hugoismydog replied to the topic Gift or Loan from Parents in the forum Legal & Accounting 9 years, 5 months ago
Hi Terry,
Thanks again for reassuring me.
hugoismydog replied to the topic Gift or Loan from Parents in the forum Legal & Accounting 9 years, 5 months ago
Hi Terry,
Thanks for that. So any amount of gifts even over $1 million will not be taxable from overseas?
Just to confirm again.
hugoismydog started the topic Gift or Loan from Parents in the forum Legal & Accounting 9 years, 5 months ago
Hi all,
We need advise. My parents would like to gift us a 6 digit sum from overseas to pay off our mortgage.
I know that the ATO would be unto it if it comes from overseas in that amount.
1. Would it be best to declare it as a gift or loan from parents to avoid tax?
2. What is the max amount that will trigger ATO to see the amount as…[Read more]
hugoismydog started the topic Need recommendation – Melbourne Accountants specialises in investment properties in the forum Legal & Accounting 10 years, 8 months ago
Hi guys,
Need recommendation of good accountants in melbourne area please..South east suburbs are fine too
Thanks. Good & reliable ones
hugoismydog replied to the topic Best financial structure for a single person developer in the forum Creative Investing 11 years, 9 months ago
Income current @80 k over
hugoismydog replied to the topic Best financial structure for a single person developer in the forum Creative Investing 11 years, 9 months ago
No family at all under 18. I'm nt married w no children and nt planning to have.
Are you suggesting tat setting up a small med business is best for the future?
hugoismydog replied to the topic Living in a half own investment property. How does this work in terms of tax reduction? in the forum Legal & Accounting 11 years, 9 months ago
Terry -sis is nt goin to stay.
Cgt is only less wen the owner of the property has stayed there for how long? Do we both need to stay there?
most likely we will rent it out n sell it for CG
Tq all
hugoismydog replied to the topic Living in a half own investment property. How does this work in terms of tax reduction? in the forum Legal & Accounting 11 years, 9 months ago
Hi Johann,
So are you saying that its better I just live in it and not pay rental to my sis. & when I sell it I don't need to pay cgt??
Is that correct?
hugoismydog replied to the topic Architect as developer in the forum Creative Investing 11 years, 9 months ago
hi guys,
Thanks for your experience.
Ballerina,
I really want to start but don't know where to ? Did you acquire a land / property under private name or company & develop under that company? Then do you run your own architectural firm?
Thanks for your help. I would love to ask more in depth questions if you don't mind emailing me on…[Read more]
hugoismydog replied to the topic Architect as developer in the forum Creative Investing 11 years, 9 months ago
Thanks. So are you saying you charge yourself a professional fee for the services?
I am an architect who is interested to buy a property & redevelop it to more units to sell off. I am just not sure of the process & whether it will get complicated down the line with finance etc.
Any advice or experience would be much appreciated.
Thanks.
hugoismydog replied to the topic Solar on Investment Property in the forum General Property 13 years, 5 months ago
Hey Mr for the response.But I plan to rent out the rooms with the rent inclusive of electricity.