PropertyInvesting.com | songrad | Activity https://www.propertyinvesting.com/members/songrad/activity/ Activity feed for songrad. Mon, 06 Apr 2026 11:59:12 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c72396ff30fef417feee5e0b1a834bd7 songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676928 Sun, 16 Sep 2012 10:17:45 +0000 Also guys, regarding claiming of deductions. On settlement (Sept 2012), i pre-paid the council rates and also part of the strata levy. Can i still claim these (for the 2012-2013 yr) considering i wont have the receipts for them or would it still count because i've just simply prepaid it on settlement? ta

]]> 80f9a5323a8ea1b77e24b3421b7b65ae songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676926 Sun, 16 Sep 2012 10:03:47 +0000 coolz thanks Qlds007

]]> c47153e7c494d16ff95221c4542366c1 songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676924 Sat, 15 Sep 2012 10:52:55 +0000 Thanks Derek for the info, I have contacted a company for a quote regarding the depreciation report and also booked an appointment to see an accountant about the whole thing. Should I do the variation through the accountant you think? Or it can be something I can do myself?

Thanks

]]> 8c13a13414a1d91f1fff05f559fde64a songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676920 Fri, 14 Sep 2012 09:07:41 +0000 Yea one of the tennants didn't have any documents, just an age card (no licence) which i found odd as he was
in his mid 20s.

Qlds007, i am employed and is PAYG. I have just settled this property 2 weeks ago, and have already lodged my tax return for last year. Should i still do a tax variation?

]]> 22738d597cd4218908888bdd173431be songrad replied to the topic structure of 2 loans in the forum Finance https://www.propertyinvesting.com/topic/4407616-structure-of-2-loans/#post-4677389 Fri, 14 Sep 2012 08:41:54 +0000 thanks everyone very insightful

]]> 002a58c5a6bbd0a2026d11b51acb2839 songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676917 Fri, 14 Sep 2012 04:04:51 +0000 Thanks everyone for your comments.

After trying to rent it out privately, and getting a few weird and dodgy applicants, i've decided to let  a REA manage it.
It was a lot more worrying after meeting the prospective tennants!

]]> 13bd2f71b875d2c2544d1546e1d5eb54 songrad replied to the topic structure of 2 loans in the forum Finance https://www.propertyinvesting.com/topic/4407616-structure-of-2-loans/#post-4677385 Fri, 14 Sep 2012 03:59:15 +0000 TheFinanceShop wrote:
G'Day,

Not entirely true re the valuation. If you have extensively renovated your property within a 2-3 month period then by all means you can re-value your property. I have done this with 2 of my own properties. I renovated and re-did a valuation within 3 months and got the increase. You do need to justify the…[Read more]

]]> d7441d206a1bb4f041d439289276ddf1 songrad replied to the topic structure of 2 loans in the forum Finance https://www.propertyinvesting.com/topic/4407616-structure-of-2-loans/#post-4677384 Fri, 14 Sep 2012 03:57:52 +0000 PLC wrote:
As Terry mentioned, you could have definitely structured your loans differently to be more tax effective.

The IP loan should be IO, and the deposit shouldn't have been so high. At worst case if you wanted to put 20% deposit on the IP and didn't want to pay LMI, you should have paid it into the first home loan (assuming it is a PPOR),…[Read more]

]]> 812895d1b2f0ef28edb6f3ad61320419 songrad replied to the topic structure of 2 loans in the forum Finance https://www.propertyinvesting.com/topic/4407616-structure-of-2-loans/#post-4677383 Fri, 14 Sep 2012 03:51:04 +0000 Terryw wrote:
You could have structured things more tax effective. Are you living in the first home?

yes Terry, i am living in the first home. It is my PPOR.

]]> 7c4c78595a4e298220464671a060d51d songrad replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/5/#post-4652619 Thu, 13 Sep 2012 12:22:54 +0000 Qlds007, can you please send me a copy as well? ta

jktd8888@yahoo.com.au

]]> 07ebeebb4b386ea769b1f66b5ffb1111 songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676914 Wed, 05 Sep 2012 11:00:46 +0000 If i get the depreciation report done now, will i have to get it done again next year just before i do next year's tax return? I guess it will have to be a yearly thing?

]]> af2ae9caec2fe89bd41c5d23000e688f songrad replied to the topic how to prepare investment property for next year's return in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407542-how-to-prepare-investment-property-for-next-years-return/#post-4676912 Wed, 05 Sep 2012 10:35:20 +0000 thanks insanowayno for your advice. the depreciation schedule is still a bit confusing. i'll ask an accountant about that.

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