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  • Profile photo of cinemattcinematt
    Participant
    @cinematt
    Join Date: 2005
    Post Count: 4
    July 13, 2005 - 1:51 am

    Hi there,
    I have money in both ING and easystreet (no complaints) and was interested to hear about bankwest’s rate of 6%. I just went to the bankwest site to find which acct and couldn’t find it. Can you please point me in the right direction? The highest rate I’ve found is with easystreet.com,au at 5.65%
    Matt

    Profile photo of cinemattcinematt
    Participant
    @cinematt
    Join Date: 2005
    Post Count: 4
    July 7, 2005 - 11:42 pm

    Thanks Tools, I appreciate your help, the joys of GST!
    Matt

    Profile photo of cinemattcinematt
    Participant
    @cinematt
    Join Date: 2005
    Post Count: 4
    July 7, 2005 - 12:39 am

    Thanks Kim and Tools. Yes, the prop is commercial but just to clarify a few things:

    Tools, you said the agent takes out his fee, plus GST and sends me the balance and I send the GST to the ATO (the part about the agent taking out the GST confuses me). So just to confirm, the agent charges GST, and passes this on to me and then I pay the GST in the form of a BAS?

    Kim, that’s a great tip about if it was the only commercial prop. The current landlord must be reg for GST. Does that mean (being first commercial prop’ I could not register for GST and still charge $165 for rent?

    Interesting… thanks, Matt

Viewing 3 posts - 1 through 3 (of 3 total)