Yes, Last year when I sold a property in Victoria. The conveyancer used PEXA. Just to clarify , so you transfer the $$ to the PEXA trust account...
Wow is the law really that crazy? I understand the adverse possession bit but then they have the right to choose when to officially do the...
Will u be stuck with the caveat forever? Can't u now build the fence based on the new boundary and jet your title to reflect that?
I have a newbie question. Let say if I install a split system onto my IP. The bill comes in at: 1000 for the unit and 1000 installation cost....
Thanks.
Ok my mistake when I wrote this: "Cost base the day it converted from IP to PPOR is 500K." It gives the impression that I took the market value of...
Yes I'm aware of that... Assumed the values I provided are all the "net values, all inclusive". I want to know is it as simple as adding the 50K...
Hi, Could you guys tell me if my calculation below is correct? An example. From day one 3 years as rental property. Cost base the day it...
Thanks. I think I get what you are saying.
I understand how CGT calculation is for property been converted from IP to PPOR. My question is when it becomes a PPOR.. I put in $50K to...
Hi, Could I add a further question on this thread. I have an IP. It was rented out from day one. Let say if converted the IP to PPOR. When I...
Thanks All.
Is it compulsory to get builder to give a breakdown cost from ATO view? Or just get a surveyor to estimate.
Hi, Let say if I build a new house for 400k and then turn it into IP from day one. I assume depreciation cost can't be as simple as 2.5% of 400k...
Thanks All!
Hi Is it ok from ato view to take a smaller new loan to pay for interest of an IO investment loan? And the interest on both the loans are tax...
Could someone confirm if this is true. If I'm married and my wife is not working. I apply for a loan just under my name, it seems that I could...
Hi, Normally when you buy an IP, your borrowing capacity takes nto account the potential rental income you will get after you purchased the IP and...
Do you have any site saying this or when? THanks
Thanks Terry for creating this thread. Now i know. :) I just noticed that ATO stated this point in their yearly tax guide for rental properties....
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