PropertyInvesting.com | trajik | Activity https://www.propertyinvesting.com/members/trajik/activity/ Activity feed for trajik. Mon, 06 Apr 2026 03:46:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 46274a1aa3b96641bb011c16184bda2f trajik replied to the topic Depreciation in the forum General Property https://www.propertyinvesting.com/topic/4394048-depreciation-21/#post-4592038 Thu, 21 Aug 2008 06:51:55 +0000 Martin,Even though it is added back to increase your capital gain by the same amount, your capital gain can be reduced by the 50% discount.  So, you get the full effect of the tax deduction at your marginal tax rate when you claim the depreciation, but upon capital gain, you only pay tax at 1/2 your marginal tax rate.  Plus, the cashflow benefit o…[Read more]

]]> a898ad9dd34ac47f3f9b94aacc96f9c0 trajik replied to the topic Tax question- relocation from perth to melbourne for work -can i claim the moving expenses? in the forum Finance https://www.propertyinvesting.com/topic/4393886-tax-question-relocation-from-perth-to-melbourne-for-work-can-i-claim-the-moving-expenses/#post-4591150 Thu, 31 Jul 2008 06:19:11 +0000 Hi,You can get your employer to pay for the costs of relocating as part of your salary package. It is a tax deduction to them, and is also an exempt fringe benefit. So you can get an indirect benefit of the tax deduction.

]]> cf40b98bd5602c5a6f60e5cabdc888a2 trajik replied to the topic Family Trust - is GST registration required. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393669-family-trust-is-gst-registration-required/#post-4589963 Sat, 05 Jul 2008 11:46:35 +0000 Fortunately, no you don't.Residential rental income is input taxed and so you don't need to register for GST at any stage, and GST can't be claimed or paid on residential rent or related expenses.Hope this helps.Ross

]]> 6c74af0a3ff32432a4030d51358fa9f9 trajik replied to the topic Accounting Costs in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392228-accounting-costs/#post-4582354 Sun, 10 Feb 2008 04:39:49 +0000 It does seem expensive, but when it comes down to it they can charge whatever they like, but whether or not you return next year it's up to you.   Many larger firms won't spell it out in black and white, but they are not interested in smaller clients and so charge as much as they can get away with, and if the client leaves then they are not too fu…[Read more]

]]> a2aaa06c72f48b250bc7762a5f4e5efc trajik replied to the topic Accounting Costs in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392228-accounting-costs/#post-4582352 Wed, 06 Feb 2008 08:57:14 +0000 In general I would say that is on the high side, usually between $600-$1500, but it depends on a few things.  Most accountants charge on an hourly rate so if you know how much their hourly rate is then you can see how long they are saying it took.   Did they do your individual tax returns as well (how many), what type of record keeping did you pro…[Read more]

]]> b334c9087022eb557372753193983e22 trajik replied to the topic What is and how do you calculate ROI? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391987-what-is-and-how-do-you-calculate-roi/#post-4580987 Wed, 16 Jan 2008 09:36:30 +0000 ROI = Return on Investment, expressed as a percentage.For example, if you invest $100,000 and it earns $8,000 per annum, then the ROI is 8%.Now, there will be differences in whether or not you are using just the amount that you invest, or the cost of the overall investment, ie; if you borrow, then your investment is less than the cost of the…[Read more]

]]> ff73014fc8bca6d2d048ce72d2d02b87 trajik replied to the topic Depreciation Question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391277-depreciation-question/#post-4576506 Mon, 29 Oct 2007 03:56:14 +0000 Sure can, get a QS report done and you're right to go

]]> 105311935e180a4cf47423ff0b65d5d5 trajik replied to the topic Property trust and asset protection in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391263-property-trust-and-asset-protection/#post-4576421 Fri, 26 Oct 2007 07:43:56 +0000 Hi Carol Anne,A new trust is unlikely to protect your current assets from any legal action, but probably a smart idea for any future investments.  This is not to be taken as legal advice but my limited opinion.  You should really get a legal opinion for some certainty.regardsRoss

]]> 2646506e62d80209be638674aa3e4a69 trajik replied to the topic How Does CGT work exactly? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391254-how-does-cgt-work-exactly/#post-4576371 Fri, 26 Oct 2007 07:41:15 +0000 Mark, You need to be able to make a reasonable valuation, so either getting the actual selling prices of similar properties in the area sold at around that time as evidence, or a quantity surveyor may be able to help with the valuation.   They are qualified to make an informed valuation.   Also, as Elkam has alluded to, you may be able to use the…[Read more]

]]> 732988a8f49a0235613ac94d4da161c2 trajik replied to the topic How Does CGT work exactly? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391254-how-does-cgt-work-exactly/#post-4576367 Thu, 25 Oct 2007 11:57:23 +0000 Is the ACT house your PPOR?  If so then you would be looking at CGT on the Ipswich property being; selling price net of selling costs, less the market value of the property when it started producing income. Less 50% CGT discount.   This amount, if a net capital gain, is added to your taxable income.   If a loss, is offset against other capita…[Read more]

]]> 8ec99c1ca086cb9e2be596f5298397d5 trajik replied to the topic GST credit for land in House & Land Package in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391192-gst-credit-for-land-in-house-land-package/#post-4576082 Wed, 24 Oct 2007 02:07:04 +0000 Hi Greg,Glad to try and shed some light on your situation.   As you've said, if the property was developed/sub divided then you would probably be regarded as in the business of property development.   Thus you would be required to register for GST, assuming you exceed the $75,000 turnover threshold.   As you would be registered for GST, you would…[Read more]

]]> 0556ea0b6ee1a3419880ab4f6fbcb296 trajik replied to the topic GST credit for land in House & Land Package in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391192-gst-credit-for-land-in-house-land-package/#post-4576080 Mon, 22 Oct 2007 11:00:56 +0000 Is the trust actually carrying on a business? Or merely investing in real estate?  In which case the GST on expenditure is related to input taxed supplies and so it cannot be claimed back.   If the trust is carrying on a business of developing property then there probably will be GST on the sale of the property, or at least the margin.  Be ver…[Read more]

]]> 568e08e4c895c8e11bb5779f845cdb64 trajik replied to the topic GST credit for land in House & Land Package in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391192-gst-credit-for-land-in-house-land-package/#post-4576076 Sun, 21 Oct 2007 03:29:40 +0000 Hi Bundy, Why is your trust registered for GST if it is just a passive investor, ie; rental investment?  Passive investors aren't required to register for GST, unless the rent is commercial and your annual rent is at least $75,000, not including GST.   Not being registered is usually better because you won't have to pay 10% of your income to th…[Read more]

]]> c5972837fd36ef96b18c356a14750695 trajik replied to the topic general investment advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4391194-general-investment-advice/#post-4576098 Sun, 21 Oct 2007 03:17:08 +0000 Hi cqblove,Another important thing to consider before buying anything is the structure that you use to own your investments.  This will be a vital part of your plan, to not only reduce your tax but more importantly to protect your investments.   With the expected tax cuts, again, the tax benefit of negative gearing is continually being erod…[Read more]

]]> b6d46c62e0c3906a05d3b46ec8bd9126 trajik replied to the topic Company or Partnership! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390425-company-or-partnership-2/#post-4571894 Fri, 10 Aug 2007 11:08:21 +0000 Some really good points there Terry.  The unit trust arrangement will definitely be the most tax effective and flexible.   As has been noted the main thing that needs to be sorted, is the decision making and dispute resolution process, which is likely with such a large group, and a tie breaker needs to be decided upon with an even number of equ…[Read more]

]]> 43dfda61f92ccd609b297162da36b5bf trajik replied to the topic What is the differance between a company and a corporation? in the forum A company or corporation https://www.propertyinvesting.com/topic/4390343-what-is-the-differance-between-a-company-and-a-corporation/#post-4571442 Tue, 31 Jul 2007 09:56:15 +0000 A company or corporation (same thing) means that it has been incorporated or brought into legal being by statute.   A company is a seperate legal entity.

]]> 3165f692d9b987202da678fad49658eb trajik replied to the topic Offsetting a Capital Gain in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390210-offsetting-a-capital-gain/#post-4570745 Thu, 19 Jul 2007 20:05:45 +0000 First things first…why are you holding business & investment assets in the same trust?  Potentially exposing your investments to business risk and compromising the asset protection advantages of the trust?Secondly, you can offset the trading loss against the capital gain.

]]> b07afebeb8b5982521ed1dee6e1de2ae trajik replied to the topic Recouped building depreciation allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389774-recouped-building-depreciation-allowance/#post-4568291 Sat, 09 Jun 2007 20:23:01 +0000 Yes, it's a very tricky and unfair situation, but that's the ATO.  Although I haven't personally seen them put this into practice you need to be aware of the fact.

]]> 67f45b720462cd051a85fd220a918193 trajik replied to the topic Who's name to buy IP under? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389836-whos-name-to-buy-ip-under/#post-4568965 Sat, 09 Jun 2007 20:17:18 +0000 Even though your hubby will get the better tax breaks now, he will also be taxed on the capital gain (although only 50%) at his tax rate.Consider doing a cashflow projection over the term of the investment (5 yrs?) on 3 scenarios.  1. Hubby owns 100%2. You own 100%3. You both own 50%This will give you an idea on the difference between the o…[Read more]

]]> b5282a61f33de03e92a7e5179323570d trajik replied to the topic Recouped building depreciation allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389774-recouped-building-depreciation-allowance/#post-4568288 Sat, 02 Jun 2007 20:15:51 +0000 The building write off of 2.5% per year reduces the cost base of the property, whether or not you have claimed the write off.  This is assuming the property is a post 13 May 1997 purchase.   There are circumstances where this does not have to occur if it is reasonable and out of your control that you cannot establish the building cost.   When the…[Read more]

]]> e3de6b485b0852c0e3285ef74d988331 trajik replied to the topic Recouped building depreciation allowance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389774-recouped-building-depreciation-allowance/#post-4568286 Thu, 31 May 2007 18:47:37 +0000 Even though the building write off is recouped upon sale, you have claimed it during the life of the investment at your full marginal tax rate, but get a 50% CGT discount on sale.The time value of money also places a greater value on claiming as much as you can as early as you can.And lastly, the building write off is recouped even if you haven't…[Read more]

]]> 94856cb49a62e7fdc1af37bd1d02c022 trajik replied to the topic Trading Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389629-trading-trust/#post-4567735 Thu, 17 May 2007 10:49:19 +0000 A discretionary trust may be the ideal structure, and if so, yes you need to have it established prior to purchasing the business.  Definitely need a corporate trustee to provide protection of your IP's & PPOR.Interest deductibilty on HDT depends upon the deed and your accountants opinion…for certainty, get a private ruling.

]]> 57a8b2f68e843fca8a1883ecdb3ed681 trajik replied to the topic Purchase or Lease Car in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389452-purchase-or-lease-car/#post-4567088 Sun, 06 May 2007 20:01:49 +0000 Absolutely agree with Marc…though if you do want to get a relatively new car, go for something about 2-3 years old still in warranty, less than 50,000 km.  It's as good as new for reliability, etc but the price will be 30-40% less.  Don't get a 6 cyl, go a 4, you'll save heaps on running costs, and depreciation is generally better (less)  …[Read more]

]]> 5034a150e77e3600db05f04c91b285ab trajik replied to the topic Starting A Company. in the forum No Subject https://www.propertyinvesting.com/topic/4388683-starting-a-company-2/#post-4563406 Fri, 02 Mar 2007 01:02:46 +0000 A company may be the ideal structure for you but as Terry stated there are many specific laws & tax laws relating to companies that you should be aware of. You may save a few hundred dollars by setting up the company yourself but how do you know what you are doing is right, what do you do when issues crop up, do you have someone to guide you…[Read more]

]]> d7519844996283c63287b88292832f00 trajik replied to the topic capital gains tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4388639-capital-gains-tax-30/#post-4563227 Tue, 27 Feb 2007 07:53:48 +0000 You can’t directly defer the capital gain, as Amanda quoted, but you may be able to reduce the CGT by reducing/deferring your other income or increasing/bringing forward tax deductions for the year that the CG occurs, as CG are just added to your other taxable income and then tax is calculated at the resulting…[Read more]

]]> 9411f7eefca72b548add3d08cf2272b3 trajik replied to the topic Personal use of an asset owned by a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388481-personal-use-of-an-asset-owned-by-a-trust/#post-4562459 Mon, 19 Feb 2007 09:48:00 +0000 The same concept applies to FBT, in that there must first be an employment relationship.

If there is no employment relationship and thus no FBT, whether or not to hold the assets in trust will come down to issues such as what , if any, is the tax benefit of holding the assets in the trust, is it just for asset protection, if so what other assets…[Read more]

]]> fac2e4804eb3e7d0b2281499fb489edc trajik replied to the topic Personal use of an asset owned by a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388481-personal-use-of-an-asset-owned-by-a-trust/#post-4562456 Sun, 18 Feb 2007 04:32:10 +0000 Hi AJS,

Couple of issues,

Firslty FBT won’t be an issue if you or any related persons are not “employed” by the trust, as FBT only applies to employment. Generally, if you are just investing in property then you wouldn’t be employed by the trust.

But, the ATO has cracked down on the scheme of your own trust renting it’s property to you and…[Read more]

]]> 1c3b93db14cd8828875ab8442b592d52 trajik replied to the topic is this illegal/not possible? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388377-is-this-illegalnot-possible/#post-4561889 Thu, 08 Feb 2007 22:32:38 +0000 Hi Picklesam,

Couple of questions to clarify your situation.

Who is going to own the IP, you or your company?

Why does your company pay your rent?

Who has the loan for the IP, you or your company?

Is it a company (Pty Ltd) or just a business in your name?

Happy to help, but just didn’t quite understand your post…[Read more]

]]> cc7709ecea33afa979237a5e4a14d210 trajik replied to the topic Buying home in company name & leasing in the forum No Subject https://www.propertyinvesting.com/topic/4388367-buying-home-in-company-name-leasing/#post-4561838 Thu, 08 Feb 2007 22:24:22 +0000 HI LBH,

Two major problems.

First, a company isn’t eligible for the 50% CGT discount.

Second, if the company leases the property to you to live in then the company will pay FBT at 46.5% on the lease.

So, pretty much a no go all round.

Companies are good for running a business or acting as trustees, but not much else.

Hope this…[Read more]

]]> 9c38ea01a206a3471b3247a074d84ecf trajik replied to the topic Salary Sacrificing - rental expenses in the forum Help Needed! https://www.propertyinvesting.com/topic/4388309-salary-sacrificing-rental-expenses/#post-4561564 Mon, 05 Feb 2007 08:59:35 +0000 If you own the property jointly and your income is in a higher marginal tax bracket, then salary packaging rental expenses gets you a benefit equal to the difference in your marginal tax rates.

ie,

If your tax rate is 46.5% and your partners is 16.5% then the benefit is 30% of what you can salary package.

hope this…[Read more]

]]> 9004d2b66e28772fecf9b0bfb2fdf31d trajik replied to the topic Negative gearing question in the forum Help Needed! https://www.propertyinvesting.com/topic/4388335-negative-gearing-question-3/#post-4561650 Mon, 05 Feb 2007 08:55:59 +0000 Hi devo,

He’s right, it doesn’t matter where the money comes from but who owns the property.

regards

ross

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> be4316155a20b5670248ddf912ab72e1 trajik replied to the topic Negative gearing question in the forum Help Needed! https://www.propertyinvesting.com/topic/4388335-negative-gearing-question-3/#post-4561649 Mon, 05 Feb 2007 08:54:57 +0000 Hi devo,

He’s right, it doesn’t matter where the money comes from but who owns the property.

regards

ross

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> f916b6f0db0d7d0056c2096f9ef6cbf0 trajik replied to the topic Accountant, Whitsunday coast to Mackay in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387889-accountant-whitsunday-coast-to-mackay/#post-4559781 Fri, 02 Feb 2007 16:20:23 +0000 Thanks for the referral Richard. Much appreciated.

Actually HookhamC & Pro Investor, I am moving to just north of Townsville at Easter and so am looking for some more clients in the north queensland area. Would be more than happy to help you guys out.

Ross

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 413f2aff8799ec4aba8fc3c3b226a7cf trajik replied to the topic Capital loss and renevations in the forum Help Needed! https://www.propertyinvesting.com/topic/4388266-capital-loss-and-renevations/#post-4561407 Thu, 01 Feb 2007 10:04:03 +0000 Hi devo,

Your capital gain will be proportional based on the time you live in it V’s time rented. For example, if you rented it for 6 years and then lived in it for 4 years, taxable capital gain would be 60% of the total capital gain. Then the 50% discount would apply, so really only 30% of the capital gain will be taxable.

The new rooms added…[Read more]

]]> 46fd5067727025f157a93bab57386f14 trajik replied to the topic Capital loss and renevations in the forum Help Needed! https://www.propertyinvesting.com/topic/4388266-capital-loss-and-renevations/#post-4561403 Wed, 31 Jan 2007 11:49:12 +0000 Hi devo76,

You are right that only buildings built after 87 can claim the special building write off over 40 years (2.5%PC), but also any building structure/capital improvements can also, depending upon when they were built, not when you buy the property. As JFisher said, it’s best to get a Quantity Surveyor report, unless you have the actual…[Read more]

]]> 1c492dd7ce728bb4e9ef6d74d6a0003b trajik replied to the topic the tax solution in the forum No Subject https://www.propertyinvesting.com/topic/4388188-the-tax-solution/#post-4561112 Fri, 26 Jan 2007 14:48:21 +0000 It’s written in pretty plain english and easy to understand. Covers most areas in basic terms and a good investment if you’re not a tax accountant or very tax literate.

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 4c4a115fe6d8e946abb47bb93122cd4f trajik replied to the topic PI structures in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388167-pi-structures/#post-4561016 Thu, 25 Jan 2007 04:25:04 +0000 Ask him to explain why he prefers the SMSF.

Are you within 5 years to retirement?

What are your investment goals/plan?

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> fd592366feea848a48ea2d1b1089d7b9 trajik replied to the topic Property Investing structures in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388137-property-investing-structures-2/#post-4560866 Tue, 23 Jan 2007 12:57:26 +0000 Dale Gatherum Goss’s “Trust Magic” is a really good trust resource written in normal language, not “legal speak”

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 3b38c8d0868cbf1b27a659ee61940744 trajik replied to the topic Super or Property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388123-super-or-property-2/#post-4560802 Tue, 23 Jan 2007 12:53:33 +0000 Hi Carpe_diem,

Send me an email and I’ll be happy to help out, or point you in the right direction.

regards
Ross

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 427cc85e1a84443353f68e0e9ee2264d trajik replied to the topic trust are they really all they are cracked up to b in the forum Help Needed! https://www.propertyinvesting.com/topic/4388139-trust-are-they-really-all-they-are-cracked-up-to-b/#post-4560878 Tue, 23 Jan 2007 12:49:45 +0000 Hi Condog,

I think you may have misinterpreted what your accountant was saying. The pattern of distributions test is to do with the trust loss measures and doesn’t usually have any consequence if you are not trying to inject income into the trust or use other measures to access trust losses.

If the trust is a discretionary trust then the…[Read more]

]]> 186eb4e00483efbf3b6b1f07c4b01caa trajik replied to the topic Super or Property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388123-super-or-property-2/#post-4560800 Tue, 23 Jan 2007 12:32:37 +0000 Self Managed Super Fund establishment would be $750 inc GST.

Ongoing costs are;

ATO Supervisory Levy – $45 ($150 from 2007 FY onwards)
Annual Audit & Tax Return depends upon the level and complexity of the transactions and bookkeeping, but as a guide most of my current clients fees are below $1000.

Basically, the super fund tax return and…[Read more]

]]> c3f1021fd245863ea83698c96d8e7e27 trajik replied to the topic Super or Property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388123-super-or-property-2/#post-4560798 Tue, 23 Jan 2007 02:58:37 +0000 Remember that Superannuation is not an investment itself, just a tax structure. If you want to invest in property and also take advantage of the new super rules, why not consider a SMSF?

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 8297a9312c1fbf098761ecb50994b2e8 trajik replied to the topic Stamp Duty when transferring to a family member? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388111-stamp-duty-when-transferring-to-a-family-member/#post-4560725 Mon, 22 Jan 2007 03:10:09 +0000 Stamp duty will be unavoidable in most states that I’m aware of.

CGT maybe exempt for the brother if it’s his PPR or has been.

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 68b7b89d7d4480b7aa10e1f94084c42e trajik replied to the topic Am I kidding myself ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388110-am-i-kidding-myself/#post-4560723 Mon, 22 Jan 2007 02:58:06 +0000 Hi Bez,

I’t looks like you’ve done well to have saved $12,000 on your income, so you probably have a good money ethic. Why not also look at investing in yourself through training and education to increase your income which can then flow into increasing your investment power. Maybe also look at relocating to a higher paying job, if it suits you…[Read more]

]]> 3ee69a0c591452671d28068b6077dedd trajik replied to the topic CGT CHanges in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388101-cgt-changes/#post-4560710 Sun, 21 Jan 2007 11:21:19 +0000 If you’re thinking about buying a PPR then renting it after a certain time to avoid CGT, then the six year absence rule may apply, but there is and never has been any set period of time to regard a property as your PPR. It is a matter of fact, it either is or isn’t your PPR, but obviously the longer the period the more likley that it is genuine…[Read more]

]]> 9f5b16b85a0e1e5e5454cd006e11d90c trajik replied to the topic Trust query in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4388058-trust-query/#post-4560549 Wed, 17 Jan 2007 13:15:54 +0000 As terry said, paying out debt and taxable income are two unrelated actions.
You may pay out the debt, but any tax profit used to pay out the debt still has to be distributed to a beneficiary and taxed in their hands, even if no cash passes hands.

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> d97f0a51a86b06f5f5082303a3f6c678 trajik replied to the topic Hybrid trust finance in the forum Finance https://www.propertyinvesting.com/topic/4387987-hybrid-trust-finance/#post-4560226 Mon, 15 Jan 2007 03:59:25 +0000 Thanks for the responses guys

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 3e2124dc76ceb354637679e32fef9464 trajik replied to the topic Negative Gearing a house under construction in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4387996-negative-gearing-a-house-under-construction/#post-4560266 Fri, 12 Jan 2007 08:30:05 +0000 Hi ET,

You can claim holding costs being interest, rates, insurance, etc as long as your intention is to rent the property once practical.

regards

ross

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> a2cb4a2d57b421735371632252b5c494 trajik replied to the topic capital gains tax in the forum No Subject https://www.propertyinvesting.com/topic/4387935-capital-gains-tax-29/#post-4559990 Tue, 09 Jan 2007 01:56:24 +0000 Hi Eve,

Absolutely,

The Net Capital Gain is added to your other taxable income, so it can also be reduced by any tax deductible expendtiure, ie; donations, courses, etc. Also salary sacrifice into super to reduce your taxable salary is an effective way to reduce CGT.

tax@guardianaccounting.com
http://www.guardianaccounting.com

]]> 78739c67c28744e09739e13f7b53ffb4 trajik replied to the topic how to reduce CGT on IP sale in the forum Help Needed! https://www.propertyinvesting.com/topic/4387621-how-to-reduce-cgt-on-ip-sale/#post-4558430 Fri, 08 Dec 2006 00:44:26 +0000 As Terry said,

if you did not live in the property before it became an IP, then CGT is based on the proportion of the time that the property was an IP. So living in it now will reduce the CGT when you sell it, but you can only have one PPR at a time. So depending on the potential capital growth on your current PPR, will determine which property…[Read more]

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