PropertyInvesting.com | Taxman | Activity https://www.propertyinvesting.com/members/taxman/activity/ Activity feed for Taxman. Fri, 17 Apr 2026 19:42:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3711f74aa532e10d38a47817e414b446 Taxman replied to the topic Paying tax is for suckers in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368434-paying-tax-is-for-suckers/#post-4431830 Sat, 04 Oct 2003 03:55:56 +0000 Top post Jim.

The best I have seen so far.

Just one thing I want to add, if anyone has a self managed super fund, the Telstra buy back is ideal. Free capital loss plus refund of excess imputation credits as the fund is taxed at 15%.

My super fund will be selling it’s shares as part of the buyback.

Cheers

John
tax@q-net.net.au

]]> ef81c6b44af27b1303e0b1eb0fa968c7 Taxman replied to the topic Self Managed Super Fun in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368431-self-managed-super-fun/#post-4431800 Sat, 04 Oct 2003 00:36:39 +0000 Ok Steve, but if the entity in CONTROL of the unit trust is deemed to be a related party of a member of the fund, you will breach the rules.

I would not want a non related party in control of my unit trust.

Cheers

John
tax@q-net.net.au

]]> 1146dc274449eb8b1e738949ddc6e3f7 Taxman replied to the topic Self Managed Super Fun in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368431-self-managed-super-fun/#post-4431797 Fri, 03 Oct 2003 09:31:05 +0000 Hi All

Be careful with Self Managed Super Funds.

Steve suggested using a unit trust for the superfund to invest in, then the unit trust can borrow to fund investments.

This is not correct. New rules were introduced to stop superfunds doing this. Sure Steve may have a unit trust setup before the new rules, therefore they don not apply to…[Read more]

]]> 35d6736f02835c50718f9ccb22027288 Taxman replied to the topic Renting v Owning PPOR in the forum General Property https://www.propertyinvesting.com/topic/4368433-renting-v-owning-ppor/#post-4431811 Fri, 03 Oct 2003 02:48:09 +0000 Hi Luckyone

The legislation regarding PPOR cleary states you must live in the house before renting it out. It doesn’t specify a time frame that you need to stay in it.

If you own more then one property, you can choose which one is your primary place of residence, however I suggest you would need to have lived in it first.

Once you have lived…[Read more]

]]> dc5f0ae55cfa1659f3244de08326193b Taxman replied to the topic Renting v Owning PPOR in the forum General Property https://www.propertyinvesting.com/topic/4368433-renting-v-owning-ppor/#post-4431809 Fri, 03 Oct 2003 02:21:20 +0000 Hi All

If you rent your PPOR you are missing out on a top tax free investment.

If you don’t want to purchase your PPOR, I would recommend you buy a property you want to rent out as an investment, live in it for a while, say 6 months, then rent it out and move into a rental property of your choice.

The effect of doing this is that your…[Read more]

]]> cabca0d24039eeae965c166bcb7ac7a1 Taxman replied to the topic Joint Venture Company (plz read) in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368283-joint-venture-company-plz-read/#post-4430681 Mon, 29 Sep 2003 01:29:39 +0000 Hi Angelus

You can enter into a joint venture in your personal name or setup a company as the joint venture vehicle.

If you are looking for tax write off’s, the joint venture agreement should be in your personal name as any tax losses are likely to be trapped within a company. Also, any capital gains on the property are taxed at a reduced rate…[Read more]

]]> baf0e08080263432f749a6a69d912554 Taxman replied to the topic Tax?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368261-tax/#post-4430470 Sun, 28 Sep 2003 10:48:24 +0000 Hi Ernest

Even with a positive cashflow property, there are other non cash expenses such as depreciation and capital write offs which will reduce your taxable income.

If you do have tax to pay, and lodge your return through a tax agent, you should have until May the following year to pay your tax debt. The ATO will then send you quarterly IAS…[Read more]

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