Thanks Jamie.

i also use excel and have some pretty detailed spreadsheets which I update as I go. I also now use Receipt2Go on the iPhone which inputs all expenses and allows scanning of receipts which is helpful. 

I am just looking for a program that will produce reports for my accountant, accept imports from my banking transactions etc. 

has…[Read more]

Thanks Terry. 

Point 2  – Ability to sell units without changing title or stamp duty ….
Would this allow me to transfer them out of my sole name into a unit trust without paying stamp duty (3 properties re in WA and 1 in Vic). 

If so would this then allow me to disperse the income to others within the trust?

i have sent you an email so will…[Read more]

Thanks Darryl.

All my properties except one are in WA but I am always keen no invest wherever the potential is. The information re NSW is helpful and I definitely keep that in mind if investing there. 

Do you know if there is any way to change ownership of my current properties into a DT without paying stamp duty ….. my death not being an…[Read more]

kateej03 wrote:

BradW wrote:
I have just invested in Derby, Western Australia. Inpex was proposed previously as being based there and as everyone knows this is now being piped to Darwin. Growth in Derby is still going strong based on Govt services that are being relocated and also the new 150 million dollar prison being constructed. My tip is…[Read more]

MJP, what was the outcome of this?

Thanks Terry.

When you say 10% of the sale price do you mean the sale price of the property? I will follow this up with my accountant but it would be interesting how CGT applies if 10% is also applied.

Thanks

I have just invested in Derby, Western Australia. Inpex was proposed previously as being based there and as everyone knows this is now being piped to Darwin.

Growth in Derby is still going strong based on Govt services that are being relocated and also the new 150 million dollar prison being constructed. My tip is if the state govt is moving…[Read more]

Thanks Scott & Terry.

There are some benefits in the GST as was mentioned by Terry re the funds in the offset.

From this scenario can you foresee any issues when/if I sell the property with collecting GST?

Also, as I am registered for GST can I claim back any GST payments I have made for services or will this be included in the write off re…[Read more]