PropertyInvesting.com | tanner892 | Activity https://www.propertyinvesting.com/members/tanner892/activity/ Activity feed for tanner892. Wed, 15 Apr 2026 06:13:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f902b3ddfdfac0ed2ce3bdd0cdd44f2b tanner892 replied to the topic Please help, unethical real estate agent in the forum Help Needed! https://www.propertyinvesting.com/topic/5033053-please-help-unethical-real-estate-agent/#post-5033090 Mon, 20 Feb 2017 01:29:51 +0000 Thanks Terry, in contrast to my original post i need to make a slight change, actually they have been told that the sellar has signed the contract, the agent has told them this verbally but they havent actually seen a copy due to ‘issues with dates’ or some technical excuse given.

So i will rewrite my original question, if they have a SIGNED…[Read more]

]]> a441e238a3385020595e94c1dec3e9e3 tanner892 started the topic Please help, unethical real estate agent in the forum Help Needed! https://www.propertyinvesting.com/topic/5033053-please-help-unethical-real-estate-agent/ Sat, 18 Feb 2017 10:26:34 +0000 Hi everyone looking for some opinions

We have a friend trying to purchase a property who has made an offer, signed a contract at the start of the week and a small deposit, they were told that the buyer accepted the intial offer and the agent is taking it to them for signing.

-they have not heard back from the agent for days/contract not signed…[Read more]

]]> 4262aa623ffe94557c2a0ac2ca0ee6a2 tanner892 replied to the topic List of allowable investment property tax deductions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5031009-list-of-allowable-investment-property-tax-deductions/#post-5031011 Fri, 04 Nov 2016 02:48:22 +0000 https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/Rental-properties-2016.pdf

Rental property guide from the ATO website, dont forget to get yourself a depreciation report aswell.

]]> 945f7a4fef643c84354ff6b0b20a07cb tanner892 replied to the topic Company's and Trusts in the forum Help Needed! https://www.propertyinvesting.com/topic/5028180-companys-and-trusts/#post-5028194 Thu, 07 Jul 2016 03:45:46 +0000 Yes but the specifics/provisions to do so should be set out in the Deed, it could also be a big administrative hassle as all assets will need to be re-registered in the name of the new trustee, it would be highly recommended to have the company already set up as trustee before undertaking any activity

]]> 5605a5ba86183718166c32689ab9902b tanner892 replied to the topic Sale of house in the UK and implications for CGT in Australia in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5022673-sale-of-house-in-the-uk-and-implications-for-cgt-in-australia/#post-5023492 Tue, 05 Apr 2016 04:31:54 +0000 You will absolutely need to disclose the the sale in your tax return, you have realised the sale of a CGT asset, a gain/loss position is irrelevant.

]]> 4d009140beaea95259a588013b09f9a3 tanner892 replied to the topic Property Investing using a company in the forum Help Needed! https://www.propertyinvesting.com/topic/5010428-property-investing-using-a-company/#post-5010434 Wed, 15 Jul 2015 23:40:35 +0000 Well it depends on the nature of your operations, but the first point of order is that company’s do not receive the 50% CGT discount, so for a long term property investor it would not be advisable.

]]> 94b889fa3c63ea415268f89b4f397e3d tanner892 replied to the topic Gift or Loan from Parents in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5010114-gift-or-loan-from-parents/#post-5010124 Mon, 06 Jul 2015 03:29:53 +0000 I don’t understand why you think this would be taxable?

]]> 9340fe9c715e048ff556add59ef4b3e2 tanner892 replied to the topic Use of SMSF to buy Property outright in the forum General Property https://www.propertyinvesting.com/topic/5008859-use-of-smsf-to-buy-property-outright/#post-5008907 Fri, 19 Jun 2015 05:17:48 +0000 To be frank, I wouldn’t be going into an SMSF unless you are very comfortable with the superannuation laws, your obligations and generating your own returns.

Look for another financial advisor.

]]> cd882ccc4e35cf4e2bf677e9370d0507 tanner892 replied to the topic Capital Gains/Loss Calculation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008771-capital-gainsloss-calculation/#post-5008772 Tue, 16 Jun 2015 03:19:11 +0000 Yes that’s exactly what you can do, so for example; if you buy a house for for $300k and sell for $200k you will have a carry forward capital loss of $100k. Now in the future if you buy another house for let’s say $400k and sell it later on for $600k (and owned it for over 12 months) You would have a Net Capital Gain of $50k (600k – 400k – 100k…[Read more]

]]> be812f2e96cdcd55d068b067d6bcbb1a tanner892 replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008736-claiming-out-of-pocket-expenses-for-building-an-investment-property/#post-5008740 Mon, 15 Jun 2015 06:48:07 +0000 Well I’m not sure exactly what you mean by ‘site cost’ but the short answer is no, the site costs will be added to the cost base of your property. Any costs associated with constructing a capital asset are capital costs, and form the cost base.

]]> a8f1a5974f516464598b625c4a5fb346 tanner892 replied to the topic Depreciation on Sale of Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008688-depreciation-on-sale-of-investment-property/#post-5008739 Mon, 15 Jun 2015 06:45:27 +0000 There will not be any claim, the remaining items are deducted from the sale price of the house upon sale, and the items are ‘disposed’ of in your tax return at their written down value.

]]> 24a3f46a1c54e7a572f1e3cbbfd550c3 tanner892 replied to the topic Using SMSF to invest in US Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/5008615-using-smsf-to-invest-in-us-property/#post-5008616 Thu, 11 Jun 2015 22:42:37 +0000 I dont see why not, certainly from an Australian perspective. The only possible issue I can see is with regards to tax laws in the United States, how is it taxed over there? Can foreign entities own property in the U.S?

Certainly an interesting question,I would be interested to see what others have to say on this.

]]> 20b4a83abfc41b1504f74d6205e4e600 tanner892 replied to the topic Using SMSF to invest in US Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/5008615-using-smsf-to-invest-in-us-property/#post-5008616 Thu, 11 Jun 2015 22:42:37 +0000 I dont see why not, certainly from an Australian perspective. The only possible issue I can see is with regards to tax laws in the United States, how is it taxed over there? Can foreign entities own property in the U.S?

Certainly an interesting quesrtion,I would be interested to see what others have to say on this.

]]> c6ecf282c07c99fffe5265c65e0b3fdd tanner892 replied to the topic Capital gains/general investing strategy questions in the forum Help Needed! https://www.propertyinvesting.com/topic/5008185-capital-gainsgeneral-investing-strategy-questions/#post-5008583 Thu, 11 Jun 2015 04:39:04 +0000 I think you would be in trouble under strategy 1 when it comes to the main residence exemption, as it looks to me like purely being a profit making scheme.

Strategy 2 – you will still need to ‘move in’ to the property first just making that clear, there are no hard and fast rules regarding how long and the necessary evidence required, the post…[Read more]

]]> 6e8e1858054987d3e5295ad0800d66b7 tanner892 replied to the topic Trust vs own name in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4998149-trust-vs-own-name/#post-4998176 Wed, 07 Jan 2015 01:16:48 +0000 Surely you wouldn’t want to hold property in a Trust if they are negatively geared ?

]]> f35c22d36a224f451e6d61eb4b97cc56 tanner892 replied to the topic Capital gain tax on new unit sales in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4997735-capital-gain-tax-on-new-unit-sales/#post-4997820 Mon, 22 Dec 2014 07:19:27 +0000 Yep watch out for this, subdivision can give rise to GST as its seen as a commercial transaction, and I can’t see how you would receive the 50% discount either.

]]> 33e694d5b9eb82e97b283d7b21411753 tanner892 replied to the topic Is new Lawn (grass) tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997726-is-new-lawn-grass-tax-deductible/#post-4997819 Mon, 22 Dec 2014 07:17:01 +0000 Yes it can be deducted, but only as Capital works at 2.5% as it forms part of the land and will be added back to the selling price upon sale.

In my experience ‘repairing’ of lawn doesnt occur, I’ve only ever seen people laying new lawn, and so as a new item that forms part of the land it will be depreciated at 2.5% and added back on sale, I…[Read more]

]]> 8259b2c38b308f88a9ad36e0de236a22 tanner892 replied to the topic Main Residence Exemption in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409865-main-residence-exemption/#post-4694035 Mon, 16 Sep 2013 06:28:12 +0000 Terryw wrote:
Do you own your parent's property?

Exactly, they own it not you (i would presume) it's their PPOR not yours.

The exemption would apply.

]]> e5eff69f76c305c214706dc0f7b0e111 tanner892 replied to the topic please help me determine CGT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409937-please-help-me-determine-cgt/#post-4694324 Mon, 16 Sep 2013 06:25:51 +0000 No your cost base is 200k

and CGT will be apportioned between the time it was rented and lived in, basically if you rented it 25% of the time and lived in it 75% of the time, then only 25% of the CGT  should be assessable.

You have to ask yourself if what you are doing is worth it if you are wanting to sell it in the short-term anyway. You can…[Read more]

]]> 097f053560aec63b182932cc9b7f198d tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691885 Mon, 17 Jun 2013 06:41:55 +0000 Well everything you say is why I was originally interested, I live here and am well aware of everything that is happening construction wise, there is ALOT of overhauling and new infrastructure being built, the abundance of apartments is definitely an issue but in terms of houses I'm not sure where the market is at.

Brisbane, I like it, but nearly…[Read more]

]]> ba929c8514b710988f0e508dd185baf7 tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691878 Tue, 04 Jun 2013 23:30:45 +0000 Yeah I've heard good things about occupancy there near UQ and it has great infrastructure and transport in the area, I think there was some flooding there but nothing significant? I wasn't actually in Qld during the floods so I'm unaware of where and how bad certain areas were affected but doing plenty of research! it seems like alot of southern…[Read more]

]]> be3dc1ebbadfa55dfda72d2549552cc8 tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691879 Tue, 04 Jun 2013 23:28:18 +0000 Yeah that's some good advice, in my opinion it seems like they are undervalued in alot of suburbs primarily due to them being situated in flood zones, I doubt you can even get insurance in these places.

My only question is if buying near Universities where its very possible to have tenants primariy of Uni students, are things like garages or…[Read more]

]]> 68e263ff9ea2a63f6062e0d41b087a80 tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691875 Tue, 04 Jun 2013 10:17:12 +0000 Hey thanks for your input, yeah well the whole place isn't a disaster zone I will just need to make sure I've done plenty of flood research before ever committing to a buy, Chapel Hill is west Brisbane isnt it? that isnt for from Toowong I believe? Which is somewhere I was looking at that seems to have a good supply of tenants bringing in great…[Read more]

]]> 2c29a062901a23d5a4c955106beee1b3 tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691872 Mon, 03 Jun 2013 13:30:42 +0000 It has really taken a hit the last few years that's for sure, for a first time investor like myself with limited experience the ability to buy cheap property that's positively geared is enticing on a low income, but nonetheless not overly useful if theres no CG or prices become even more deflated…

Does anyone ahve any thoughts on apartments in…[Read more]

]]> 45733314caf92ca0aaebd40c674feb5a tanner892 replied to the topic Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4409480-gold-coast-6/#post-4691871 Mon, 03 Jun 2013 13:22:36 +0000 Jason957 wrote:
Hello,

Firstly – I am not a investor yet but just something that came to mind, maybe with the Australian dolloar lower is there a chance it could boost tourism in the Gold Coast  influencing capital growth. ?

Jason

That's a good point, however not sure of the impacts of long term capital growth, its possible it may…[Read more]

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