Forum Replies Created
I LOVE PROPERTY
in fact i have in excess of 4mil tied up in property.
and only 20k in shares….so why the big deal on shares…
15 years ago i was too narrowly focused…..
property, property, property..
all bought in recession….cheap.having recently sold a penthouse in noosa,
and then doing the comparison figures between it and shares
(blue chip noosa…blue chip cba)
instead of having 1mil to invest today, i would have had 2so i’ve removed the blinkers…and read all sorts of forums…including property…and look at all sorts of advice..
a lot old, just a little wiser, i can now see the power in diversifyingwait a couple of weeks, and the only think left will be bones…no smell
hi DLhadden
thanks for the info
but, even thou the GST and FBT questions are important, i guess the big picture question would be…”what happens at the end?”
if the property is sold, rolling over into another business or super (probably super, at giddo stage in life)…..
where would he live?
remember his PPOR is now sold, and the money is captured within the company?
if he rolls the sale into super, at the age of 55 he has acess to the 1st 130k tax free, and then the remained is drip fed, tax free, at a min and max rate over a lifetime.
if he wants to withdraw above the set amounts, then tax is payable.or
if if its rolled over into another company…..what happens?
does it comes in as profit (to new company),then would 30% tax have to be paid ?
Is CGT tax bypassed completely , and instead, a 30% tax on profit?
then would the money stay within the company, until you can capatalize on the benefits from the franking tax …say when you retire?
Lastly…how do i buy another PPOR?thanks
3056
correct
TLS after 2 years lose -$104K on original $420k
sorry guys
i couldn’t believe 420k invested 2 yrs ago would make so much.
had to check again
and again….and yes here the FINAL figures
cba 2 years ago $30.59 today $43.88 420K invested today $602k
bhp 2 years ago $11.10 today $25.53 420k invested today $966Kseddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400kps if you have read the story’s in fin review on the world shortage on zinc…what would you think?
one of our zinc company is booming
take that 420K today..$2million (2 years)but sorry this is a property forum
flemington 5 years ago 253k today 395kyes..yes… i’m thinking long term….
ignore last one..(thats was 5 yrs)
cba 2 years ago $30.59 today $43.88 420K invested today $530k
bhp 2 years ago $11.10 today $25.53 420k invested today $851Kseddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400ksorry giddo
im just about to retire 55
so as one dummy to another we did similar things
didn’t quite put the PPOr in a company thou
so does that me a cleverer dummy?the clever one’s where the accountants and tax laywers that got us involved in all those schemes over the last 30 years
i’m just about to sell the business, and eventhou it was established pre CGT, my new accountants tell me
“there will be some taxes to pay………”what?
just give whats left….i’m going fishing……
terry
you threw that reD herring in“I have a residential property where I make the tenants pay all outgoings”
and now your backtracking
your not related to the PM are U?
dont answer that one…..
i know the answer…….I KNOW NOTHING
3056
cba 2 years ago $30.59 today $43.88 420K invested today $966k
bhp 2 years ago $11.10 today $25.53 420k invested today $600Kseddon 5 years ago 233K today 365K
west melb 5 years ago 381k today 400k3056
your right, soory, its a property forum…..
lets talk propertyyou buy 420k 10% deposit ..
taking into account Stamp duty on transfer of land:(victoria),Stamp duty on mortgage,Registration of transfer of land,  Title search,Registration of mortgage discharge,Loan application fee / package fee,Mortgage insurance,House insurance,Solicitor/Conveyancing fees,
then you have 2 years rent at $400/wk
less interest of 7% 2 years,
then you sell $470K, costs Real estate commission 3%(incl. 10% GST),Real estate agent’s advertising costs,Discharge of mortgage registration,Preparation of discharge of mortgage,Attending discharge of settlement,Solicitor/Conveyancing fees:
and lets not forget 2 years of land Rates and water rates
TOTAL LOSS -$60,000add back your depreciation and neg gear costs
thats pretty simple
spreedsheet available…..
Hi adriannqld
what a touching analysis of a predicament of life…..
wealth creation
over my lifetime i’ve worked with some of the wealthiest people in this country…..
there are some sad lonely stories there“the essence of happiness” by the dalai lama….
not in Powerpoint form..sorry…
but might help in “get them thinking but they need to take the next step”ps…that prosche is nice for the first week…after that it just another piece of metal sitting there….beside the lamborgini
go camber….
entrepreneurs at work…no different from the one’s using this forum
maybe just not as palpableand DrX
Sounds like an attractive offer to me, I think I’ll book my tickets to Africa and go and do business with this guy!
I think maybe fix SA first…..
“Our retail sales are the worst performing of any state or territory in Australia and what it’s showing to us is that the massive amount of revenue and taxes that are being taken out of people’s pockets in South Australia by the State Government means that there’s so little money being left for retail sales and economic and jobs growth in South Australia,”
i don’t wont to say it…but does Banana republic sound familiardeleted – no value
these “baby boomers” just don’t want to DIE
angel007..thats easy
Its just declaring it. ….there lies your problem
do the right thing…the banks say WOW look at that income
and “ding”…….. penthouse in Noosa
it worked for me
What
run that past me again
you paid 420k in 2003 and you’d be happy with 470k now
crazy….assuming for last 2 years you be getting 400/wk rent you’ve lost $16,000 no rent minus $30k LOST without adding CPI
if you bought shares in just 1 year you’d be up $162K
forgive them lord…they know not what they do
they hang onto any word that breathes a positive sign…..p.s. CPI was close to 3%
that makes real returns 2%….
but wait… its looking good in 2018/2010..hang in
p.p.s. just a hint guys
if real wages have gone up 14% in the last 10 years (according to the PM whos now trying to restrain your wages with IR) and property prices have gone up 100% over same period…do you think property prices are going to keep growth?????
read the budget…boring i know….but it tells you where the country’s going…not just your street in brunswick
then you might question some of the decision made on the spending, using your taxesthis government carn’t afford for property to go…..
unless we have REAL growth in industry, this country’s stuff
wake up…properties in for the long haulcata…..you hit the nerve…
as soon as i notice those words “tax free”….i got that tingly feely
but shouldn’t we share this with everybody on this forum
or do you prefer to keep it intimate
well done Cata
i think your onto something here
bugger this property investment stuffjust reading their web page gives me a real tingly feeling all over
especially the bit about
Most of the managed funds we use are classed as offshore funds. This means that they are predominantly located in tax havensand don’t we all like a good tax haven
image that your money going of shore into a managed fund run in a tax haven country…..
keep me informed…..
go cata
terry
i like a man who walks on the wild side
having a naive tennant is a wonderful thing…
but say they did wake up to it one day…..
you know…those conversations around the barbie….
and you ended up being sued…would they then be reimbursed for all the money collected?
and would the court inpose any penalties?Giddo
If your close to retirement the company owning the PPOR can be beneficial…
But generelly its a Dumb idea..
i’ll let the expert / guru Ed Chan
explain
“We never purchase a property in a company because when you come to sell the property you miss out on the 50% exemption for capital gains tax and also if the property was negatively geared the losses would also be trapped inside a Company.”There’s a spreedsheet floating around that shows the result (PROFITS) obtained holding a asset as an Individual, A Company, A Fixed Trust and a Non Fixed Trust..
and guess who came our the winner….and who’s gonna be a bigger winner, when the new tax rate comes in july1 2006
