Guys there has been a bit of talk about this pandemic making more people go looking for a bolt-hole out of the city Sounds plausible to me but...
That's actually really helpful, thanks VB King (and the others who replied!)
is it sensible to mention that "some of the other agents are doing it for X%" or does that usually not go down so well?
how would you phrase the question to the agent?
I'm looking to sell a vacant block of rural farmland. I've "interviewed" (chatted to) to a few local agents. The one who gets the vast majority of...
We don't have an accountant - we have always done our own tax returns. Sounds unanimous that we now need one though so I will investigate...
NSW South West and we're getting about 2.5% :-)
Yes, upon reading this it sounds like we are merely joint owners and not carrying on a business. So therefore the ATO's advice directed at Rental...
Well, we applied for a partnership ABN. If I recall this was so that we would have an ABN to put on the top of the invoice we send to the tenant...
Wife and I recently purchased a few hundred acres of vacant farm land and lease it out for about $15K/year. It is a 50/50 partnership wife and I....
Okay - all good. Got the info straight from the horses mouth (ATO) today. So it turns out I need to apply for a partnership ABN, but, as the rent...
So does what you said about needing to register for an ABN still stand? And the need to create tax invoices?
The rent isn't much - less than $16K per year
Just checked the contract of sale - the farm land was "GST-free because the sale is subdivided farm land or farm land supplied for farming under...
I have an ABN from a photography business I once planned to start (but never did). Wife has one for similar reasons. We don't currently use them...
This is a bit of a newbie question. My wife and I have never owned any investment properties or anything much before, but we've recently...
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