piersw replied to the topic need a finance question answered by one of the gurus. in the forum Finance 14 years, 11 months ago
how long do you want to hold the properties? what sort of trust are youlooking at?if it is a simple family trust or a simple trust, there are no drams now and in the future…..BUT, why are you looking to go for a trust? are you likely to be sued through your profession at all, or is it for tax purposes recommended by an accountant? as this…[Read more]
piersw replied to the topic Is CGT / Charges Payable? in the forum Help Needed! 14 years, 11 months ago
For holding it more that 12 months the discount CGT metod will apply. You will have to pay tax on 50% of any profit, that will then in turn be taxed at your rates for the year.please ask if you need more info….P
piersw replied to the topic Beginner investing in Melbourne (to start with anyway) needing both financial and investing advice in the forum Help Needed! 14 years, 11 months ago
A few things to consider…..are you looking to hold these until you retire?have you thought of the tax implications?the best tax haven for investment is your supperannuation. If you held your properties through super, then in the years to come when you retire you will pay no tax!!!! and in the mean time only pay 15% rather than your marginal tax…[Read more]
piersw replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 14 years, 11 months ago
Cash flow positive….? When investing in real estate, does one ask why? are you investing for long term growth? so a buy and hold? If this is the case, why are you looking for CF+. are you employed? if so, you have your CF there, you have an income. Any decent property these days will not be CF+. Unless you go to a rural centre. Do you live there…[Read more]