Hi, Don’t normally post here now because of the Green words but battleships contacted me. The following is an article I wrote when Hart’s case was decided. It is a bit wordy but worth the read.

From Booklet: Rental Properties, Claimable Loans, Real Estate Agents
Hart’s Case Decided for the ATO – Linked Split Loans
NewsFlash Issue: 82
By: Ju…[Read more]

Betterbiz,
You may have the right idea as I believe it can be a problem when the ATO and practitioners have the same professional body. But then some ATO staff are CAs so the whole thing needs re alining.

Bwendan,
Thanks for the information. I have sent it to the CPAs and asked why.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

What a load of crock Yack,
The reason that vote on merging was taken 5 to 10 yeas ago was because for several year before that the CPAs had had just as stringent membership requirements and training. Yet the CAs some how still thought they were better so voted against the merger. That is all history now and the CPAs are still the major…[Read more]

Brownegaz

Have a look at the rental property salary sacrifice kit at http://www.bantacs.com.au

Julia

Skidaveski,
Have a look at Beachmere, same shire, better beach, closer to Brisbane, School, shops, reastaurants, club, buses. Yet still small commuity 10 minutes from Caboolture. I know of a large block quiet street yet heart of town and accross the road from waterfront properties only $300,000.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

Thanks Jo and Oldtimer,

Yes I had a look around Somersoft last night.

Thanks for the encouragement.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

Steve,
Thanks for your reply but I don’t quiet understand. This template? How do I remove it from my posts? Please keep it simple my mind has nothing left after dealing with tax law. How do I remove the green words from my posts.

Julia

Steve,
The first time I read a post with the green words I assumed the person who wrote the post made the links. I do not want people assuming that with my post as it then appears that I endorse your products. Just as I’m sure you don’t want to be liable for anything I write in forum I don’t want to put my name to anything you are trying to…[Read more]

Clint,
Its revenue, plant and equipment are no longer subject to capital gains tax.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

It is the ongoing cost of running a smsf that I am talking about. If you use a public fund you will be charged an annual administration fee of between 1 and 2% of the amount invested. If you have your own fund your fixed costs will be between $1,500 to $2,000 per year.
If you have $150,000 in super you are going to pay between $1,500 and $3,000…[Read more]

Big A
Please excuse the strange spelling on some words but I am trying to avoid the green words so any relevant words I will mixed up the last two or three letters. Sorry but I refuse to have my posts look like I am advertising Steevs work.

You borrwo againsts the equiyt in your hoem then lend it to your truts

You have to pay GST on any…[Read more]

I particularly do not like the green words because it makes it look like I recommend the product. I think it is very unethical of Steve to edit my posts in such a way.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

Michael C

This rollover relief only applies in America. Robert Kiysaki talks and writes about it but it does not apply in Australia, he is from the US. In special cases such as compulsory acquisition rollover is allowed otherwise it is only available to active assets of a business and it specifically excludes assets that have been used to…[Read more]

Michael C
You can roll over other super into your own SMSF. From 1st July, 2005 you will be able to specify which super fund your employer pays into. Careful having your own SMSF as the running costs don’t really make it worth it unless you have over $150,000 to invest.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

PS How about…[Read more]

Michael C
You can roll over other super into your own SMSF. From 1st July, 2005 you will be able to specify which super fund your employer pays into. Careful having your own SMSF as the running costs don’t really make it worth it unless you have over $150,000 to invest.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

To All,

It is not normally a strategy I recommend because it is so costly to set up but a superfund can enter into a joint venture and the other party borrow money. You have to make sure that any property owned directly by the super fund is not used as security but this is possible within a joint venture. Peter Kane at Maroochydore does the…[Read more]

Wayne,
Your cost base is made up of buying costs such as stamp duty and selling costs such as commission plus holding costs such as rates. Travel costs cannot be included in any of these.
The capital gain is the difference between the selling price and the cost base. You can deduct from this any capital losses on other assets then half it for the…[Read more]

Michael,
I have a booklet on buying a business on my web site http://www.bantacs.com.au under free publications.

Julia Hartman
julia@bantacs.com.au
http://www.bantacs.com.au

Please remove the green words from my post as I do not want it to look like I recommend the product it links to.

What is going on with these green words linking to other pages. I object to my posts being altered in this way as it appears I recommend the link! Please remove the links or remove my post.

Julia