maxipes76 replied to the topic At what point do you re-value after reno? in the forum Value Adding 13 years, 9 months ago
Hi there, you have a few options. You can find a valuer as Edward-L mentioned, but you can also get it done for free by another bank/financial institution. Just to give an idea, let's say you have your current loan with anz. They initially did their valuation on your property before they gave you the loan. After you did your reno and if they sort…[Read more]
maxipes76 replied to the topic USA Investing -My Opinion Only in the forum Hi guys, a friend of mine 13 years, 9 months ago
Hi guys, a friend of mine both a property in Las Vegas last year for 1/3 of the price from previous year. I suppose two easy ways to do it is to have cash ready or borrow against your property here in OZ and you the cash to purchase a property there.If you have SSN – social sec number, good b/c you will need it when you do your tax return in US…[Read more]
maxipes76 replied to the topic Depreciation Schedule in the forum Legal & Accounting 13 years, 9 months ago
Hi Neil,Last FY I organized a depreciation schedule for my IP and claimed the first year on my tax return.This financial year I did a large renovation, replacing kitchen, bathroom, floors, doors etc. I wonder what do I do with the old depr schedule? Do I write off the whole balance of this schedule in this FY tax return and prepare a new…[Read more]