I also am not an accountant so please check this out. However I was talking to my account only yesterday on this. And this is my understanding of what he told me.

Yes a CAPTAL LOSS can be used to offset a CAPITAL gain but not against income. The capital loss can also be carried forward to future tax years (note plural) though I do not know how…[Read more]

Oops! That’s South Island! I should take a little more time to check my typing before posting!

PeterO

G’Day We are Peter, Joyce and our eldest son/business partner Jonty. We are Brisbane based and going on KA2. Certainly interested in catching up with you via e-mail at least.

Anyone else from Brisbane going on KA2?

We will also be at the Brisbane Masterclass next week-end. Anyone else on this thread be there?

There was a thread for some…[Read more]

We just spent much of Sunday looking at a whole range of houses to renovate. ALL those we looked at on one area with a renovated price over about $450k had pools. However in other areas there were very few pools.

I would advise doing two things:
1. Look around the area you are in and see what proportion of other similarly priced/size houses…[Read more]

Gosh!
5 ‘W’? (Where? Why? What? Who? When?)
Can we have some more info please?
(I missed this post previously! Bit suprised no-one else has responded, or do they all use a different way of getting more info?)

PeterO