Recent Content by John Bone

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  1. John Bone
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    Can I claim deduction for loan interest on vacant land during construction?

    My understanding of the rules regarding tax deductibility of any expenses including interest is that they are not deductible against income...
    Post by: John Bone, 11th Aug, 2016 in forum: Accounting & Tax
  2. John Bone
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    What interest rate do you plan for?

    I use the current rate for developments that will take less than 2 years. Any changes to the rates in that time are inconsequential to the...
    Post by: John Bone, 4th Aug, 2016 in forum: Loans & Mortgage Brokers
  3. John Bone
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    Census 2016

    If they use the information in the way you describe I think that would be fantastic. The idea of catching tax cheats and fraudsters is a great way...
    Post by: John Bone, 4th Aug, 2016 in forum: Accounting & Tax
  4. John Bone
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    De facto partner contributes to my mortgage, how does that affect my tax?

    Your partners payment of the mortgage may give them part ownership in the property if you were to separate. If the payments are seen as rent this...
    Post by: John Bone, 2nd Aug, 2016 in forum: Accounting & Tax
  5. John Bone
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    Can a Unit Trust claim 50% CGT exemption?

    Terry Everything I have been told in the past 8 years of property investing is that Unit Trusts are treated like companies and do not get the...
    Post by: John Bone, 29th Jul, 2016 in forum: Accounting & Tax
  6. John Bone
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    Can a Unit Trust claim 50% CGT exemption?

    Sorry, Unit trusts are treated like companies and are NOT eligible for the 50% discount on a Capital Gain.
    Post by: John Bone, 29th Jul, 2016 in forum: Accounting & Tax
  7. John Bone
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    Honest opinion on purchase

    I agree with Phase2 that a split down the middle would be best. I am not confident about the market for townhouse though. There are only 2...
    Post by: John Bone, 29th Jul, 2016 in forum: Development
  8. John Bone
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    Rear strata, duplex or triplex

    Thatbum is correct, this is a numbers game but the biggest number in the deal is the end sale price. If it isn't then you are going to make a loss...
    Post by: John Bone, 29th Jul, 2016 in forum: Development
  9. John Bone
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    Positively geared properties under $300k in Australia

    I repeat, for the purpose of a discussion about whether paying down debt I a good idea or a bad one, the asset class is irrelevant. Debt is debt...
    Post by: John Bone, 28th Jul, 2016 in forum: Where to Buy
  10. John Bone
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    Buying an IP with another couple

    Terry is correct, there are more possibilities that the first structure I mentioned. The one he has mentioned is what I would call a partnership...
    Post by: John Bone, 28th Jul, 2016 in forum: Innovative Property Investment Techniques
  11. John Bone
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    Buying an IP with another couple

    Terry, I do not agree with some of the previous comments. The way to do this is to buy the property in a unit trust with a corporate trustee. The...
    Post by: John Bone, 28th Jul, 2016 in forum: Innovative Property Investment Techniques
  12. John Bone
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    Positively geared properties under $300k in Australia

    The example I gave was just that. Perhaps I should have been more vague and said that I would not pay down debt so long as the income from the...
    Post by: John Bone, 27th Jul, 2016 in forum: Where to Buy
  13. John Bone
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    CGT Calculation Help!

    I agree with Daniel in part. If the property was initially acquired to derive income then (there was no mention of that) and income was actually...
    Post by: John Bone, 27th Jul, 2016 in forum: Accounting & Tax
  14. John Bone
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    Positively geared properties under $300k in Australia

    Debt reduction is a horrible idea. In most cases paying down debt also means paying down income and that is crazy. If I borrow $1m at 5% and...
    Post by: John Bone, 27th Jul, 2016 in forum: Where to Buy
  15. John Bone
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    CGT Calculation Help!

    There is no CGT on this deal, it is a trust so the intention to develop is clear. The net profit will be distributed to the beneficiaries of the...
    Post by: John Bone, 27th Jul, 2016 in forum: Accounting & Tax