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  • Profile photo of daniel_73daniel_73
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    @daniel_73
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    May 26, 2011 - 7:48 am

    Hi Mr501,
    Thanks for the reply. Could you kindly elaborate a bit more. My situation is:

    (1) The property was bought in 2010 Sep for $374,000
    (2) The current value is perhaps less (maybe $ 360,000).
    (3) The property is now negatively geared…

    (3) assume I do the transfer now (say 1 June). I'm making a Capital loss. So do I still need to pay anything??

    (4) Whom do I need to consult to make sure there is NO stamp duty? I'm in VIC.

    Thanks
    Dan

    Profile photo of daniel_73daniel_73
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    May 25, 2011 - 5:04 am

    Also note that those charges are tax deductable

    Profile photo of daniel_73daniel_73
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    May 25, 2011 - 5:04 am

    I thnk the best is to get a depreciation schedule done by a qualified quantity surveyor. I have dealt with BDSA and they seem quite reasonable.

    http://www.bdsaqs.com.au

    Profile photo of daniel_73daniel_73
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    May 25, 2011 - 4:46 am

    Hi,
    I have not dealt with them directly but BarryPlan seem to be very popular. They seem to be getting good prices and are generally reliable. I know another agent Benlor Real Estate but my experience with them is not very good.

    Regards
    Dan

    Profile photo of daniel_73daniel_73
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    November 12, 2009 - 4:31 am

    In the builders contract, it states the builder needs to privide builders warranty insuarnce + building works insurance to cover damage arising from fire, theft etc. The builder has produced a copy of the builders warranty specifically for this site (under my name), so I think thats fine.
    As for the Buildng Works insurance he has got general cover (not specific to this site). So i was wondering if that was sufficient? and if I need anything else (not specificed in the contract). So looks like I dont need any additional insurance cover?

    Thanks mate

    Profile photo of daniel_73daniel_73
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    October 1, 2009 - 2:27 pm

    Thanks Johann for replying and I may contact you soon for more details…..

    Cheers
    Daniel

    Profile photo of daniel_73daniel_73
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    August 28, 2009 - 1:11 pm

    Thank you very much Dan42… Infact when asked my accountant he didnt know about this.

    Profile photo of daniel_73daniel_73
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    November 10, 2007 - 1:15 pm

    Thanks for both the replies. Yes i get what you guys mean. It certainly got me started. And yes i'm planning to attend some seminars and read more books to expand my knowledge before i start buying any property. Any suggestions, for books or seminars? Thanks

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