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Viewing 6 posts - 1 through 6 (of 6 total)

Jilly
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@jilly
Join Date: 2008
Post Count: 8
October 14, 2008 - 12:08 pm
Thanks for your comments, I think I will just sticky beak at a few auctions and see what happens…
Jilly
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@jilly
Join Date: 2008
Post Count: 8
September 25, 2008 - 12:40 pm
Hi Cat159, thanks for your reply. We saw our accountant today and asked about this he said no way! Are your properties set up as Joint Tennancy or a Trust? Just wondering how they get about splitting income/expenses at different ratios.
Cheers
Jilly
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@jilly
Join Date: 2008
Post Count: 8
September 23, 2008 - 2:48 pm
He is employee, so no chance. Will be seeking financial advice on Thursday – see how we go…
Jilly
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@jilly
Join Date: 2008
Post Count: 8
September 23, 2008 - 2:09 pm
How would he be able to split his income to myself other than sal sacrifice super?
Jilly
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@jilly
Join Date: 2008
Post Count: 8
September 23, 2008 - 1:17 pm
Thanks for your storey Duckster, I am so glad I cancelled my family payments as I did not know that a negatively geared property was classed as income?? That would have been another blow…
I am now looking into transferring part of my share to husband, will have to pay the stamp duty – which I guess will only be a % of my 50%? Worth looking into as negative gear property for husband to reduce taxable income is advantageous and we are hopeful the capital growth long term will pay off.
Not as dazed and confused as earlier Jilly
Jilly
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@jilly
Join Date: 2008
Post Count: 8
September 21, 2008 - 9:24 pm
Thanks for your replies, I thought not. I guess my next step is to find out if individuals can carry a loss to next financial year?
We have made a lot of mistakes with this property which is making us afraid to try again, I'm not sure if we should cut our losses and sell and start a fresh or ride this out as I believe the capital growth long term could be good??
Jilly