There are a number of reasons for not buying an IP in your own name.
eg: 1. Buy in name of a spouse who is on a lower marginal tax rate and therefore pays less tax on income and CG.
2. Buy in the name of a company to limit liability to yourself.
3. Buy in the name of a friend so dodgy purchases can never be traced back to you who works in a bank [whistle] <— (just kidding)
There are many, many reasons!! If you have any specific questions about any that you come across, you know you’re in the right place!
“I weaken all men for hours each day…”: What’s something usually done more at night which gives you strange visions?
Peasant to marry king’s daughter: Peasant does something to one of the pieces of paper.
“Red, blue, purple and green…”: This thing has more colours than the four mentioned.
Two vertical posts: Think about it more. Nothing tricky about this one, you just have to picture it. Obviously the posts aren’t 1000 ft from each other, because the rope would be pulled tight and wouldnt sag at all (leaving it 750 ft from the ground)
“I make you weak at the worst of all times…”: I thought this was easy! When do your hands sweat??
If any are still too hard, ask for more hints [cap]
“I make you weak at the worst of all times. I keep you safe, I keep you fine. I make your hands sweat, and your heart grow cold, I visit the weak, but seldom the bold. What am I?”
Okay, that bunch should keep you going for a little while! [eh]
Two vertical 750 ft posts have a 1000 ft rope stretched between their topmost points. The rope sags to within 250 ft from the ground. How far apart are the posts?
A young peasant wanted to marry the king’s daughter. The king didn’t like the idea of his daughter marrying a peasant, but he wanted to appear fair in front of his subjects. The king said that he would put two pieces of paper into a hat, one reading EXILE and the other reading MARRIAGE. Later that day, the peasant overheard the king saying that both pieces of paper would read EXILE, thus ensuring that the peasant would be out of his way for good. The peasant remained undaunted and, as arranged, arrived at the king’s court where a large crowd gathered for the big event. The peasant then did something that assured him the hand of the king’s daughter. What did he do?
I’ll give you one… But only because you won’t need to ask me the answer (too easy) [biggrin]
“I weaken all men for hours each day. I show you strange visions while you are away. I take you by night, by day take you back, none suffer to have me, but do from my lack. What am I?
Unfortunately I’m not sure. If I was to guess however, i’d say that the same rules apply (or at least something similar) in every state of OZ.
When you buy a block of vacant land anywhere in Australia, do you have to pay Stamp Duty on the building? Of course not, there isn’t one there! [] Paying building stamp duty depends on how much of the actual dwelling has been built. eg: With just the slab down, building stamp duty might be 10% of normal rate. Slab down, wooden framing and roofing completed might be 60%. (These are examples only). Surely there would be similar rules Australia wide for this sort of thing.
This area’s grown a little out of my price range recently.
Do you have e-mail or Private Messages enabled? I have questions about this area to discuss every now and then and would love to stay in contact with you.
We’re all here so that you don’t have to go anywhere with your eyes closed [|)] When you have some idea of where you might like to put that 145k, feel free to ask any questions you may have.
One way to avoid stamp duty on the building is to buy off the plan. Even something as simple as putting down a deposit of $500 for a property before the slab is poured will do it.
Hope this helps,
Steve.
ps: Are you a first home buyer? Some state governments are thinking about wiping out mortgage stamp duty for first home buyers.
Plane B will take longer. The headwind decreases Plane B’s speed over the ground the same amount as the tailwind increases it. However, the headwind is acting on the airplane for a longer period of time, consequently slowing the plane down longer than the period it was sped up for.
Anyone who wants more just has to let me know!
Steve.
Okay, here’s the last one for today unless more are requested.
A man is hiking in the hills for the first time and, for safety, he brings along two guides. At the beginning of the hike, the first guide says, “Keep all personal items close, stay behind me, and above all else, keep your balance around the steep dropoffs!” The second guide has never been on such a long hike and, despite the warnings, tumbles off one of the high cliffs and rolls into a valley. The second guides’ spine is broken in the fall. The man and the first guide watch the fall, shrug, and move on. Why do they offer no help or concern?