Okay. Noted.
– Steve

Hi,
To answer your questions:
1. How does that work, do I get to claim that back every year?
As has been mentioned, it is the interest on the loan, rather than the loan itself, that is tax deductible. Principal repayments are not tax deductions.
2. How much would I get to claim back on $450,000 (my current income is very low only 30k)
None of the…[Read more]

Thanks Jamie, for the suggestions and the respect.
I’ll get the team to look into your log in asap.
Yes, I concur about the information access and usability. These are high priorities for us.
Again, any ideas / specifics for upgrades are very welcome.
– Steve
 
 

Yeah… I agree about the visual difficulties.
Seems unnecessary busy despite there being so much white space. That’s an easy fix though.
The bigger issue is the platform change, and that seems to be holding up well.
– Steve

Freckle,
When you go to dinner at a friend’s house, to you comment about how much you dislike the new decor?
Why not apply that genius brain of yours and come up with some constructive criticism?
I for one would like to know:
a. What specifically you don’t like; and
b. What specifically we could do to improve; and
c. What specifically would you…[Read more]

Hi,
Much of what you don’t see is where the changes have been happening as me moved from Drupal and WordPress.
The visual gives us something to work from a lot easier than before, but it is pretty raw.
Ideas for improvement are welcome.
– Steve

Don't call me "Imp"!

Perhaps a mini series… Game of Thrones style. I like it.

Yes Freckle, followed by Trillionaire, of course.

But what would come next?

– Steve

Thanks for the referral to the other post Freckle.

For my part about Mildura, pay very, very, very close attention to:

a) Job creation
b) Crop yield
c) Infrastructure projects

For my part, I would rather stick to Ballarat, Bendigo, Geelong, Albury etc. You have so much more potential investing in a hub closer to a major city.

Mildura is on the…[Read more]

Hi,

Interest is usually taxed in the hands of the person whose account it is in.

If you put it in your wife's name, she will need to include the interest in her tax return.

Terry makes a good point about thinking through the asset protection issues.

Cheers,

– Steve

Hey team,

Yes, I think his material is worth reading as Kiyoskai has single-handedly created a generation of wealthier people.

Rich Dad Poor Dad certainly helped me, although I was disappointed to find out his  'Rich Dad' was not a person but rather a collation of his mentors. I feel this  impacted his integrity.

I would note he tends to repeat…[Read more]

Hi,

Most people selling real estate lump in +GST (if applicable) because they don't know whether GST applies or not, so they are covering their backsides just in case it does.

My strong recommendation is that if you are buying / selling commercial property then always get an opinion about the applicability and implication of GST before going…[Read more]

I'm sorry… I thought they were just 'weeds'!

G'day!

Thanks for your post and welcome to the community.

You make an interesting post. Any chance you could take a photo and upload it? It is hard to get a sense of what it looks like.

In the meantime, I guess the issue is traffic flow. Do employees and visitors make it noisy and difficult to get in and out? If it is at the end of the street…[Read more]

In the words of one of my mentors (Stu Silver), look at jobs, jobs, and jobs.

People move to an area for one of two reasons:

a) Employment opportunities
b) Lifestyle reasons

It's hard to see the Sunshine Coast property outperforming while the AUD remains high, since so much of the economy their is driven by tourism. Take a look at this…[Read more]

Nigel,

Why would interest on an Aus loan or LOC used to acquire foreign property not be deductible?

I would have thought so long as the funds were used to acquire a property that has the expectation of generating taxable income then it would be okay.

Otherwise, my addition to the conversation is to warn of the FX gains and losses that will…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]

Freckle,

Thank you for the chance to flesh out a beneficial conversation.

I think it is important that you disclose your name, your qualifications, and your investing experience as these are important considerations for those reading your posts.

For my part I am a chartered accountant, with a Bach Business in Accounting and a Diploma of…[Read more]