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  • Profile photo of _joyce_joyce
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    @_joyce
    Join Date: 2008
    Post Count: 16
    January 20, 2011 - 10:57 pm

    How do you find out the number of properties managed by an agent? I find that this information is not disclosed by the agents themselves.

    Profile photo of _joyce_joyce
    Participant
    @_joyce
    Join Date: 2008
    Post Count: 16
    September 18, 2010 - 4:25 am

    No, I want to leave it as owner-occupied. I don’t want to declare the property as investment. Therefore, I’m not claiming any deductions on my tax. I’m just not sure if this is legal, leasing out the property but not declaring it as investment. I don’t get the rent.

    Profile photo of _joyce_joyce
    Participant
    @_joyce
    Join Date: 2008
    Post Count: 16
    January 9, 2009 - 3:03 am

    So LOC is not an offset account, am I right?

    Profile photo of _joyce_joyce
    Participant
    @_joyce
    Join Date: 2008
    Post Count: 16
    December 22, 2008 - 10:35 pm

    opps, found the answer
    http://www.investopedia.com/terms/q/qoq.asp
    http://www.investopedia.com/terms/y/year-over-year.asp

    Profile photo of _joyce_joyce
    Participant
    @_joyce
    Join Date: 2008
    Post Count: 16
    August 11, 2008 - 1:31 am

    "Drawback to renting out one room and declaring income is that room is no longer subject to an exemption for capital gains tax."

    Sorry, but could you briefly explain what is capital gains tax in this (house) scenario? I downloaded the ATO document but it states about shares, and not really on the housing section.

Viewing 5 posts - 1 through 5 (of 5 total)