DavidC replied to the topic Should we set up a trust? in the forum The Treasure Chest 21 years, 2 months ago
Obviously you should only consider setting up a trust if you are investing in postively geared properties.
IMO, at this stage you may be better off just purchasing properties in your own name as it appear you are earning a minimal amount of income at the moment and the next couple of years.
Once you have a couple of properties you may then…[Read more]
DavidC replied to the topic Land Tax and Negative Gearing Property in the forum The Treasure Chest 21 years, 2 months ago
In my opinion most property investors would be aware of land tax, as it is a tax which comes hand in hand with property investing.
Unfortunately there in no real away of avoiding land tax. Hopefully (realistically I’m dreaming) the state governments may reduce the rate of land tax as they are reaping heaps from the increase of land prices.
Don’t…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum The Treasure Chest 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you were investing in commercial property then you would certainly need to apply for ABN as commercial property is an GST…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum The Treasure Chest 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you were investing in commercial property then you would certainly need to apply for ABN as commerical property is an GST…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum The Treasure Chest 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you were investing in commercial property then you would certainly need to apply for ABN as commerical property is an GST…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum The Treasure Chest 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you wereinvesting in commercial property then you would certainly need to apply for ABN as commerical property is an GST…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum No Subject 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you were investing in commercial property then you would certainly need to apply for ABN as commerical property is an GST…[Read more]
DavidC replied to the topic How much does it COST to get an A.B.N.???? in the forum The Treasure Chest 21 years, 2 months ago
In order to apply for an ABN, you must be running an enterprise (business). I would doubt whether you would be able to legally get an ABN is you were simply investing in residental property as these are inputed tax supplies. If you were investing in commerical property then you would certainly need to apply for ABN as commerical property is an GST…[Read more]