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  • Profile photo of cluelessclueless
    Participant
    @clueless
    Join Date: 2004
    Post Count: 11
    September 12, 2005 - 8:39 am

    kp
    how would i convert that back to real time money not inflated one? what is it worth in todays dollars? also why 5% growth? Is this the standard growth rate i should expect for property over the years???
    Please help
    clueless (glad u like my nik-unfortunately it’s true)

    Profile photo of cluelessclueless
    Participant
    @clueless
    Join Date: 2004
    Post Count: 11
    September 12, 2005 - 8:35 am

    hi mikala
    Getting ready to invest in property again. thanks for advice
    clueless

    Profile photo of cluelessclueless
    Participant
    @clueless
    Join Date: 2004
    Post Count: 11
    May 17, 2005 - 9:42 am

    thank you,
    well that suks, maybe i should hold it for 12 months and get 50% deduction. As a query though what if i sold it at a lower cost and made a loss? what tax if any would apply?

    Profile photo of cluelessclueless
    Participant
    @clueless
    Join Date: 2004
    Post Count: 11
    March 9, 2004 - 12:36 am

    Thank you to everyone who has made a suggestion. The property is already set up as an IO and is in another state so moving in isnt possible. however I will download those debt removal tips and see how we go. I can see if we get out of debt quickly we may end back in it again with no back up house. I guess having 4 kids is costly and trying to renovate our own home is too.

    I was always under the impression that to sell an investment porperty after 5 years your CGT was reduced.
    Was I miss informed?

    thank you
    Amanda

    Profile photo of cluelessclueless
    Participant
    @clueless
    Join Date: 2004
    Post Count: 11
    March 8, 2004 - 5:30 am

    I haven’t looked at the capital gains and im unsure how the ratio works i.e.% of growth. Any idea?

    Thanks
    Amanda

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