Bedsitters are not the best investment for most, BUT if you have something like this near a uni campus, it might be ok, depends really doesnt it?

” a blind man may see what a sighted man may not”

and dont you feel good after when you look at the finished product

” a blind man may see what a sighted man may not”

This relates to everything, not just RE
Not technical, or are they?

1) don’t believe everything you read
2) but read the fine print
3) if in doubt – don’t
4) but don’t cry over spilt milk!(or he who hesitates is lost)
5) do what you want for you, not for others
6) if you have a partner, make sure you are both on the same playing field, helps to…[Read more]

Hi Sis, life throws us some tough deals at times

I can say I have been focused and then ooops derailed! Got back on track (pardon the pun!)

Personally, when it comes to family, my goals are insignificant. Time will come again and I beleive in fate, that is, if its meant to be….

We can rationalise all we want though.

I think there are…[Read more]

I have given this answer a number of times myself. so not going to repeat it LOL

you know ‘you’ dont have to own a property to know what you are talking about. Maybe ‘you’ studied accountancy and have all the answers- I wish

owning property in others words gives you no more credance than the guy on the street you might think is a bench…[Read more]

Terry- wouldnt be home loans would it?

Chan_ does that mean you buy and sell shares using other peoples money?- sitting in front of a computer all day buying and selling, shares/options

DO you mean cash? or are you saying over a period of time because:
If you have a rental property and it gives you a positive return and you combine that with…[Read more]

Shar

Everyones circumstances are different and you would need to discuss this with an accountant, with your long term plans too.

My own accountant, asked me why i wanted a trust? I asked about asset protection and other things. He said protect from who? Protect from what?

He said not to bother, for ME, the cost of setting up, and operating and…[Read more]

The ATO do run audits
They do target certain sectors of the community.
They are cracking down on certain measures involving “tax minimisation”

Tax avoidance, tax minimisation, tax min schemes – one is illegal, one is immoral, one is likely to be shut down. The tax office is very much against dodgy schemes that offer lucrative tax offsets. ANd the…[Read more]

what chan? no lullabys?

Oh I recall years fo standing and rocking, driving for hours in a car, zombie mode for the rest of the day….
a time I er sadly miss…..lol

” a blind man may see what a sighted man may not”

RIP? got death insurance? lol might cover it

” a blind man may see what a sighted man may not”

watch for those that are consider capital improvements as a property owner.

Separation of assets: eg house built onto vacant land result is combined asset.

It is separated. If bought before 85 and improved, the improvements are CGT. After 19/9/85 an indexed cost exceeding 50k and on disposal of the asset the indexed cost exceeds 5% of…[Read more]

very crappy

” a blind man may see what a sighted man may not”

CGT -capital gains tax

risk profiles: not Acron…but found at Proquest:www.risk-profiling.com

” a blind man may see what a sighted man may not”

Old but not new

As a kid we used to find the refund bottles at 5cents a pop!

I used to do errands to earn a penny or two, consider an icepop/water-ice was 2 penny, Iw as doing well!

Mum used to make treacle toffee and stuff for bonfire night (yes I am from UK) We used to sell it.

As kids we made a guy for a bonfire and raised funds.

Mum and I…[Read more]

Acey: I learned a logn time ago that cat flu is serious and if you are a breeder, scary!

Chan, I have no therories really, but it makes you think- environmental? developmental, genetics..oh thats another topic!

This week I learnt, I am too old for exams, the brain cells are dying!

Friends: true friends are like diamonds,
precious and rare
bad…[Read more]

My notes:

Can cgt be deferred?

yes in certain circumstances it is called a roll over.
Business reorganisation where beneficial ownership is maintained
The xfer of assets between spouses in family court order
Involuntary disposals such as compulsory acquisition , theft or destruction’
Death
From 10 dec 99 certain investments in companies and t…[Read more]

I too am not qualified but here goes and I posted this on another topic earlier this evening,

Capital gains tax can be deferred in some instances. Business, death, theft or loss/destruction etc see accoutant
Gains is applicaable in year of gain and tax income year.
Capital gains offset with Capital losses.

elves

” a blind man may see what a…[Read more]

Ok I agree with so much that has been said on all counts.

Firstly, if the land was bought after 1985, yes CGT (or acquired)

if the land has no loan or mortgage and it belongs to you, yes you have an asset, that asset is not income producing, and therfore has no tax benefits, but it may have CGT liabilities upon disposal. It is a liability in…[Read more]

it isnt necessarily about doing anyone out of business or being negative, or whatever,

If you ask the members here, you can take it and run with the advice or disregard it, that is your choice. We all have opinions.

Many investors on here, may not have been burtn, but may have seen others burtn by mobs, or compnaies or the odd individual that…[Read more]

Hi

I sprout a few times on here about risk profiles
it sounds to me as though your husband really is a conservative invstor. By this i mean newer, might prefer cash to being so risky and in debt…
you are more agressive, but not in terms of being a real agressive investor as property can be both growth and income equity, if you only look to…[Read more]