Total Members: 159,187

NoviceM

  • 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

    Hi Fudge,

    Can you send me a copy please.

    Thanks,
    NoviceM
    [email protected]

  • 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,
    NoviceM

  • NoviceM replied to the topic Superannuation towards PPOR in the forum The Treasure Chest 21 years, 5 months ago

    Thanks for your input guys…

    Cheers,
    NoviceM

  • NoviceM 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,
    Novice

  • NoviceM 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,
    Novice

  • NoviceM 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

    quote:
    Hi Novice,

    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…

    [Read more]

  • NoviceM replied to the topic Negative & Positive Gearing in the forum No Subject 21 years, 6 months ago

    quote:
    Hi,

    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…

    [Read more]

  • 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

NoviceM

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