thanks Bren. It makes me wonder though: why would it be more expensive in Melb? Just a higher mark up for profit? Or not as accessible as Central vic?

Sorry, but you didnt even answer one question.

 I believe the "secret" is to claim your "INTENTIONS" are to keep/rent the properties, not sell them. That should help.

Bear in mind guys we are not comparing “apples with apples” when comparing H&R block with fully qual’d accountants. I had a (1 & only) experience with the “just-out-of-accounting-school” H&R mob: the 20-or-so-ish year old had absolutely no idea about investing, terminology, tax strategies & didnt even know what full entitlements & deductions a…[Read more]

Also make sure the person you borrow off then claims any interest earned off you as income. Or the big bad tax man might get you[fear]

I wonder…..if you can add ” or nominee”, would that mean you could on-sell it before settlement to anyone??
I am thinking this may be a great way to avoid a double stamp duty if you can quickly find a new buyer (eg as in a flip, or rejuv job)

I am even more confused now! [confused2]
I have had many conflicting opinions on this. Someone just told me they heard it is a legal req’ment deposits be held in agents trust, but that now interest goes to Gov’t!!
Also, the agent tells me by using a “section 27” I can access the full deposit, as the buyer has agreed to it. Does anyone know…[Read more]

What area/ state?
There may be some in the forum (even myself) that may be interested in “hunting” for you for a spotters fee

Cool suggestion![suave]

nothing to do with your question…but just have to say “hear ye! Hear ye!” to your comments Stuart on what “should” happen to a lowly thief. Had a good ol’ laugh at that.[biggrin] Although I dont think too many thieves would live to actually get to court, if they were caught…..[biggrin]

Here’s my contribution to plumbing stories:
1) Young plumber turns up.I question if he needs to be shown where the water mains are,he says “No need.Wont need to turn it off”. I thought this very odd,considering he was installing a new loo.But,stupidly figured he being the tradie,he would know best.Next I hear the horrible sound of gushing water, &…[Read more]

Thanks so much for such an informative reply!Much appreciated.

I would be keen on being kept informed if anything comes of this idea,pls.

I wonder what the blood sucking leaches would do if you (owner of property they are sqatting in) just moved in with them, became more obnoxious than them, ate their food, used their power,water etc? Do you reckon they’d move out willingly then?[biggrin]

Excuse my ignorance…but what are “Grey nomads”?
Sounds like a gang? In which case i bet the locals would have ’em booted out in a flash!
i agree that the council would be the 1st port of call. See what regulations they will need you to comply with.Probably water,sewerage (or septic) & at least “temporary accommodation” reg’s. Good luck.

Thanks 4 all the comments. i contacted ATO. Bunch of ….. Told by 1 lady I had to send in for a private ruling! (Which seems to mean “I dont know,& cant be bothered to find someone that can help you”. The big “hand-ball”)
I told her last time they told me to write in for a private ruling,they took 30 days to respond,then asked for more bloody…[Read more]

thanks Paul. I gather by the lack of response to this post that it is unusual, & people jsut dont know the answer.So I think I’d best confirm with a wrap-specialist accountant before stepping in.

So what happens then if the wrap property is used as investment prop (ie; rented out) by wrappee?
Would that then give the wrappee the rights to claim expenses & depreciation???

Yes, i have a property near there.Obviously it depends on the million variables as to what sort of info you want/will get.
I can tell you that it’s been a right pain in the …. to build, & unless I am prepared for a nervous break down will never try again in that area! (mainly due to strict environmental rules, & “difficult” site).
However, the…[Read more]

Thanks Kerwyn.