if you acquired it for $500 or less
- a personal use asset—for example, items such as boats, furniture, electrical goods and household items used or kept mainly for personal use or enjoyment—if you acquired it for $10,000 or less. You also disregard any capital loss you make from a personal use asset, irrespective of the cost
- the exchange of shares and units you own in a company or trust that is taken over if certain conditions are met
- shares in a company or interests in a trust where there has been a demerger and certain conditions have been met, or
- disposing of an asset to which the small business 15-year exemption applies. There are a range of concessions that allow you to disregard part or all of a capital gain made from an active asset you use in your small business. For more information see Guide to capital gains tax concessions for small business (NAT 8384-5.2003).
I’m sure that whether you are a FHO or not is irrelevant.
Regards,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Hi,
I’d just like to add that I find the recent addition of what appears to be “automated linking” (to other areas of the site) to be annoying. Also, the linking is often inappropriate with the content of the message being posted.
Regards,
Suzanne“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I’m from NSW & love the wrap kit.
I recently wrapped a property in Qld & found it extremely useful. I didn’t use the supplied contract, leaving the contract to my solicitor.
The advice and templates are invaluable.
Cheers,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Hi Pat,
In case you are confused by some answers you may get – this forum is mainly Australian based, not US.
Regards,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I recently heard Keith speak & found him awesome.
He was insightful & in the short time I listened I learnt alot.
Highly recommended.
Cheers,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I figured it was the closest thing that looked like me – blonde & kinda funny looking with a constantly puzzled expression.
[blink]
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I agree with Aussie – I think there is still a push for men to enter the more “educational” professions in the hope of a better salary. I’m thinking in particular of the computer industry. My son is doing his HSC this year & he & most of his friends just want to work in computing.
I think the downside to qualified tradesmen putting up their costs is that it will drive many people to DIY which may be a good or bad thing but I suspect alot of the work will be poorly done & very shoddy.
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Sounds very similar to Victor Ollis to me.
https://www.propertyinvesting.com/forum/topic/6635.html
[thumbsdownanim
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I saw Jenman confront Allen on the TV last night.
Personally I thought it made Jenman look like a fool.
I have read Allens book “Multiple Income Streams” & found it quite interesting.
[worried]
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Here is some websites on scams…
http://www.scamwatch.gov.au/content/scams/scams.asp
http://www.snopes.com/ (Has pop-up advertising but makes interesting reading)
http://urbanlegends.about.com/library/blhoax.htm
Cheers,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
What an interesting resource – thanks Kay.
I’m going to see John Burley. I figure there isn’t much else to do on a Monday night & I’m getting tired of Friends repeats!
[biggrin]
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Originally posted by diclem:Don’t marry one!
Then you’ll have no chance of getting your plumbing done.The solution is to get a divorce.
My ex is a sparkie & always turns up on time & I get discount rates too!
[biggrin]
Shushar
Tip
Never trust what the developer is telling you when you are buying off the plan!Tip
Get any agreements/promises in writingShushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Just curious & to be the devil’s advocate…
My understanding is that most banks required a director’s guarantee as security when lending money.
How does a trust protect you if you have given a personal guarantee?
Shushar
Originally posted by Chan$:Shushar,
You can get a temporary tattoos just to model your wedding dress…LoLAh yes – but what I really need is a burley guy!
LOL
Shushar
Originally posted by lozza123:Hi Acey,
Well, I’ve been pretty big on goals lately…. I can especially recommend the Zig Ziglar tape set called “Goals”… it is very entertaining as well as explaining why you must have goals.
Also I bought some Brian Tracy books… I can recommend “Eat that Frog”, which helps you get over procrastination. Currently I am using Brian Tracy’s “Maximum Achievement Goal Planner”, which basically helps you to identify what your goals might be (this was the hard part for me!)
When you’ve worked out your three major goals, you then fill in a page each day, listing what you plan to do.One thing I can suggest, is to at least have a couple of things on your “list” to do every day. At least if you do SOMETHING toward your goals every day, you’ll feel great because you know you’re always heading in the right direction.
One of my goals is to retire from work by the end of next year (I’m 35 now). Wish me luck!!
Cheers,
Lozza [biggrin]
Wow – that is quite a goal. I do wish you every success.
I’m currently working through John R. Burnley’s book – “Money Secrets of the Rich” which I’m finding very inspirational. The scary part is discovering that the repayments on all my loans exceed my income. Now I just need a Plan B.
[smiling]
Shushar
In my even more inexperienced days, my tenants proposed painting the interior of the house in exchange for 4 weeks rent. I supplied the paint.
Long story short – the house didn’t get painted and I ended up going to the Rental Bond Board to claim their bond to reimburse me for the lost rent.
Personally, I don’t think it is worth it. It is better to either do it yourself or get a professional. Don’t forget that the cost may be tax deductible.
Cheers,
Suzanne
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
[smiling]
Shushar
I think the interest rates will stay put.
Illogical reasons:
1) Getting close to a federal election
2) State Government has added new “disincentives” for property investing, so can the NSW property market cope with anymore?Cheers,
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
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