Recent Content by Nem

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  1. Nem
    Thread

    Capital works deductions

    I did major renovations on my house which now became an investment property. Renovations are done between 7-9 years ago, $60k cost Do I need QS...
    Thread by: Nem, 27th Jun, 2019, 2 replies, in forum: Accounting & Tax
  2. Nem
    Post

    Unable to deducting the costs of a failed startup

    R&D claims love failed projects :) I would speak with R&D experts... Pm me if you'd like details
    Post by: Nem, 27th Jun, 2019 in forum: Accounting & Tax
  3. Nem
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    Depreciation on IP, purchased before 9 May 17 as PPOR

    Great, thank you!!!
    Post by: Nem, 25th Jun, 2019 in forum: Accounting & Tax
  4. Nem
    Thread

    Depreciation on IP, purchased before 9 May 17 as PPOR

    Tax time! I am sure this was asked before but I can't find the thread.... Could you please confirm, if the property was purchased before May 2017...
    Thread by: Nem, 25th Jun, 2019, 3 replies, in forum: Accounting & Tax
  5. Nem
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    Another CGT Topic

    @Terry_w I followed your example from the link you've supplied Lets ignore business usage for now. CGT calculation with no business usage still...
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  6. Nem
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    Another CGT Topic

    Could you please help me understand why? What part am I misunderstanding??
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  7. Nem
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    Another CGT Topic

    Because of running a business for a short period of time there or something else please?
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  8. Nem
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    Another CGT Topic

    So to summarise: Purchase price in 2000 $500k Valuation when became IP $1,000,000 in 2010 (claimed 5 year PPOR until 2015) Sold $1,400 in 2020...
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  9. Nem
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    Another CGT Topic

    sorry for confusion Thats correct, once moved out never moved in back
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  10. Nem
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    Another CGT Topic

    Moved out 2010 and used 6 year rule until 2015 Tenanted 2010-2020 Sole trader in 2009
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  11. Nem
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    Another CGT Topic

    yes so 15 years PPOR
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  12. Nem
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    Another CGT Topic

    Didn't move in, done valuation as thats when PPOR became IP Why is all wrong?? It was used for business only 1 year and 5 years for rental
    Post by: Nem, 14th May, 2019 in forum: Accounting & Tax
  13. Nem
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    Another CGT Topic

    Thanks Terry, yes I actually followed your notes :) Just unsure how would I add sole trader part to that calculations? Can there be two calculations?
    Post by: Nem, 13th May, 2019 in forum: Accounting & Tax