paulandjo replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! 13 years, 3 months ago
All I can say is thank you so much for all the advice and I will def look at all options!! So many!!! I think that selling the neg geared property and making a loss wouldn't be so bad after all too. At the end of the day though i have no problem paying lots of tax, cause as said by someone earlier, "if you're paying lots of tax it's because you're…[Read more]
paulandjo replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! 13 years, 3 months ago
colinnewland wrote:
Keep the +CF properties and sell the negative CF property. Thats makes far more sense than selling you better performing properties.As or your own home, have you considered moving out and leasing your PPOR and leasing/renting a similar style property for less money? You will find that renting a property of the same standard…[Read more]paulandjo replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! 13 years, 3 months ago
Terryw wrote:
I think you will have to do the sums. It may cost you XX now, but it will save you ZZ per year in tax sort of thing. You then have to decide is it worth doing.You could possibly lease the property to a trust and then allow the trust to on lease it at higher rates. But you would have to do everything at arms length for tax…[Read more]paulandjo replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! 13 years, 3 months ago
quickchick wrote:
Well done on buying a positive cashflow property! Not easy to do.I assume your other properties are negatively geared?If so, I think you are saying you plan to sell your fantastically performing property, to fund your losses from the poorly performing properties.WHY WOULD YOU DO THAT!(Sorry for shouting!)Wouldn't logic…[Read more]paulandjo replied to the topic Making the most amout of profit without paying too much CGT or extra stamp duty. in the forum Help Needed! 13 years, 3 months ago
Terryw wrote:
Not many ways to avoid CGT.At least you are on a low income, so the effect will be less. If you have a $200,000 gain then take off buying and selling costs, say $40,000 and then apply the 50% CGT discount = a taxable gain of $80,000 this would be added to your other income.Selling to a trust won't assit with this, CGT will still…[Read more]paulandjo replied to the topic Aran Dunlop Interviews in the forum Overseas Deals 13 years, 8 months ago
I am interested in doing a workshop about Tax Liens, and you mentioned you had done a 2 day workshop here in Australia that covered that topic? Do you know of any up coming workshops?
paulandjo replied to the topic NEW INVESTOR NEEDS HELP in the forum Help Needed! 15 years, 6 months ago
I'm just looking at positively geared properties myself. Don't know much about them but check out properties for sale in Karratha and Port Hedland that are leased. Good returns of over 10%.
paulandjo replied to the topic A worrying Investment- Advice pls! in the forum Help Needed! 15 years, 8 months ago
I've got a depreciation statement prepared for tax time, but what do you mean by reducing your cost base and increasing future cap gains tax?