Thanks for your kind reply Sunshine []

Maybe what i can do is to renovate a house, then increase the rent, then i can just wait for a year before i can sell it. So that way, tax wont be much of a pain. Although the down point is that i have to make payments to the bank for a year. This will only be good if it was positively geared.
[8]
I still…[Read more]

anyone there? hehehe []

Hi Guys!

Thanks for the responses. In regards to the example, its in this url

https://www.propertyinvesting.com/strategies/renovations

Now in that topic, they said they made a profit of $11,678 .

IT all sounds good until you actually deduct it off with the dreaded TAX [}]

So it looks like the couple actualy made a loss cause the stamp duty…[Read more]

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Aww, no replies..anyway, if anyone can answer these questions, it will surely be appreciated. []

1. Is there capital gains tax in Queensland? []

2. Would replacing the whole kitchen be under cosmetic renovations? []

3. Would renovation costs be deductible when calculating capital gains? [|)]

4. In the renovation sample in this site, why do…[Read more]

Ey Tracey Lee,

Did u have any experience in renovations?? If u did, tell me briefly how u got it workin..

thanks,
Glenn

Thanks for the reply Powmow.

After a hard research, i found some potential suburbs to look into. The real trick for making a succesful renovation is when you buy the property after doing a lot of research.(it must be a great deal) Another thing is to KEEP TO YOUR BUDGET. So many people end up spending more which in return becomes over…[Read more]