Originally posted by nzdream:
There are a lot of benefits of investing in NZ (no capital gains tax
But as an Australian resident you’ll normally pay CGT in Australia on gains made in NZ.

And NZ losses are quarantined there. By my understanding you can’t offset them against other Australian income or capital gains.

GP

Kaiah,

Also beware of those free seminars. Many are just disguised attempts to flog over-priced OTP real estate.

If the seminar gets you all hyped up with ideas of 100% returns a year and no tax, keep your hands in your pockets until you’ve had a chance to cool down and check out the claims in more detail. []

GP

Originally posted by kay henry:
As I’ve said- give me a 15k tax return, rather than a $10 week profit anyday
Why?

Tax refunds imply overall losses. I’d have thought making a profit would have to be better than reducing a loss, ignoring possible CG aspects.

GP

Originally posted by Gatsby:
I don’t know anyone in this game who would take a lesser commission to buy you a ‘cheaper’ property if they could earn more commission on a more expensive property.
I’m not an agent, but I think that might be a big “if”.

From what I’ve seen written, turnover is more important to an agent than individual commissions,…[Read more]

While not spiritual, a book I liked that hasn’t been mentioned is Dale Carnegie’s “How To Win Friends And Influence People”.

Some of the biography style books by successful business people can be interesting too. I read one by Lee Iacocca (the man who turned Chrysler Motors around from near bankruptcy) which was good. It wasn’t his autobiography,…[Read more]

Razor Ray,

Dale’s book “Trust Magic” is worthwhile. You can read about it here:

http://www.gatherumgoss.com

I also found Nick Renton’s book on trusts good. The latest edition has only recently been released.

GP

Thanks Kay. I’ll pass the link on to him.

Cheers,
GP

Originally posted by Pelicaninvestments:
the MIAA website
Thanks for the link. I’ll tell him to take a look.

Cheers,
GP

Start a new hobby, to add to all the ones I don’t have time for already. [biggrin]

GP

Look on Somersoft in the Meeting Point forum, the thread titled “Sydney Cashflow game – 24/07/2004”. I see there’s also a Canberra one mentioned.

http://www.somersoft.com

Never played it myself, just seen the threads.

GP

The Sopranos and Dr Who reruns.

They’re the only two things I really watch on TV these days, except for a bit of news and the occasional Enough Rope with Andrew Denton.

GP

Originally posted by melbear:
the ATO won’t let you ‘negatively gear’ the house you live in thru owning it via a unit trust
Thanks, Mel. I assume that also means via an HDT?

GP

Originally posted by Terryw:
you cannot do this under a unit trust.
What’s the problem with that? Won’t the tax office let you deduct the interest?

GP

Regarding investing in NZ, visit the PropertyTalk forum http://www.propertytalk.co.nz

GP

Originally posted by kay henry:
There are also some regular somersoft sydney members who meet up. You could check somersoft.com to see when their next meeting time is.
Last night.

And again later this month to play the cashflow game (can’t remember the exact date).

GP

Originally posted by Celco:
Just wondering if anyone has had a fibro home re-done in weather board?
Never had one done, but have you looked at alternative claddings like Permalum?

GP

Originally posted by Nathan_b:
just wondering what everyone on this site does for a living
Take a look at the “What are your occupations” thread down in Forum Frolic.

GP

You might like to read this:

http://realtytimes.com/rtapages/20040624_perfectstorm.htm

It has a passing mention of Las Vegas.

GP

Muppet,

Originally posted by muppet:
there is a better live style in the south
Why do you say that?

GP

Originally posted by cajun:
only assets at this time are shares which I understand I have to distribute the dividends regardless, albeit a “book entry” only

I assume you mean the shares are in the trust, not the company. Based on my understanding, a trust must distribute all profits each year otherwise the trust will get taxed at the top marginal…[Read more]