NoviceM replied to the topic Tax Office Targets in the forum No Subject 20 years, 9 months ago
Just thought I’d add this info which I received in my email yesterday.
“ATO consultation meeting on rental properties and capital allowances on 20 February 2004:
Members will be aware that rental properties are a compliance area the ATO is currently focusing on.
The ATO has concerns that rental property owners are not correctly distinguishing…[Read more]
NoviceM replied to the topic Best Options Available? in the forum Help Needed! 20 years, 9 months ago
Thanks for your input Erika…
NoviceM replied to the topic Best Options Available? in the forum Help Needed! 20 years, 9 months ago
Hello..??!!.. We’d really appreciate your comments… Thanks…
NoviceM replied to the topic Place comments about my spreadsheet here in the forum No Subject 21 years, 1 month ago
NoviceM replied to the topic How many you got? in the forum The Treasure Chest 21 years, 3 months ago
Hi every1.
We have 1 PPOR and 1 negatively geared property… Unfortunately, tax minimisation was our main purpose hence the -ve gearing… It was only when I accidentally surfed into this website that I found out about the other options/strategies… Now concentrating on finding +ve cashflow properties… And learning more and more – via this…[Read more]
NoviceM replied to the topic The book.. it’s now available! in the forum The Treasure Chest 21 years, 3 months ago
Congratulations Steve and co… Bought “the” book first thing this morning at QVB for $29.95… Started reading on the train this evening and I nearly missed my stop… Great reading especially for a newbie like me…
Regards,
NoviceMNoviceM replied to the topic Superannuation towards PPOR in the forum The Treasure Chest 21 years, 5 months ago
Thanks for your input guys…
Cheers,
NoviceMNoviceM replied to the topic Superannuation towards PPOR in the forum The Treasure Chest 21 years, 5 months ago
???????
NoviceM replied to the topic what can investors get tax deductions for? in the forum No Subject 21 years, 5 months ago
Hi every1,
Is the cost of a Deposit Bond (eg. $408.00 for $34,000 deposit) tax deductible?
Thanks,
NoviceNoviceM replied to the topic Cost of Depreciation Schedules in the forum No Subject 21 years, 6 months ago
Thanks David for your invaluable input.
Much appreciated.Regards,
NoviceNoviceM replied to the topic Negative & Positive Gearing in the forum The Treasure Chest 21 years, 6 months ago
Thanks Pete. It now gives me some ideas as how we can improve our cashflow. But with the rental guarantee being above the current rent in the area, I think I can just sit back for 2 years and apply these strategies once the rental guarantee period is over. I guess these expenses are also tax deductible.
NoviceM replied to the topic Negative & Positive Gearing in the forum No Subject 21 years, 6 months ago
Congrats on your 1st purchase. I have recently bought a house in melbourne as my IP and want to fix the loan for 5 years as well. You seem to be getting a very good deal. Could you please tell me which which bank offered you 5.97% for 5 years and what are the other charges on this loan like estd. fees, account keeping fees…
NoviceM replied to the topic Negative & Positive Gearing in the forum No Subject 21 years, 6 months ago
You can get a little more value out of that property if you claim depreciation. (Assuming you’re not already).
For the building itself, you can claim 2.5% of it’s value until the building is 40 years old. There is a slightly different rate if that property was built between ’85 and ’87 but thats a long story.
Also, things such as…
NoviceM replied to the topic Negative & Positive Gearing in the forum The Treasure Chest 21 years, 6 months ago
Hi all,
Thanks heaps for sharing your knowledge and words of encouragement. I feel a lot better now and optimistic.
Now, if it’s not too much to ask – how can I add maximum value for minimum cost????
Thanks once again,
Novice