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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 5, 2008 - 7:02 am

    Can someone out there help me I need a Property accountant in Brisbane Gold or Sunshine coast if anyone could recommend.

    I have a commercial building in a  trust…don’t know what type and wanting to buy more but I need someone who can help me set stuff up wisely
    Thanks
    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 5, 2008 - 6:57 am
    Qlds007 wrote:
    Sorry GOM missed your last post.

    Yes a DFT incurs Land Tax in Qld also.

    The following link may assist you in understanding more about the ATO audit of HDT's

    http://law.ato.gov.au/atolaw/view.htm?DocID=TPA/TA20083/NAT/ATO/00001

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 5, 2008 - 6:28 am
    Katies007 wrote:
    Hi
    Just need a little help .
    We have purchased an IP last year, and currently  putting around $200 pw towards it which covers mortgage, body corps rates and water, now i understand whatever we put towards it we can claim so much back at the end of the tax year but is it just a percentage of what we paid as i have read if you are in the 40 % tax bracket thats what you claim back but are some things not 100 % deductable, like rates, body corps water and just the mortgage based at 40 %, any advice on this would be great

    thanks

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 13, 2004 - 12:48 pm

    Thanks for the encouragement guys. I’ll let you know how I progress with my next venture.

    Good is the enemy of best!

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 12, 2004 - 1:34 pm

    Hey
    Just wondering if there is something wrong with me.
    I have only just started on this investment journey…but I started with a commercial property. Its leased for 10 years at three times my morgage payments…..Is this called beginners luck and I shouldnt be in the commercial game till I have gained experience with residential?????[confused2]

    Good is the enemy of best!

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 6, 2004 - 5:57 am

    Ok so if I bought a commmercial property for $150,000 and rent it for $600 a week does that give me a yield of 20% ?

    Good is the enemy of best!

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 6, 2004 - 4:57 am

    Hey I’m dumbo the new elephant
    Just starting to study this facinating occupation of investment property…could someone tell me what this yield is you are all talking about and how do you calculate it to know what percentage you will get when viewing a property????

    still very green [puke]

    Profile photo of Hot propertyHot property
    Participant
    @hot-property
    Join Date: 2004
    Post Count: 8
    July 6, 2004 - 4:40 am

    Yes I am all for that…..I missed out and am on a not looking too positive waiting list. Would love a conference day here in Brissy

Viewing 8 posts - 1 through 8 (of 8 total)