PropertyInvesting.com | Wilmacacc | Activity https://www.propertyinvesting.com/members/wilmacacc/activity/ Activity feed for Wilmacacc. Sun, 12 Apr 2026 04:16:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 70fc41a9f32dba787e65ed6cf91e73db Wilmacacc replied to the topic Tax benefits, Help!! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399572-tax-benefits-help/#post-4622420 Thu, 22 Apr 2010 13:22:00 +0000 Also, If your employer agrees, you could salary sacrifice the expenses relating to the property, essentially giving you the deduction for the expenses while leaving the income in your wives name. The payment of the expenses would be an exempt fringe benefit using the otherwise deductible rule.

]]> e7940968c1085a4c2910066debf642f8 Wilmacacc replied to the topic What to trust? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399563-what-to-trust/#post-4622393 Thu, 22 Apr 2010 13:11:46 +0000 Hi Steve,You mention you want to protect the assets from litigation and divorce etc.If you have a fixed trust where you a with yourself as a fixed capital beneficiary, you have a real asset, and it would be at risk in litigation or divorce.If you have a fixed trust with a family trust as a beneficiary the land tax would be assessed to the family…[Read more]

]]> e0e3820e65e3482ac3a8a485fe063dd4 Wilmacacc replied to the topic Any CGT on 2 townhouses built on ppor for a first time developer? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399624-any-cgt-on-2-townhouses-built-on-ppor-for-a-first-time-developer/#post-4622791 Thu, 22 Apr 2010 12:22:34 +0000 Your cost base would be the market value of the land prior to the subdivision plus costs incurred in the subdivision and of course the construstion of the units, not the purchase value of the property.You should seek advice based on you situation if the sale of the first unit would constitute a capital gain or assessable income. You may also be…[Read more]

]]> ae8926b103f8f0527c3f9c81ae895498 Wilmacacc replied to the topic Trust and tax documents frozen in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399195-trust-and-tax-documents-frozen/#post-4619843 Tue, 20 Apr 2010 12:15:49 +0000 You can lodge a complaint with their professional body (ICAA, CP,  NIA). You should be able to find the contact details on the website of the relevant body.There is also now a new national Tax Practitioners Board, which manages the registration of tax agents. Tax agents are now bound by a new code of conduct. They have a form on their website to…[Read more]

]]> 8469f7b136c1fdc529339307cc0d8c1c Wilmacacc replied to the topic How to purchase commercial property as retirees to pay less tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399561-how-to-purchase-commercial-property-as-retirees-to-pay-less-tax/#post-4622382 Tue, 20 Apr 2010 00:30:17 +0000 Pesa,Click on my name and view public profile.You can send an email from there.David

]]> 557bc49a8187a52371608f6c21916916 Wilmacacc replied to the topic How to purchase commercial property as retirees to pay less tax in the forum Hi Pesa, You cant really https://www.propertyinvesting.com/topic/4399561-how-to-purchase-commercial-property-as-retirees-to-pay-less-tax/#post-4622380 Mon, 19 Apr 2010 23:03:26 +0000 Hi Pesa,You cant really access the equity in a property the fund already owns without taking the propert out of the superannuation environment. Super funds can borrow in limited circumstances, however it has to be to acquire an asset, it cant borrow against an asset already owned by the fund.If that is your intention, there are some strategies you…[Read more]

]]> 81f0bfc6225873707738917162620da0 Wilmacacc replied to the topic How to purchase commercial property as retirees to pay less tax in the forum Hi Pesa, You are correct https://www.propertyinvesting.com/topic/4399561-how-to-purchase-commercial-property-as-retirees-to-pay-less-tax/#post-4622378 Mon, 19 Apr 2010 12:04:10 +0000 Hi Pesa,You are correct that you could not live in the property if it was owned by the super fund. However the income would be tax free if you were drawing a pension. The property could be later transferred out of the fund if you wanted to live in it, but you have to consider the stamp duty on this transfer.In making the decision you need to…[Read more]

]]> 71f08463a65590ddce389e88122b55bf Wilmacacc replied to the topic Self Managed Superfund in the forum As long as the rent is paid https://www.propertyinvesting.com/topic/4397377-self-managed-superfund/#post-4609585 Fri, 02 Oct 2009 14:21:08 +0000 As long as the rent is paid on an arms length basis there shouldn't be any problems.Make sure you consider the liquidity of the fund if it is 100% invested in property.David

]]> 9a67e14213944350245b0b217b478419 Wilmacacc replied to the topic advice please in the forum General Property https://www.propertyinvesting.com/topic/4385477-advice-please-11/#post-4547364 Mon, 15 May 2006 06:26:48 +0000 Hi Yasmina,

I know someone who gave it a go for a couple of months and didn’t get any income from it at all. Their loans were not very competitive which made them very difficult to sell. They also had a telemarketing department that set up his appointments, however he would regularly turn up to appointments with people who had received phone…[Read more]

]]> 79eb28ac08fb566bcfb18ba8728c7ed5 Wilmacacc replied to the topic Moree Investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4380325-moree-investment/#post-4516938 Wed, 18 May 2005 06:34:42 +0000 From what I’ve heard you can get some good prices with very good rents in the Moree area. Its an area that I’m seriously considering.

Could be worth a go.

Dave.

]]> df7269550b1e3962cfc15c4190770ff5 Wilmacacc replied to the topic Super fund as deposit? in the forum Finance https://www.propertyinvesting.com/topic/4379606-super-fund-as-deposit/#post-4511930 Wed, 20 Apr 2005 06:51:31 +0000 Hi Guys,

Rellie is right, the way it can be done is to setup a unit trust, and both the superfund and yourself buy units in the trust and the trust then buys the property.

The only problem is that the property must be unencumbered for the superfund to remain complying. ie you cant borrow against the property to fund your part.the only way it can…[Read more]

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