Recent Content by Kim_DuoTax

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  1. Kim_DuoTax
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    Question regarding CGT and 6 year rule

    Hi Jack, Generally speaking, I would recommend speaking to an accountant regarding the 6-year-rule as it would ultimately depend on your...
    Post by: Kim_DuoTax, 17th Apr, 2024 at 12:01 PM in forum: Accounting & Tax
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    NSW - Depreciation Schedule for an Unit

    Hi Pete, I believe it is definitely worthwhile preparing a tax depreciation schedule for a 20 year old property even without any recent...
    Post by: Kim_DuoTax, 16th Apr, 2024 at 4:14 PM in forum: Accounting & Tax
  3. Kim_DuoTax
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    Introduction - Owner considering the current market

    Hi, In the event you purchase an investment property, it may be worthwhile keeping in mind a depreciation schedule. These reports prepared by...
    Post by: Kim_DuoTax, 16th Apr, 2024 at 4:13 PM in forum: Introductions
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    NSW Seeking guidance for someone new to property investment

    Hi David, Apart from having a look at the rent, the strata fees etc. You can also factor in the depreciation aspect of the properties, which will...
    Post by: Kim_DuoTax, 16th Apr, 2024 at 10:10 AM in forum: Property Analysis
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    Insurance query

    Those are the big guys in the market, for our clients we use SGUA.
    Post by: Kim_DuoTax, 11th Apr, 2024 in forum: Property Management
  6. Kim_DuoTax
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    Insurance query

    Hi RenegadeDom, not an easy one. Most insurers will want you to insure under two policies. Some insurers understand this situation and allow you...
    Post by: Kim_DuoTax, 11th Apr, 2024 in forum: Property Management
  7. Kim_DuoTax
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    Bank valuation versus Duo Tax valuation

    Great to hear that your concern has already been sorted out and that we were able to provide clarifications. Looking forward to assisting you...
    Post by: Kim_DuoTax, 10th Apr, 2024 in forum: Investment Strategy
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    CGT on PPOR that has had after tax expenditure deliver all the upside

    Hi Dapa, From my understanding, the capital gains tax is calculated when it first becomes an investment property to the date it stops being an...
    Post by: Kim_DuoTax, 9th Apr, 2024 in forum: Accounting & Tax
  9. Kim_DuoTax
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    Bank valuation versus Duo Tax valuation

    Hi Lisa_Lu, I hope this message finds you well. I wanted to reach out to provide guidance to alleviate any uncertainties you may have around Duo...
    Post by: Kim_DuoTax, 8th Apr, 2024 in forum: Investment Strategy
  10. Kim_DuoTax
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    buying in Victoria when to take out building insurance

    Ideally, it should be when you take the possession or on the settlement date. However, if you may sign the contract unconditionally where it...
    Post by: Kim_DuoTax, 3rd Apr, 2024 in forum: Legal Issues
  11. Kim_DuoTax
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    Best Way To Structure This

    Hi Sparky, While I can't provide any information regarding redraw and refinance, regarding question 5, the ATO states repairs as works that...
    Post by: Kim_DuoTax, 25th Mar, 2024 in forum: Accounting & Tax
  12. Kim_DuoTax
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    Cost of repairs/renovations

    Hi Clintos, Depending on what type of flooring, if you were to get the entire flooring replaced and it was installed brand new for your tenant,...
    Post by: Kim_DuoTax, 25th Mar, 2024 in forum: Accounting & Tax
  13. Kim_DuoTax
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    survey strata insurance

    Do you have a strata manager for this property? If so, I suggest you talk to them about it. the common driveway should be insured under the strata...
    Post by: Kim_DuoTax, 25th Mar, 2024 in forum: The Buying & Selling Process
  14. Kim_DuoTax
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    Main residence exemption Help (lived in property, rented it out, bought another)

    Hi, As you are looking to sell the property 1 in the near future, you may be liable to pay capital gains tax as you generated income on the...
    Post by: Kim_DuoTax, 22nd Mar, 2024 in forum: Accounting & Tax
  15. Kim_DuoTax
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    Property insurance while selling

    Hi there, different insurers have different criteria for what is considered vacant. For example, some insurers, consider properties that have...
    Post by: Kim_DuoTax, 21st Mar, 2024 in forum: The Buying & Selling Process