Hi vyaw2003 great stuff. Tongue in cheek there area number of things you are doing wrong:
1. Your investments are making money. How can you goto adinner partyinSydney and bragabout your negativegearing. I was in thesame situatioafew yearsback. a rundown property – spruced up tenanted 25% return on purchase price. Everybodysays I’m crazy who…[Read more]

Why can your Dad sell the front house in 6 years and avoid CGT? You said your oarents bought the property in 1986 after CGT was introduced and difn’t move into the front house until June 2015. Bear in mind that if your parents a on a oension or wanting to get one that gifts they make will affect their eligibility fir a pension.

Your method is working for you. You need to do what helps you sleep at night.

Read this http://lifetruthordare.com/american-businessman-and-mexican-fisherman/

It seems to me you have got something that gives you contentment/happiness – a young family and your dream home. If you can keep that then you’ve got what you want.

Good luck

You can only have one PPOR at a time. However, if the first property means so much to you that you want to try and keep it, then although you buy and move into the second property, you can still nominate the first property as your PPOR. To minimise capital gains on your second property you can include in its cost base items that you are not able…[Read more]

How have you used redraw, eg if you deposited your salary and then withdrew to pay expenses you might have very little of the loan that the interest would be tax deductible on, as most of the current loan would have been contaminated by redraawing for other purposes than earning assessableincome.

So as a corollary you cannot make more of your…[Read more]

do they hold 50% each directly or through a structure such as a trust or a company? the transfer would be a capital gains event, stamp duty would normally be payable, how us any depreciated plant to be treated, is the asset an active business asset for capital gains tax.

Look at your insurance, but unfortunately subsidence and movement except as a result of earthquake is not normally covered by insurance. Depending on the age of the building it might be s claim against the builder.

fees on discharge of mortgage will be tax deductible on income

http://moreegolfclub.com.au/2012/02/06/floods-again/

http://www.ses.nsw.gov.au/content/documents/pdf/floodsafe/42156/Moree_Residential.pdf

population likely to decline

You can redraw, but the interest on the amount redrawn will not be tax deductible and any repayments of principal will go both to the investment portion of the loan and the amount redrawn for the car.

If you are repaying a loan the interest might be tax deductible but you didn’t provide that information earlier. Ask Tony and see.

If current net profit is $100,000 is the rent to come out of that. If you mortgage the motel and use the cash to buy a unit to live in, the interest on the mortgage will not be tax deductible. Have you talked to Tony Neyle of statewide motel brokers. You are going to have to consider in the lease about who will pay for improvements to the units…[Read more]

Just remember that because you have just purchased the property anything you do will generally not be deductible as repairs but will need to be written off over time as they willbe classed as initial repairs.

No you will not be grouped.

buy $3,400,000 , stamp duty $187,000, planning fees $240,000 sel for $5,000,000 profit exit strategy 1 is $1,173,000 not $1,637,000.

There are other ways that it could be dealt with eg making banks change their risk ratings on investment loans. The problem with these other methods is that you can have a credit squeeze which will affect sound operators too.

Back in the 80s and early 90s the banks did charge a higher rate on investment loans than on owner occupied housing.

Section 6 Clause 10 of the form has the applicant authorising the Victorian office of state revenue to obtain information.

Look at p 9 http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf f you are not registered for GST possibly not

Do you expect your house to drop in value? Bear in mind the high costs of entry and exit probably about 10%. What will you do if prices don’t fall?

https://www.ato.gov.au/uploadedfiles/content/spr/downloads/spr46427n11032.pdf