Most excellent replied to the topic How to start with $800K + 3IP’s ? in the forum The Treasure Chest 21 years, 3 months ago
Also Mel
I forgot to mention that I’m only interested in 3 bedroom house.
My aim is to help struggling families , renting IP’s to them @ 20 % lower rent.It’s my way of feeling great at what I’m doing, the wealth really to me is a domino effect from this strategy.
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MichaelMost excellent replied to the topic How to start with $800K + 3IP’s ? in the forum The Treasure Chest 21 years, 3 months ago
Thanks Mel,
Regarding adoption NO, looking for informitive & like minded persons YES.
However if adoption was a tax deduction I would seriously think about it !
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MichaelMost excellent replied to the topic How to start with $800K + 3IP’s ? in the forum No Subject 21 years, 3 months ago
Yes I do play golf aussierogue, my handicap is being left handed & I’d rather shout out ” 6 ” instead of “4” coz it’s greater.
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MichaelMost excellent replied to the topic How to start with $800K + 3IP’s ? in the forum The Treasure Chest 21 years, 3 months ago
Tar Muchly for the qwik response Kelly.
Can you explain CGT relief in trust ?
Are you saying I have less CGT to pay if in trust ?
Most excellent replied to the topic Residential tax deduction ? in the forum The Treasure Chest 21 years, 3 months ago
Thank you
MelSome I’ve seen but they seem to put this one in the too hard basket.
I have zero fear in investing and would like to eliminate all the ‘depends’ and concentrate on the ‘wants’
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MichaelMost excellent replied to the topic Residential tax deduction ? in the forum The Treasure Chest 21 years, 3 months ago
Have I overstepped the question parameters, if so I do regret the asking of the question.
Most excellent replied to the topic Residential tax deduction ? in the forum No Subject 21 years, 3 months ago
Is this an unanswerable topic ?
Can I rent an office anywhere I like ?
Are there any restriction ?[
] Any legal lope wholes or tricks will be taken under good advice.Michael
Most excellent replied to the topic Taxes and entities in the forum No Subject 21 years, 3 months ago
Swims like a rock, but can breathe under water.
Most excellent replied to the topic Residential tax deduction ? in the forum The Treasure Chest 21 years, 3 months ago
Can I use my residential PRTY & rent it out to a trust fund with myself being the public officer ?
Or do I have to register my residential as an commercial PRTY in VIC ?Open for pro’s & Con’s Please !!!
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MichaelMost excellent replied to the topic Capital Gains Tax in the forum The Treasure Chest 21 years, 3 months ago
Most excellent replied to the topic Residential tax deduction ? in the forum The Treasure Chest 21 years, 3 months ago
Hiya Kelly
The second one ( pty ltd ) Company is not buying/ selling or trading.
I’m looking to absolutely maximise taxable deductions.Most excellent replied to the topic Gladstone, Rocky and Kingaroy????? in the forum The Treasure Chest 21 years, 3 months ago
Go for it Kelly and don’t look back, just do, watch, observe, remember and always try again.
Ya never know till ya have a go ![
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MichaelMost excellent replied to the topic Residential tax deduction ? in the forum The Treasure Chest 21 years, 3 months ago
A company trading under a family trust fund in VIC ?
Me[
]Most excellent replied to the topic Will you buy if -ve gearing is abolished? in the forum The Treasure Chest 21 years, 3 months ago
Very interesting reading on BRW.
Do you think that the CGT is on the radar also ?Michael[?]