Total Members: 159,213

Ozman

  • Ozman replied to the topic Complicated CGT in the forum Legal & Accounting 11 years, 2 months ago

    So my understanding is right Wilco1??
    Will depend on which and when selling and what property. Things change again once in retirement as can tip some into Super.

  • Ozman replied to the topic Complicated CGT in the forum Legal & Accounting 11 years, 2 months ago

    Thanks members
    YesDuckster,
    I did buy another at about 18 months into the rental, bought a Rural Primary Production Block close to a city, I still hold this and all going well, will subdivide to rural residential blocks at a future date.
    Our plan has been to buy PPRs that have good CG potential or development potential and build up a portfolio.
    It…[Read more]

  • Ozman replied to the topic Rockville -suburb of Toowoomba in the forum Help Needed! 11 years, 2 months ago

    Sorry Halfback but I have to agree. but if its IP and the ( real on ground ) figures stack up it might still be a reasonable option. Keep in mind the market price for the suburb and use the lower end figures for safety.
    In Toowoomba the most popular  area is the Escarpment and the South Eastern Quadrant

    Have a look around on Google Earth and you…[Read more]

  • Ozman replied to the topic Complicated CGT in the forum Legal & Accounting 11 years, 2 months ago

    Thanks Wilco1
    I have a better grip of its application now

  • Ozman replied to the topic Claimable Costs ? in the forum Legal & Accounting 11 years, 2 months ago

    Thanks Terry
    Given that being the case it may be better to allow them to stay for free although the reduction in return due to CGT would diminish by proportion over time.
    2/26 when first exempt at 2 years as PPR  2/62of CGT at 5 Years PPR I expect?

  • Ozman replied to the topic Claimable Costs ? in the forum Yes Thanks Dave 11 years, 2 months ago

    Yes Thanks Dave
    Also 2/12 depreciation of fitting / furnishings which are at a different depreciation rate than the prime asset so will have to value them and split from overall capitalised cost as well. How would repairs to the property undertaken during the lease be treated?

  • Ozman replied to the topic Maximum number of tenants under BCC? in the forum Help Needed! 11 years, 2 months ago

    Read this topic it explains most of your questions
    https://www.propertyinvesting.com/forums/general-property/4347101
    A single tenancy dwelling can only have one Tennant or Tenants in common not exceeding 5 unrelated persons
    to change property use including new construction requires more investigation design to meet planning requirements and…[Read more]

  • Hi Robert
    With respect to title ownership / trusts, the main object of the exercise is to containerise the investments so that one adverse event does not jepodise your entire portfolio.
    Simply speaking, The trustee of the trust is a PTY Company so has limited liability. You as the owner on the other hand, are liable to the full extent and can…[Read more]

Ozman

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