1998 MERCEDES BENZ A160 with 260k on itAnd if someone offered me $8k for it I would apply the three point test ….Are they over 18Are they mentally competentDo they have the cash!A true story …..My brother was born in December and one December we went to his house for a birthday party where he showed us his new Mercedes Benz and I asked him…[Read more]
No need to be barefoot in the park
By Barbara Drury
SMH December 15, 2004
What it is Mariner Financial’s Infrastructure Trust No 1 is an unlisted property trust with one asset: the Sydney Opera House car park.
Unlike most property trusts, where investment returns come from rent, investors in the Mariner trust will earn income from the operations…[Read more]
Here we are Mid morning Sunday and I bet that the best “deal” they can find is in Parkes on some brand new villas ……
Just quietly have a look who is the vendor of these “deals” and spend the $ 16.30 to do an ASIC search to see who is behind the deals …..
The australian tax system is based on self assesment. We can write what we like on our returns and the ATO will accept them.
If they do an audit on you well then it might help to have done the right thing.
In this case you should declare it as a CGT event and pay tax on it at the marginal rate.
To do a part 10 does not mean you are bankrupt. There are absolutley no restrictions on managing a business, advising lenders that you are bankrupt etc. that apply if you are a bankrupt expect what you have agreed to!
You are free to go again … if you can borrow the money
People, People, People
Let us not forget we all live (in Australia at least) in a world of taxation self assesment. We can claim what we like as a deduction, even the basset hound as a dependent AND THE ATO WILL ACCEPT THE RETURN.
Now if you were ever one of the unfortunates that were picked for an audit or check then it might be handy to have…[Read more]
In NSW it is property owners name and encumberances (mortgages etc) and title details. (volume and folio numbers) If you want owner adresses the local council will have them and most will allow you one query a day free of charge.
The issue about share trading discussion boils down to ASIC regulations. Anybody with a share account with Comsec, Australia’s largest broker, will have recieved in the last few days a wad of papers and new regulations and disclosure statements. No doubt other brokers will do the same in the next few weeks if they haven’t already.
The whole…[Read more]
“This is your captain speaking
“Welcome aboard flight 321, or is it flight 123, perhaps flight 132. We are about to take off. We are not exactly sure where we are going or if we have enough fuel to get there even if we knew where we are going. Don’t worry just sit back, relax and enjoy the day”
Sad but true. Too many people live their lives this…[Read more]
Why would the firm pay cash in the hand when cleaning is a legitimate business deduction. Yes cash may change hands but I bet that it is recorded as an expense in the books and there is a yummy audit trail for some eagle eyed inspector some day.
The risk reward ratio is scary!
this is how it goes ….
once you have exchanged contracts you have a deal. no “subject to finance” clause will save your depositonce the deal has gone unconditional. The vendor is entitled to keep it. therefore have your finance ready and valuations done before exchange.
even the words “subject to finance” leave you open. I am sure that you…[Read more]
- Load More