PropertyInvesting.com | www_eric | Activity https://www.propertyinvesting.com/members/www_eric/activity/ Activity feed for www_eric. Wed, 15 Apr 2026 03:04:37 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c7ceb1d666b72fb6a3952270bd40a9c6 www_eric replied to the topic CGT with 6 years Temporary Absence rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005817-cgt-with-6-years-temporary-absence-rule/#post-5005855 Thu, 09 Apr 2015 22:55:05 +0000 Thank you Terry and Scotty,

I have read some articles and I think that Terry is right. Probably I should change my accountant :( not very happy that she gave me wrong information..

Any good accountant in Sydney you could recommend?

so technically to calculate CGT in my case. Please let me know if I am wrong

Total ownership period: 6 years…[Read more]

]]> d3baa7adcdcad5b3c71628fd42bcea14 www_eric started the topic CGT with 6 years Temporary Absence rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005817-cgt-with-6-years-temporary-absence-rule/ Thu, 09 Apr 2015 06:28:53 +0000 Hi All,

I am trying to understand the Temporary Absence rule.

For example,
I purchased a house in year 2007.
In April 2010, I purchased a 3 bedroom apartment and moved in as PPOR.

After few months I rented out 1 room and occupied 2 other rooms.

From Feb 2014 – Feb 2016,
I moved out and rented out the whole apartment managed by the agent.…[Read more]

]]> 000e4cb1dc3c08b358064f80f0fb74cf www_eric replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/8/#post-5002288 Mon, 23 Feb 2015 04:34:42 +0000 Hi Richard,

could I please get a copy of your article also? my email is chc5686@gmail.com
thank you

]]> a9333a1bbab6971a6ac62bf5d07a5596 www_eric started the topic Property market value as cost base for CGT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5001258-property-market-value-as-cost-base-for-cgt/ Tue, 17 Feb 2015 05:01:06 +0000 Hi All,

A friend recommends me to do a property valuation so it can be a cost base when calculating CGT in the future.

2 questions

1. Where can I get a valuation? From property agent, bank or third party company? If from third party company, can anyone suggest a company? Is ATO approved?
2. The house I purchased and lived there 2 years after I…[Read more]

]]> 936d56d49748b238ecb7cecdf41eb1c3 www_eric replied to the topic Recommendation - Loan Proection Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4410777-recommendation-loan-proection-insurance/#post-4699736 Tue, 04 Mar 2014 21:36:07 +0000 Thanks so much Richard. I feel more confidence about this company.

]]> 0c0520f6b1d092e9e11f7a8ff9904201 www_eric replied to the topic Help - Reduce Tax & get family assistance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406706-help-reduce-tax-get-family-assistance/#post-4670798 Thu, 28 Jun 2012 06:38:13 +0000 JD,
that is alright.

I thought a family can only get FTB A or B (or nothing like me). How can you get both?

]]> befeb443e508dae7c927f12a5654b64b www_eric replied to the topic Help - Reduce Tax & get family assistance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406706-help-reduce-tax-get-family-assistance/#post-4670790 Tue, 29 May 2012 04:11:29 +0000 Thanks for the reply.

There are Family Tax Benefit Part A and B.
From what I understanding,
A is for family’s adjusted taxable income for this financial year less than certain amount.
B is for families with one main income, where one parent stays at home to care for children full-time.

So basically I cannot get benefit A.
As the properties under…[Read more]

]]> 94d49e3210b7de5c08ef29c5e895261a www_eric replied to the topic Need advice what to do next in the forum Help Needed! https://www.propertyinvesting.com/topic/4406118-need-advice-what-to-do-next-2/#post-4665794 Mon, 19 Mar 2012 22:08:54 +0000 Thanks everyone.

I will talk to my broker to restructure my loans.

]]> 4c313b5083f58326d70c65f2490cb1f0 www_eric replied to the topic Need advice what to do next in the forum Help Needed! https://www.propertyinvesting.com/topic/4406118-need-advice-what-to-do-next-2/#post-4665787 Mon, 19 Mar 2012 03:45:45 +0000 Thanks Shane.

As originally I lived P1, I paid interest and principal. I did not change the loan structure after I moved to P2.

I thought it will be a good idea to pay interest and principal because I can pay off faster.

But from reading articles, it seems not a good strategy for investment.

]]> f832c6119617a3a8663347658d3f00a4 www_eric replied to the topic Depreciation Schedule in the forum General Property https://www.propertyinvesting.com/topic/4398456-depreciation-schedule-15/#post-4615243 Thu, 08 Apr 2010 00:34:21 +0000 I live in Sydney area. just got quote $580…..a bit expensive. But very fast response.

]]> 53e000817bef77bb594f855ce32a8e8b www_eric replied to the topic INFORMAL DISCUSSION GROUP IN SYDNEY in the forum Heads Up! https://www.propertyinvesting.com/topic/4399232-informal-discussion-group-in-sydney/#post-4620058 Wed, 31 Mar 2010 04:33:19 +0000 Pls count me in. I live in Hurstville

]]> d694144bb9b1b80313947428a5ee1f38 www_eric replied to the topic Can I claim for negative gearing and depreciation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398781-can-i-claim-for-negative-gearing-and-depreciation/#post-4617141 Tue, 16 Feb 2010 05:10:56 +0000 Dan42 wrote:
If you are not declaring the income, then you can't claim the expenses.Depending on other factors (what rent is being charged, did you advertise for the tenants,) the ATO may declare this income  as board instead of rent, so you wouldn't have to declare it as income.

Yes, that is why I want to find an Accountant to check for me.…[Read more]

]]> 14c3550385e89d7ec5c3de786ede7eb7 www_eric replied to the topic Can I claim for depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398535-can-i-claim-for-depreciation/#post-4615841 Fri, 29 Jan 2010 03:15:58 +0000 Thanks for the suggestions.Also, I am moving to a brand new 3 bedroom apartment. I plan to rent 1 or 2 rooms out. Can this apartment consider as an investment property?  Can I claim for depreciation? cheers

]]> 948e9b449325b3aacb44329cbc3ea8e4 www_eric replied to the topic How much deposit I need for investment property 200k in the forum Finance https://www.propertyinvesting.com/topic/4396546-how-much-deposit-i-need-for-investment-property-200k/#post-4605592 Thu, 25 Jun 2009 09:23:39 +0000 Thank you everyone. It is really helpful. So it will be better not touch the redrawn money. or at least setup different loan accounts.cheers

]]> be2a1edc2e209656e4bd06766634d644 www_eric replied to the topic How much deposit I need for investment property 200k in the forum Finance https://www.propertyinvesting.com/topic/4396546-how-much-deposit-i-need-for-investment-property-200k/#post-4605585 Wed, 24 Jun 2009 23:25:50 +0000 Thank you Richard,So can I use the redraw found ($10K) as 5% deposit?Kind Regards,

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