Thanks Terryw. I guess having a business in buying real estate these costs maybe deductible.

zen

Hi Team PI’s, while we’re on Opencorp subject, wondering if anyone joined their Property Development Funds and if your able to share your experience with us?

http://www.opencorp.com.au/development-funds-2/

thank you

zen

Thanks Terryw, appreciate.

Another question for my Team PI’s – if I was to travel for 5days interstate or to NZ and purpose is to buy a property, is this tax deductible? eg, plane, hire car, hotel, food.

zen.

Hi Team PI’s, wondering if I was to attend a property development & renovation workshop valued at $2k, is this tax deductible?

I’m an investor looking at purchasing houses in the future to renovate and be a developer in 3 years.

Cheers

zen

Thanks Colin, appreciate your thoughts and experience. I’ll attend, listen, ask questions, and as soon the sales pitching, i’ll be out the door like speedy gonzales :)

Zen

Hi Colin, great link and video!!! If they start doing a sales pitch, i’ll be out the door like road runner!!!

zen

Thanks Murali, great to know you attended the consultation meeting, I will attend next week and see if their of service to me.

Thank you

Zen

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise…[Read more]

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise…[Read more]

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise…[Read more]

Good Morning PI team :)

Questions, is a “detailed” Financial Plan relevant and appropriate to an individual who already know where they are going???

SpringFG http://www.springfg.com/ called me and said they can create a detailed financial plan to tax minimise my wealth creation and save me $150,000 in the next 10 plus years. They will organise…[Read more]

@scott no mates – yes the stamp duty seems to apply when its transfered to another person/entity, however what Terry mentioned in the lights of the title of our property where the trustee (me) lodge a caveat on the title of the property that is in my name, in agreeance, mortaging the equity to my trust which will incur no stamp duty!

Hmmmm……thanks Terry.

Hi Terry, wondering if i was to purchase a property in my name then setup a trust afterwards, can my trust have a caveat over the property? Abit like transfering it from my name to my trust!

Thanks Justin, yes definitely will see an accountant about my structure.

Love the interview with Shane from zero to 40million!!! Got some valuable tips and followed him on facebook. Also the guy from holden capital podcast was very insightful and gives me ideas on how I can utilise them in future once I’m financially/equity positioned!!!!…[Read more]

Thanks Justin, great reference and website, love it!!!

I’m in the process of becoming a developer in 3 years time, just gotta build my equity in my first property, 2nd and 3rd by 2019.

Question, are project managers for developments, is this tax claimable? Reason is I’m thinking of contracting a project manager to look-after the…[Read more]

Yes blast from the past!! @Jamie and Richie…. haha ….like reading stuff back then.

Thanks Terryw, appreciate your comment.

I’m in the process of purchasing my very first IP to be settled in August and will get a depreciation schedule done before tenants move in and give to accountant after July 2017 I presume? Enjoying the process and…[Read more]

Hi All

Are these accountant fees tax claimable?

Zen

Oh ok, yes will seek their advice on family trust structure, thanks Terry.

thanks Terry, thinking of enquiring at http://www.legalvision.com.au try see how I go.

Also I saw these sites, not sure if this applies to me? https://www.ecompanies.com.au/discretionary-trust/

cost $121 to set up a family trust!!!