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]

Thanks for your input Erika…

Hello..??!!.. We’d really appreciate your comments… Thanks…

Hi Fudge,

Can you send me a copy please.

Thanks,
NoviceM
[email protected]

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]

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

Thanks for your input guys…

Cheers,
NoviceM

???????

Hi every1,

Is the cost of a Deposit Bond (eg. $408.00 for $34,000 deposit) tax deductible?

Thanks,
Novice

Thanks David for your invaluable input.
Much appreciated.

Regards,
Novice

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.

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…

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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]

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