keith0109 replied to the topic advise/mentoring needed in the forum Help Needed! 16 years, 1 month ago
Hi Kev2008I reside in Sydney and now own 4 properties. Feel free to drop me an email if you have any questions [email protected].Have you read a book "Retire Young Retire Rich" from Rich Dad Poor Dad series. I strongly recommend if you have not yet done so. Getting rich starts from your mind "Leverage of mind". And keep on reading pro…[Read more]
keith0109 replied to the topic Property Investors Trust Deed ??? in the forum Legal & Accounting 16 years, 1 month ago
Hi allYes you should ensure that you submit all facts to ATO and you should run the process with your accountant. The ATO dislikes those creative instruments and ATO has many means to deny interest deductions thru e.g. applying Part IVA arguments (meaning if the main purpose of setting up the arrangement was to obtain tax benefits). Even if you…[Read more]
keith0109 replied to the topic CGT on PPoR in the forum Legal & Accounting 17 years, 7 months ago
Dear MartinThis is my first comment on the forum. To answer your question, there are many main residence CGT exemption that you may be able to claim. To name a few:1. You can claim main residence exemption if you are changing main residences – a taxpayer can have concurrent exemption for two dwellings up to 6 months. However the main re…[Read more]