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Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
September 5, 2016 - 8:48 pm
Keen is a Professor right……….yet how did he ever think that the federal government was not going to back the banks when Keens first prediction failed……………..i ask again how did Keen ever think the federal government was not going to back the banks????
If need be the federal government will back the banks again more than likely.
Sydney? Melbourne certainly over priced, but rest of oz seems to be pretty fairly priced.
Nothing wrong with how our government has got us through the gfc……..nor the central bankers.
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
August 23, 2016 - 7:43 am
All depends if you seriously think the federal government is not going to help the banks.
Think about why Keens last prediction did not happen.
Also depends if your talking about Sydney/Melbourne which seems highly over priced, where as the rest of oz seems a fair price.
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
August 21, 2016 - 10:18 am
I can also sympathize with you on the frustration levels involved in developing……….Councils are a never ending nightmare to deal with, full of contradictions and incompetence at best, not to and holding stuff up for no good reason except maybe the right person didn’t receive his brown paper bag.
I have done several sub divisions and found it extraordinary that the State government still has not fixed any of our councils………almost feels like our state governments like to use the councils as a buffer to save their pathetic jobs.
Why do we need all these levels of government?
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
April 15, 2016 - 7:48 am
I use Excel spreadsheets because simply they force you to understand what you are really doing, not to mention you can customize to how you what to visualize your data.
Excel can pretty much do anything you want, whereas other software cannot.
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
March 1, 2016 - 2:40 pm
ok thanks for that
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
February 29, 2016 - 9:50 pm
near most of the houses in area were done by spec builders who got land off developer, so door knocking wont work because the people who brought have no idea who built it.
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
February 22, 2016 - 7:13 pm
Personally I do not care about the 50% discount anymore because it may not be around for that much longer, besides I am sick of using trusts with the ever changing tax rules and whatever else.
Have been reading up about using a ultimate holding company with subsidiaries today, but its unclear if a liability can exist to the ultimate holding company from a subsidiary company holding the real estate………….for example – somebody sues the subsidiary company for slipping over on its driveway and wins, but the real estate is mortgaged through a loan from the ultimate holding company, thus the subsidiary technically has no assets…….but can they get at the ultimate holding company?
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
February 9, 2016 - 8:35 am
I would sit down and write into the tax office for a ruling if CGT apply, then you have it in writing and can be sure, it will take around 28 days, and the forms are on the ato site somewhere. Make sure you give them the full details.
Its as simple as that, or you can rely on more “opinions”
If you can read and write then rulings are not that hard to do and are free if you do them yourself.
- This reply was modified 8 years, 8 months ago by Tony Burnett.
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
January 31, 2016 - 2:00 pm
Thanks Terry
I should of given more info on my question…………my question relates to the standard discretionary trust that’s used by most law firms in the last ten years…….to be more exact the standard discretionary trust from ACIS.
“But stamp duty can still result depending on the structure.”
Are you saying stamp duty can be a issue either if its the appointor gets changed or the Trustee, and if so which one?
I should of added to the original question also – the implications of resettlement or stamp duty of removing or adding a beneficiary of a Trust?
Tony Burnett
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@tonyburnett
Join Date: 2016
Post Count: 17
January 25, 2016 - 3:58 pm
Hi Terry, you mention that trusts are not the only option, but I always thought they were as good as it gets, could you throw some light on what other options there are?