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 QuadrantHave 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 nowOzman 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]Ozman replied to the topic The plunge into the investment pool! Detailed read, but your guidence requested! in the forum Help Needed! 11 years, 2 months ago
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]