Roomies, [
]My wife an I were discussing our next move in bed the other night, whispering sweet nothings into her ear [
] [}](room fades to black)…Our lease where we are living now will run out in December. And we are looking at buying a PPOR and 2 IPs Buy and Hold (to start the ball rolling) and to get some assests behind us.
If we bought our PPOR, and paid the loan from our wages, while the IPs would be self sufficent. Then hopefully as we add more IPs our loan will be paid by the income from them. etc..
Anyway, the question was. If one of our IPs were -ve geared and say the other 1,2,3,4 IPs were +ve geared, does that mean we still qualify for a tax cut due to the loss on the 1 IP. ?
Im guessing that the overall profit/loss is worked out on the combined income. So if in total we where making a combined profit then we dont qualify for a tax cut. [?]
….That destroyed the mood[
], so we slept LOL [:0)]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)Arty
Mood destroyer your not kidding, you must be on tender hooks
wouldn’t it be better the more +’s the better
aaronHey Arty,
You would still end up getting a tax break for the -ve cash flow property. It would just be offset against the +ve cash flow properties. It would just mean that you end up making less of a profit. You still get the same tax break.
Luckyone
Hi Arty
If your expenses are higher than your income then you will get a tax refund.
If your income is higher than your expenses then you will have to pay tax.
Make sure you have a good accountant. He will know ALL the things you can claim on.Ha Ha the Warriors by one. Still you only need only one point to win.
Regards
Housesitter…
It’s Tenterhooks darling. Oh and for everyone in the forum, definitely is spelt with an “i” and not an “a”. it is finite not finate.
Picky picky I know, but….
Steph.
Success is 1% inspiration and 99% perspiration.
Yay! [
]Thanks to all that replied, we can sleep now LOL[
]..I was right.. she was wrong.. ..I was right.. she was wrong.. ..I was right.. she was wrong.. [:0)]
Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)I dont know….you keep telling ya wife that YOU were right and SHE was wrong….I cant see you doing anything else BUT sleeping!! hahahaha
Women are NEVER wrong…I am a woman…I know these things! [}
][}][}]I am no acocuntant but if you setup the -IP and the +IP in different companies/names could you get a better tax saving?
say if you are the main income earner put the -IP in your name/director and the +IP elsewhere.
I am in IT not accounts but I hear a lot around the office [
]But as Muppet said TALK to your accountant or financial adviser
Camviv, [
] you said the aco****ant word in the forum [][] shame shame shame… LOL []But if I find out from the account that I was wrong then Id have to go back and appologise ! [
]And Pinky…. “Prove It !” [
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)arty
you want me to prove……that I am a woman
OK..well I have never been asked THAT before!! Usually the “bouncing” gives it away…
[}][][]Camviv, you said the aco****ant word in the forum shame shame shame… LOL
Geez I don’t know what happened their[
]Oh and pinky I don’t remember any wrong thing that I have ever done in my marriage, after all there is no point in both of us remembering is there [
]Pinky, Ah you play basketball !! [
].. but its called “dribbling” ![
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)BOUNCING!! NOT DRIBBLING!!
sheeeesh…..if my b00bs dribbled Id be worried!!
LMAO!!Cam….I bet one of you NEVER forgets tho!! hahaha
~ Heaven doesnt want me and Hell is afraid I will take over ~ :þ
Arty arty arty…
Have you never heard that a woman is never wrong…just mistaken.So your wife isn’t wrong. She is mistaken. Therefore, you must be wrong.
[
]
Steph.
p.s I have forgotten what the original topic was…???Success is 1% inspiration and 99% perspiration.
…”clean up isle 4…….welcome shoppers, today special..”[
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)“Attention please shoppers, just a reminder to avoid aisle 4 temporarily as Arty has wet himself after receiving a womans scorn…[
!] Muppet, can you please attend with the all important mop to clean the scene.”*Muppet frantically runs with a mop and slips taking a can mountain of tomato soup tumbling down the aisle*
*Arty sits with his head in his hands…Why oh why did he not just admit he was wrong….*
[
]Success is 1% inspiration and 99% perspiration.
see…..this is what happens when a man thinks he is right
CHAOS!! [
][][]~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ
see…..this is what happens when a man thinks he is rightCHAOS!! [
][][]~ Heaven doesnt want me and Hell is afraid I will take over! ~ :þ
Steph
I not much good at pelling
as for men being wong or white we are just out numbered either way
aaronHi Guys
If this is what we get on a property forum no wonder the Warriors are going to to be the Supreme NFL Champions and the All Blacks are going to win the World Cup.
Scremin, I may be a bit late with the mop as I will have to swim the Tasman Sea. Still if it is a hot day the mess will evaporate before I get there.(I’ll bring a can of Clean Air)
Now what was the topic again?
Regards
Help !! Where are all the guys to help me out.. im surrounded by the scorn of many woman.[
][].. it could be good thing though… [}][]Scremin, Pinky, housesitter and muppet (as I hope all of you are woman ) *LMAO. We need sex in the forum ….[
] no not physical sex, (even that would be a good thing), but on the profile, so we know who we are talking too… [^]P.S. I am right… [
] But I may need to invest in one of those beach front sheds for $25K, the dog house is becoming crowded with my dogs voting to evict me out…. [][]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)
]
] [}
], so we slept LOL [:0)]
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][The topic ‘To settle a disagreement’ is closed to new replies.
