livewildcard replied to the topic Tax Depreciation in the forum Help Needed! 11 years, 10 months ago
Couple years ago I was under the same impression why claim depreciation if i have to pay it back.
Yes I was wrong. At the time I think it was just Capital Works that effected your CGT stuff. Think it has now changed to be all depreciation.
I had a good chat with the guys at BMT Depreciation about it and claiming depreciation and they set the…[Read more]
livewildcard replied to the topic Overseas property depreciation rules in the forum Overseas Deals 12 years, 2 months ago
Think its dependent on where the moneys being claimed is it offshore or is everything coming back to Aus etc. I think that makes a difference
livewildcard replied to the topic Non Disclosure on section 32 in the forum Legal & Accounting 12 years, 2 months ago
Can you literally build a bridge and get over it.
livewildcard replied to the topic high rise building construction cost in the forum Help Needed! 12 years, 3 months ago
http://www.bmtqs.com.au/ConstructionCostCalculator.aspx
Using this it gave me a cost of about $15.9m to $17.5mil using 8500 sqm and 8 or more level unit building with lift and basement car park.
You could call a few quantity surveyors I think they do estimate or construction estimates or something but obviously you would have to pay for this I…[Read more]
livewildcard replied to the topic Does saving work for you? in the forum Opinionated! 12 years, 3 months ago
I agree with Duckster. Online savings and the savings system there is really no incentive is there?
livewildcard replied to the topic TICA removal by agent not possible? in the forum General Property 12 years, 3 months ago
I think the comment does answer your question. The landlord needs to agree to notify TICA of any changes, not the property manager. The property manager more than likely could help by contacting landlord and arranging etc but chances are for the stuff they deal with every day probably couldnt give a rats about your issue.
livewildcard replied to the topic Adverse Possession – the “free” method in the forum Legal & Accounting 12 years, 3 months ago
Yes they show up, after 15 years you have been paying x y and z for everything then to be told bad luck not yours etc.
Seems a lot of energy and time with a small guarantee of success.
livewildcard replied to the topic Negative Geared Property killing us in the forum Help Needed! 12 years, 3 months ago
How much depreciation. $2k might not be the $15k your entitled to I think thats what people are asking. I have a a few properties that are around 3 years old some are $8k some are $35k per year roughly (see depreciation term doesnt help need figures).
I would estimate a unit that is only 2.5 years old should be getting at least $8-10k minimum surely!
livewildcard replied to the topic Adverse Possession – the “free” method in the forum Legal & Accounting 12 years, 3 months ago
Sounds like a lot of work for what if's
livewildcard replied to the topic Property Investing App in the forum Help Needed! 12 years, 3 months ago
Done some more research here are some links
Pricefinder Iphone: http://itunes.apple.com/au/app/pricefinder/id412545272?mt=8&ls=1
Princefinder Android https://play.google.com/store/apps/details?id=com.pricefinder.android
BMT Tax Calculator Iphone http://itunes.apple.com/au/app/bmt-tax-calc/id471823532?mt=8
BMT Tax Calculator…[Read more]
livewildcard replied to the topic Property Investing App in the forum Help Needed! 12 years, 3 months ago
Domains app is really good. I use it all the time whilst out and about see what is avaliable around the area it works well.
BMT's construction calculator app and depreciation app I keep to run some numbers by if I need too.
I also subscribe to Price Finder and their app is always really good to help check past sales, comparables etc when looking…[Read more]
livewildcard replied to the topic Setting up a Company for investing in the forum Help Needed! 12 years, 3 months ago
Personal vs company vs trust vs not investing vs headaches vs sleep time.
A fun merry go round it is.
livewildcard replied to the topic LAND AND BUILDING COSTS in the forum Commercial Property 12 years, 3 months ago
Yes number of ways to look at.
Rawlinsons construction handbook think its about $400 but may be able to source from somewhere and they may have online rate or something I havent checked
Construction calculators like Scott No Mates mentioned like http://www.bmtqs.com.au/ConstructionCostCalculator.aspx and if you are signed up to their mailing…[Read more]
livewildcard replied to the topic Negative Geared Property killing us in the forum Help Needed! 12 years, 3 months ago
Are you claiming depreciation? How much? Was it done properly could you be getting more I'd look at that as well.
livewildcard replied to the topic Removal of Depreciation in the forum Legal & Accounting 12 years, 3 months ago
Thanks guys for the insights be good to see what happens or if I can get a hold of this paper they are talking about to have a read what kind of proposals or changes are being made.
I heard today changing rates around for depreciation is now on the cards rather than abolishing it. For example a rate of a certain building will depreciate…[Read more]
livewildcard replied to the topic Removal of Depreciation in the forum Legal & Accounting 12 years, 3 months ago
Yes I agree these things always come and go when they realise what ramifications and recourse there would be.
There is such a shortage in housing and everyones trying to stimulate people buying/building houses then they go and make it even harder by removing some of the benefits of doing so.
Sure, if you can afford if before/after depreciation,…[Read more]
livewildcard replied to the topic New to the forum in the forum Did the very same thing 12 years, 3 months ago
Did the very same thing recently. Had a PPOR that was not really exactly where we wanted to live but hey, we got onto the ladder. We then moved into a newer home and started renting out the PPOR. I had completed heaps of renovations over the years we were there and didn't think anything of it until I had BMT Tax Depreciation come in and do a…[Read more]
livewildcard replied to the topic My Scenario selling? in the forum Help Needed! 12 years, 3 months ago
Sorry Freckle, Hunter, NSW (Newcastle)
livewildcard replied to the topic My Scenario selling? in the forum Help Needed! 12 years, 3 months ago
I think the right term is nothing tears friends family apart than shacking with them! Haha
No we didn't want to do that because of our dogs and kid < 6 month old.
If we found the right buyer to let us rent it back for a 6 month lease could be handy until the final place is built. Will definetly discuss this with the REA when we meet. Failing…[Read more]
livewildcard replied to the topic My Scenario selling? in the forum Help Needed! 12 years, 3 months ago
That is a possibility Santh, yes it could be hard trying to find the right buyer but it could work – I have a meeting with the real estate agent soon so may have to discuss what he thinks about this scenario.
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