Hi Rugbyfan

Thanks for the link. I have looked at your post and the links and they are very useful. Did you pay the stamp duty proportionately in each state – ie if your total loan was say $400k did you pay stmp duty on $400k in QLd and on $400k in WA?

This is what happened to us. Our LOC is $320k on PPOR and $180k on QLD IP. We paid stamp…[Read more]

Hi Derek

Thanks for the response. I do actually mean the mortgage stamp duty not the property stamp duty. Like you, I was also under the impression that the mortgage stamp duty was determined by the state the mortgage origninated in. The bank advises me that mortgage stamp duty is determined by the state the security for the loan is held in.…[Read more]

Blackjack

Are you willing to name this bad PM or is that against forum etiquette? If you can name them it may save someone else the hassles you have had. The problem with Darwin is that so many people think that they don’t need to provide any level of service.

AM

Hi Melbear

What do you mean the law has been changed? The law does not define the specific items that can or can’t be depreciated. That is determined by the policy of the ATO. If there has been a change in policy I am curious when this occured because I was looking at the 2002 Rental Guideline and it was not allowed back then. I remember that…[Read more]

Hi
Quantity surveyors are experts at determining the cost of construction and of various items of plant and equipment within the building. They are not however experts at interpretation and application of the tax law. This was blatantly obvious in a Property Investor article last year written by the manager of a QS firm in which he was unhappy…[Read more]