huh, i’m after anyone who knows alot about the australian taxation system and about investment entities, not the meaning of the word daedal.

thanks guys

f

g

decrease costs, and debt and increase rents

either reduce the debt on the asset or attempt to increase the income

The answer is yes

the principles of investing in property is you make money when you buy.

if they abolish negative gearing, all you have to do is look to positively geared properties, which is what you should be doing anyway

negative gearing is a bonus for IP, but it is not the sine qua non of IP, the cashflow is

if you run your corporation and trust properly, you may not be liable for any forms of tax.

you can actually find heaps of +ve Cash flow negatively geared properties in Sydney rather than in a country town

how much
how old
size
and rental income?

those quotes are quite high, in sydney they are approx 330 – 660 and they provide discounts for 2nd properties also

depreciator
deppro
washington brown

Negative Gearing
Tax and Property Investments
Think and Grow Rich
Perpetual Wealth
Awaken the Giant Within
DIY super
Robert Kiyosaki’s Books
Noel Whittakers Books

where can i find more information about this?

depends if the installation costs are part of the building, fixture and fittings or repairs.
complete claim if it is a repair and deductable under UCA if fixture and fittings; and also if special capital ride off

you should read think and grow rich by napolean hill

to my understanding, if you can show the ATO that the market value of the property is $300k inclusive with all costs, then the interest is deductible.

but if the market value + Stamp duty and other capital acquistion costs is only $250,000 then the other $50,000 interest is not deductible. This is because it is not used to generate an income…[Read more]

Thanks for that Steve,

How can I obtain a copy of the master tax guide 2003?

Melanie,

what do you mean for company trustees? Should it not still fall under the trust anyway because company trustees are not the beneficial owners.

I hate this tax stuff, not sure if they passed legistlation re this.

All the text I’ve read recommends that you should not purchase any appreciating assets under a corporate structure because of the lost of 50% CGT exemption
U then will have to look at if u want asset protection or tax shelters before u decide to invest under your name

Just exchange on waterfront property in Sydney City, $640k and rental income of $850 pw for 12 months

I know that if no beneficiary has been assigned, then the trustee is liable for tax on accumlated income of 48.5%. But I read somewhere that the trust is still distributing the income, but taking it as a liability to the trust and at a later date will be required to distribute it.
Prima Facie, it does’nt make sense, I’m just getting clarification…[Read more]