The ATO aren’t trying to crack down on claims, they are looking at the actual structure of investments and businesses. If you invest in property via a company/trust set-up they are looking to ensure you are actually a business. If not your structure will be null and void, irrespective of how good your records are.
Guess what ATO is government and most politics use company/trust structure, therefore they are auditing themself…..I wouldn’t be concern…..
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
The idea of buying +ve cashflow properties is to make money and I am sure you know that to make money there’s alway risk and in this case the risk of no tenant ie. turn +ve to -ve cash flow property. But that’s is part of the investing process.
For me I like to buy +ve cash flow property (PCFP) where there is a chance of capital gain (…prediction with due diligence and market researches)….
If I do buy -ve cash flow property (NCFP) then I will choose the area of where there’s more chance of CG than PCFP.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
Can someone advise me of the normal arrangements in regard to who pays WHAT outgoings in relation to a commercial property. My understanding is that the tenant pays all outgoings, including lease preparation costs, but excluding some repairs.
I would appreciate some clarification please.
Cheers
Punter
It is base on the negotiation in the leasing contract. If you negotiate for tenant to pay for everything except interest on loan then put everything in the leasing contract….no evidence….useless…
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
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