Thanks for the excellent post !!!!

I have heard that sometimes if the neighbours object you may need to go to VCAT – is this part of the reason that the Development approval may take several months ?

Vivek

Vivek

Not sure if you have seen the Best of PI.com sticky message – it has a link to a book review list – here is the link: https://www.propertyinvesting.com/forum/topic/6845.html

For me my personal favourites are “The Richest Man in Babylon” – it is like reading a story but the essential principles are all there, and one that has not been…[Read more]

I am not an accountant but I believe that the laws related to CGT depend heavily on when the person deceased and when property was acquired (pre or post the introduction of CGT ).

The ATO web site has a specific section for Capital Gains Tax relating to inheritance – check it out at: http://www.ato.gov.au and select the Indivduals, Capital…[Read more]

I heard exactly the same conflicting pieces of advice which is what made me go to the ATO web site in the first place.

I guess that you have some interesting choices:

1) Hold onto the property and let the value of your tax free capital gain be “diluted” if the market stays flat for a while.

Or
2) Sell the property and rea…[Read more]

I was in a similar situation and I misunderstood the capital gains tax laws to be:
CGT = the valuation when you move out less the cost of the property initially.

In actual fact the tax office use a totally different formula :

Total capital gain made from the CGT event x (number of days in your ownership period when the…[Read more]

I am with Westpac – the policy states the “The most we will pay for loss of rent is an amount up to $1000 per week up to a maximum period of 10 weeks”

You can check out the policy on http://www.westpac.com.au/internet/publish.nsf/AttachmentsByTitle/FSR_HomeContentInsPDS.pdf/$FILE/FSR_HomeContentInsPDS.pdf

Hope this helps….

Vivek