I came across this topic and although old it is worth giving my 2 cents worth. There are 2 issues to consider. Do you just want a IP or something you can also use to holiday in yourself or retire to? The most touristy and popular Greek islands can be very expensive (Rhodes, Santorini, Corfu, parts of Crete, etc). Being touristy there is an…[Read more]

This is not necessarily an answer and I am not sure what the immigration disclosure rules would be for new migrants but i can definitley say that many older migrants from Southern Europe and the Middle East have properties in their homelands, many of which collect rent, and most are invisible to the ATO. The rent is used for holiday money or…[Read more]

I have been trying to research this topic through the forums as my 2004-2005 tax return will have implications on some projects coming up next year. I am still confused. In one discussion there was mention of “ACQUISITION COSTS” which are added to the cost base (stamp duty and legal fees) and “BORROWING COSTS” which can be ?depreciated or…[Read more]

So Rick if I understand correctly- if you want the CGT 50% discount on properties you have developed yourself you may have to keep them and rent them out for a while? ??12months??….sorry I am a bit slow when it comes to tax issues!![biggrin]

I am a Darinian although not presently living in Darwin. My family are in building and I have friends in development, real estate and analysis in government in Darwin. The running joke in building and real estate circles in darwin at the moment is how a ” Sydney investor bought 3 apartments over the phone!!” It seems that to flee from high…[Read more]