Does anyone else have the kids cashflow game that they would like to sell or recycle?

Thanks for the feedback – In the meantime I have made an appointment with an accountant recommended to me.Andy thanks for your link – had a look at the website – I particulary liked the page that said they offered advice on what is deductable / depreciable before renovating a rental property.   – would have been so handy to have them as my acc…[Read more]

Hi EricWe also thought that we were ineligible until a co worker questioned me / assumed we would get it as we are in the same profession / similar salaries. Even after this I thought our income was too high for 2010/11 financial year but I recently put the claim in (which is easily done online) and we received $1900 in arrears payments – we have…[Read more]

Hi eric – didnt mean to hijack your thread.

Hi TerryYes we have that option as well. We are renovating the IP we are considering selling and it should be finished in 6 weeks – I hope. Plasterers are finishing this week. It depends what the numbers come out at.  We purchased for 130k in 2004.Will spend 80k on reno – needed restump, rewire, starightening, plaster, the works so basically new i…[Read more]

Hi EricWe are in a similar situation I think. Wife has taken two years family leave. We have 2 IPs.  we currently receive some FTB A & B and childcare benefit.Our IP's are 50/50 and currently we have a loss of 5k each per year.  My taxable income was reduced by 5k (80-5 =75k) but when it came to assessing my family benefit the gov add that loss t…[Read more]