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Viewing 20 posts - 61 through 80 (of 116 total)
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  • Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 5:08 am

    Thanks very much for the advice all. From my point of veiw I would rather own my own place at least than pay rent. As long as prices dont recede it’ll be valuable choice, and it renovations make it +CF when we leave, all the better!

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:54 am

    Aceyducey,
    Really!?! thankyou for pointing that out. i was completely unaware!

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:47 am

    I’ve also seen the book Chan mentioned. I haven’t read it yet but after a flick through put it on the ‘must buy’ list.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:43 am

    Hi spider,
    Im reading it currently and Id give it around a 6/10. not wonderful, but does contain some helpful hints and I think one helpful hint in worth the $25 dollars alone.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:29 am

    I like pisces method of the letters, plus insurance commisioners etc with the threat of today/tonight. Great stuff pisces!

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:23 am

    Hey John,
    What part of NZ are you living in?

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:21 am

    Hi Ginamaree,
    I was thinking about buying that boardgame, despite it being ten times more than a regular board game! Do you think it is worth $300?

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:18 am

    Thanks Kay. My wife and I are thinking of buying one as a PPOR, renovating, and achieving positive CF on a quality property when we leave. It seems renovation may be one of the only ways to build +CF these days.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 3:16 am

    Thanks John. That sounds like excellent advice.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 4, 2004 - 12:00 am

    Nice one chan. I think there is a lot to be said for making sure we get everything we are entitled to tax wise etc, and a bit of extra diligence in this area can go a long way as Chan has shown us.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:57 pm

    Steve McKnight and business partner run a melbourne accountancy firm. maybe try them?

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:56 pm

    Hi Yack,
    I wouldn’t worry so much about trends. If a deal is good it’s good! If not, then it’s not, regardless of the times. profound insights I know :)

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:50 pm

    Further to that last post flash, here are some links:
    http://www.charterkc.com.au/services/quantitySurveying/taxDepreciation.php
    http://www.deppro.com/

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:44 pm

    There are companies which you can find via the web which specialise solely in depreciation. they would be able to help you with this. They also offer full depreciation schedules I think for the next 10 years etc.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:38 pm

    Thanks Jason and Kay. I really appreciate that advice :)

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:35 pm

    I’ll add my two cents – I’m pretty sure thats the way it works. Make sure you claim for any expenses incurred aswell, including a portion of your home costs if you had a home study/office eg a portion of your rent/mortgage, electricity, stationary, phone, memberships, etc.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
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    Post Count: 126
    April 3, 2004 - 11:25 pm

    hi George,
    Given the seriousness of this move I would strongly suggest getting your advice from a lawyer rather than this forum (not that there isn’t excellent information here).

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:16 pm

    I believe steve and his business partner still run an accounting firm in melbourne. Maybe you could try them?

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:13 pm

    In NZ I believe an ‘LAQC’ company is the best form of investment structure. It allows five share holders and any paper losses can be offset against the incomes of all of these people (eg children, non-earning spouses etc all become shareholders). Likewise any profits also, so the share given to your six year old son etc is likely to be entirely tax free.

    Regards,
    Si

    Profile photo of SiboSibo
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    @sibo
    Join Date: 2003
    Post Count: 126
    April 3, 2004 - 11:08 pm

    I agree with Stu. Spend the extra and do it right the first time. The tax benefits will pay for the extra cost quickly.

    Regards,
    Si

Viewing 20 posts - 61 through 80 (of 116 total)
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