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  1. Paul@PFI
    Post

    Restoring a deck

    Discuss with a local trade paint store. Timber is often best restored to remove ageing prior to doing anything but if patches are exposed to mound...
    Post by: [email protected], 15th Apr, 2021 at 11:54 AM in forum: Renovation & Home Improvement
  2. Paul@PFI
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    Interest in Advance and Fixed interest term

    I have only ever heard from tax clients who want a 3-4 year fixed and prepay 1 year and its not allowed. They must have a 1 year fixed loan to...
    Post by: [email protected], 15th Apr, 2021 at 11:35 AM in forum: Accounting & Tax
  3. Paul@PFI
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    IP Renovation Tax Deductibility

    Yes it will ADD to the costbase, Yes. you can claim the interest on the additional loan. The renovations may mean you need to get a updated QS...
    Post by: [email protected], 15th Apr, 2021 at 11:32 AM in forum: Accounting & Tax
  4. Paul@PFI
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    Selling IP to buy 1st PPOR

    Australia has NO "rollover" mechanisms that reduce CGT on a sale. Many people read about US tax rules on websites and ask this question. We do...
    Post by: [email protected], 15th Apr, 2021 at 11:29 AM in forum: Accounting & Tax
  5. Paul@PFI
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    Capital Gains Tax ?

    They should not be practicing if that is the case.
    Post by: [email protected], 15th Apr, 2021 at 11:25 AM in forum: Accounting & Tax
  6. Paul@PFI
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    SMSF, purchasing reidential property, partly used for commercial purposes

    The acqusition of "mixed use" property will have the following implications: 1. Cant be acquired from an associate / relative due to the...
    Post by: [email protected], 15th Apr, 2021 at 11:23 AM in forum: Accounting & Tax
  7. Paul@PFI
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    Cost Evidence for QS Depreciation Schedule

    The QS report is likley fine for the depreciation purpose as QS' have a concession that allows them to estimate those costs for the DEPRECIATION...
    Post by: [email protected], 15th Apr, 2021 at 11:12 AM in forum: Accounting & Tax
  8. Paul@PFI
    Post

    NSW Foreign Owner Land Tax Surcharge

    It isnt "granted" unless requested. It is recomended to request it on arrival. If you indicate no known return date they will generally issue the...
    Post by: [email protected], 15th Apr, 2021 at 11:08 AM in forum: Accounting & Tax
  9. Paul@PFI
    Post

    Female Accountant in Melbourne

    I find a request for a male or female tax or legal adviser a strange request. It suggests one party has a gender bias. Its not offensive. Just a...
    Post by: [email protected], 15th Apr, 2021 at 10:56 AM in forum: Accounting & Tax
  10. Paul@PFI
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    Hitting servicing limit. Are there loans that don't require income?

    If they are wealthy and are retirees they usually dont have significant debt. And no lender will lend high LVR for a $5-$10m property. (You would...
    Post by: [email protected], 9th Apr, 2021 at 4:49 PM in forum: Loans & Mortgage Brokers
  11. Paul@PFI
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    Down goes an alleged property ponzi scheme

    Greed on both sides. All it takes is the right conditions and people throw money at people too eager to just take it. Perfect climate for gullible...
    Post by: [email protected], 9th Apr, 2021 at 3:20 PM in forum: Property Experts
  12. Paul@PFI
    Post

    Positive Property Solutions

    I get a few emails a year from spruikers asking me to retract something. I'm sure Simon gets some requests to delete threads too. I dont retract...
    Post by: [email protected], 9th Apr, 2021 at 2:50 PM in forum: Property Experts
  13. Paul@PFI
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    Positive Property Solutions

    [ATTACH]
    Post by: [email protected], 9th Apr, 2021 at 2:36 PM in forum: Property Experts
  14. Paul@PFI
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    Positive Property Solutions

    Their goal is to create 10,000 property millionaires (although it’s not clear what the definition of a “property millionaire” is) Their goal is...
    Post by: [email protected], 9th Apr, 2021 at 1:02 PM in forum: Property Experts
  15. Paul@PFI
    Post

    Is backdating a letter legal?

    I would be reading the policy well and understanding what is and what is not covered under 1. Building policy clauses and 2. Contents policy...
    Post by: [email protected], 9th Apr, 2021 at 10:54 AM in forum: Legal Issues