PropertyInvesting.com | sml | Activity https://www.propertyinvesting.com/members/sml/activity/ Activity feed for sml. Sat, 18 Apr 2026 11:32:19 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f921831c1b084870f5081f2fb7cf247c sml replied to the topic Purchaser Pulling Out with Dodgy Clause in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406927-purchaser-pulling-out-with-dodgy-clause/#post-4672354 Thu, 21 Jun 2012 12:59:21 +0000 i still think we’re in the position of both the vendor and purchaser needing to reach agreement as to whether the valuation is reasonable.

does anyone have any experience with land valuations … what are some rough ball parks? … +/-10% …. +/-20% … -5%/+15%?

]]> 1d4065cfda23d33fb6f505e0bcaedcc2 sml replied to the topic Purchaser Pulling Out with Dodgy Clause in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406927-purchaser-pulling-out-with-dodgy-clause/#post-4672352 Thu, 21 Jun 2012 12:50:29 +0000 i actually have a law degree … it was obviously vague and dodgy, i just didnt want to push away the buyer going back to them with a redraft of the contract.

legal advice prior to entering the contract wasn’t the issue … managing the deal & negotiation with contract redrafts was the concern.

]]> b3f63bb12bbab81510e614f1c2664686 sml replied to the topic Purchaser Pulling Out with Dodgy Clause in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406927-purchaser-pulling-out-with-dodgy-clause/#post-4672350 Thu, 21 Jun 2012 12:12:39 +0000 hi gibbo :)

It was a super quick settlement, so i didnt think i had too much to loose … in fact, i haven’t really lost anything except the potential for that person to buy the land .. perhaps if i pushed back requiring a re-draft, then they still would have signed-up and the deal could have been locked in … i think you’re right.. lesson learnt…[Read more]

]]> 82403336508776c63f03dc7b2b8751f6 sml replied to the topic GST for Sole Trader & Company/Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403002-gst-for-sole-trader-companytrust/#post-4643428 Sun, 13 Mar 2011 03:55:17 +0000 Is there any limit to the number of under $1000 transactions that may be imported duty & tax free?

]]> 70993ebff2d098e3cba9330fde26f8db sml replied to the topic GST for Sole Trader & Company/Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403002-gst-for-sole-trader-companytrust/#post-4643425 Wed, 09 Mar 2011 02:12:53 +0000 Thanks for the tips.Do you know any good accountants in Adelaide to help sort out this mess?

]]> 4011eff9532eadce0d63c67c091f8478 sml replied to the topic GST for Sole Trader & Company/Trust in the forum Hi Rob, I am buying my stock https://www.propertyinvesting.com/topic/4403002-gst-for-sole-trader-companytrust/#post-4643423 Tue, 08 Mar 2011 22:47:31 +0000 Hi Rob,I am buying my stock from overseas so there is no GST included in my purchase costs.I have just changed from a sole trader to a discretionary trust. Any chance my $75k threshold would be refreshed with the transition?Is there some sort of annual threshold with GST? If my sales were $85k for the past 12 mths but for the 10/11 financial…[Read more]

]]> d940e2aad0df49a962d89d08f698dbfe sml replied to the topic GST for Sole Trader & Company/Trust in the forum Hi James, a) The bulk of my https://www.propertyinvesting.com/topic/4403002-gst-for-sole-trader-companytrust/#post-4643421 Tue, 08 Mar 2011 20:44:07 +0000 Hi James,

a) The bulk of my costs (COGS) are GST free so I cannot claim any COGS GST component.

b) I cannot simply increase the price to charge the extra 10% as my sales will drop significantly.

c) I sell items for about $300 with about $100 profit per item. So approximately …. less tax it is about $70, then if I lose another 10% for GST, the…[Read more]

]]> 25fa3a8d243533fb484841adcf6560f4 sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642948 Mon, 07 Mar 2011 23:47:39 +0000 Anthony K wrote:
Hi Anthony K,Definately no backdating . . .  ever,

Now I'm confused … i thought you said in your previous post that I could backdate the previous few months of trading to transfer it under the trust as per your previous comments below …QUOTE " First you appear to have begun trading in the current tax year ? If yes you can…[Read more]

]]> 66fc060ca0b4f6607ad02f0e59fa05f9 sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642946 Mon, 07 Mar 2011 22:31:19 +0000 I created the trust yesterday and specified the start date as 7 march 10 – although I created it online and dont think it has been processed yet.Should I have back-dated the trust creation date to earlier in the year in order to cover my trading period that was previously carried out under the company?

]]> 9c94ae062ef8e7490ce64434786fa00c sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642941 Thu, 03 Mar 2011 11:45:03 +0000 Thanks Terryw.

Do you have any recommendations for advice in Adelaide?

]]> 482a1980b06baed0226bc982ccd80765 sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642939 Thu, 03 Mar 2011 11:33:08 +0000 I definitely do!

Oh no .. am I really on the wrong track?

]]> 7c11235114a0387f2b151fa70d853679 sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642937 Thu, 03 Mar 2011 11:27:56 +0000 Thanks :) … So from what I understand ..

a) I create the discretionary trust with the trustee being my pty ltd company
b) to convert the pty ltd to a non-trading trustee company, i just submit a tax return ticking the box that states the company will no longer submit future tax returns, or submit a non-lodgment form.
c) then start trading in the…[Read more]

]]> 1c5c30f6bea0707884891c11e9ef76c6 sml replied to the topic Creating a Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402927-creating-a-discretionary-trust/#post-4642935 Wed, 02 Mar 2011 10:47:40 +0000 thank you for the advice :)

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