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GladstonePropertySolutions

  • There is Depreciation  (of fixtures and fittings) and then there is Special Building Write Off (write off of the cost of construction or the building itself). Whether there are claims to be made for either depends on the age of the house. The treatment of both is different as far as what happens on sale of the house.Depreciation – fixtures and f…[Read more]

  • GladstonePropertySolutions replied to the topic investing in smaller towns near Gladstone in the forum General Property 13 years, 5 months ago

    Hi Tommo,I work in Gladstone and live at Tannum Sands. Gladstone, Tannum and Calliope are different property markets but feel most/all of the effects of the growth in Gladstone.Calliope market initially grew due to locals moving out from Gladstone due to price, but also for more of a country feel and bigger blocks as Gladstone grew. Now Calliope…[Read more]

  • GladstonePropertySolutions replied to the topic Why negative gearing? in the forum Legal & Accounting 13 years, 5 months ago

    No sure if someone has covered this …..Some expenses that can be claimed against a property do not actually effect your cashflow. Things such as depreciation and building write off are tax deductions and can result in your property being 'negatively geared' while cashflow wise, you may not need to be actually dipping into your pocket. Negative…[Read more]

  • Hi,I'm a Buyers Agent in Gladstone.Google CQ Major Projects Status Report and it will show you every project in the Central Queensland region, budgets for these projects and where they are all up too. It is updated every quarter I beleive. Needless to say there is an enormous amount of projects going on in the region.Cheers,Craig

  • GladstonePropertySolutions replied to the topic New IP Purchase Stucture in the forum Legal & Accounting 13 years, 6 months ago

    Petria,Deciding on a structure is very specific to your personal situation and specific to each individual property deal. It is not a one size fits all for everybody, and even may be different for the same person from deal to deal.When deciding a structure, you have to put together your best guess of what will happen during the life of your…[Read more]

  • GladstonePropertySolutions replied to the topic New IP Purchase Stucture in the forum Legal & Accounting 13 years, 6 months ago

    The land will also need to be transferring at market value to the trust, so you may be up for some significant cgt on the sale of the land as well as the stamp duty. If you are simply going to transfer the land into the trust and then sell it, there is no benefit in transferring it thru to the trust as it will have just been transferred in at…[Read more]

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