Apologies if you have seen this Q on another forum, I’m hoping for a quick basic answer

I’m trying to chase my accountant for an answer but I need a ball park figure re CGT

example – I purchase property for 500k

– I subdivide property in 1/2, front existing house, and build new house on back 1/2 for 300k

– I plan to imminently sell the front…[Read more]

Hi

I’m wondering if there are any like minded property investors / moreso property developer forum / group chat / think tank groups out there.

I’m not a big company property developer, just mum and dad investor with a regular job – but have been studying hard over the years, and hope to start a 3/4 townhouse development soon, and wondering if…[Read more]

I spoke with one of the big banks today, regarding the early break fee department – who could’nt / would’nt help me or give me some semblence of an idea how much there fees could be if we pay out our fixed loan early.

Currently have 5 months to go and if breaking with the loan today they say I’ll owe $3040 in early break fees.
I have no idea if I…[Read more]

Hi

If one was to sell a house that had the fake plastic weatherboard cladding.

And real actual weatherboards are underneath, should one spend the money to remove the cladding and fix / paint the weatherboards underneath…

How much more value would real weatherboards add to a properties sales price vs fake plastic cladding.

Hi,
sorry I’m a bit unsure if I should claim these expenses at tax time or are they added to the cost base of the rental property

Property settlement costs – Bank loan costs, Conveyancer costs, Buyers advocate fees….

Hi,

Can I claim depreciation on a brand new built property that finished 2 weeks ago.

We have been advertising and are yet to have a tenant signed up.

Is depreciation calculated from when you first have a tenant, or when the property build is completed? Can I claim depreciation for the 2015/16 financial year?

Cheers

Hi there,

I am wanting to figure out the rough CGT on an investment property, that I have subdivided / split in 2.
If I am looking at selling 1 property, for the calculations do I basically cut the original purchase price in half, or is it a % of how much of the land is split against each of the 2 blocks….
If I’m looking at selling the front…[Read more]

Hi

Wondering if there are any general advantages / tax consideration regarding taking iminent possession of a newly built investment property we have had our builder building before or after the financial year? which would be better, or does it not really matter?

Hi

I have a 2 home – splitter block and council have put in the planning permit that I paint / colour the driveway that peels off to the front dwelling a different colour to the main driveway that continues down to the rear new house.

I think it will look ugly, unappealing etc, but they are adament that this has to be done, has anyone heard of…[Read more]

Just wondering if for this scenario:

Have existing house which is being subdivided.
– New dwelling being built at the rear
– new dwelling has been funded through equity of existing dwelling and other property.

– When subdivision paperwork has all been approved / adjustment of titles.

Can I set this new dwelling up in a property investor trust,…[Read more]

Hi There,

Just wondering how Land tax works with this scenario:

Have an existing property that is being subdivided into 2 lots over the coming months.
Plan to sell one of the lots and keep the other.

– Would SRO Vic likely just split my current land tax fees evenly between the 2 lots, or would they recalculate and revalue upwards the value of…[Read more]

Hi

I have had a rental property for 5 years,
I Have recently commenced subdivision permit process for the block.
I am currently building a new dwelling at the rear of the property that I plan to keep.
I am financially strained and want to sell the front, long existing dwelling.

I am wondering even though I have had the property for 5 years, if…[Read more]

Hi There

I know there is a lot more to this question, but I’m after a basic / quick understanding.

example – I buy an investment property for 200k
I sell the property years later for 300k
I claim the 50% discount (having owned the property for over 12 months)
I factor in the $28k of stamp duty b4 or after the 50% discount….
example – 100k…[Read more]

Hi
This question is inderictly about our investment property….

Were about to commence an action through VCAT
Bathroom tiling disaster which the tiling layer mucked up our bathroom through poor workmanship (permanently stained tiles between leaving grout on too long and using hydrochloric acid to remove grout residue).
The tile layer is blaming…[Read more]