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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    June 2, 2016 - 3:55 pm

    It was by far the best conference I attended. Very informative, engaging, enlighting and emboldening. Covered broadly every aspect of property investing. All speakers were very friendly and knowledgable. Will def prescribe to others attending future events

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    June 10, 2012 - 2:48 pm

    Thanks Jamie and Michael.

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    June 9, 2012 - 10:56 am

    Thanks Jamie

    I assume you mean Wagga Wagga? is that right?

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    May 23, 2012 - 12:56 pm

    Hi All

    My name is Deepak and I am pretty new to the forum (joined about 2 months ago). Its been a great find for me in terms of learning form the other members and I quite like the idea of putting your thoughts out there for discussion knowing there are some experts on this forum who can provide their valuable insights on the topics. Very appreciative of their work.

    I am thinking of buying my first ever IP in the near future. (provided all goes well)

    Hope you all have a great day.

    Cheers
    Deepak

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    May 22, 2012 - 8:07 am

    thank you guys. appreciate your opinions and sure understand the key to be successful in the project is planing and time management. need to sit down and analyse all the work involved carefully before i commit.

    Once again, thank you guys

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    May 21, 2012 - 10:53 pm

    Thanks Josh. will do

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    April 27, 2012 - 12:15 pm

    Hi Derek

    A fair point that ATO runs a test to determine normal behaviour. question is: when and what triggers them to run this test. Surely, people can get away with it initially for the first 2-3-4 times before ATO is able to determine a pattern of abnormal activity but when discovered ATO will say “you do this next time, we will tax you”. so there is some process @ ATO which flags this activity to them. Now, we all know ATO will do all in its power to tax people as much as it can but in saying does it mean that ATO has the power to overrule law in some cases.

    100% agreed that its very much impossible to build and sell every 12 months. i put up my comments for argument sake only.

    will check with an accountant and let you all know.

    Thanks guys

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    April 26, 2012 - 11:52 am

    Thanks BlackHotel

    And that’s exactly why asked this question. by living in the property for 12 months, you comply with the law and become CGT exempted. I remember one of the accountant in the past saying “you can’t do this year in year out as ATO will view this as a business”. but i am not convinced that this is the case. what criteria does ATO uses to determine that its a business when the law says you can do this. However, I will be checking this with 2-3 more accountant to see what they think.

    Profile photo of deepak6574deepak6574
    Participant
    @deepak6574
    Join Date: 2012
    Post Count: 14
    April 26, 2012 - 10:45 am

    Thanks guys. will certainly check with the accountant and post a reply here.
    Again, thanks for your responses

Viewing 9 posts - 1 through 9 (of 9 total)