Thoughts on the below? Seems good location and price (at least for yield). Curious to know sentiment of the suburb Falcon vs Halls Head which...
Thanks, appreciate it. The use of the word ‘cottage’ I’ve seen this a couple of times - just curious if there is some legal requirement based on...
Curious to know why there’s such a big discrepancy between 19 Jenner and the others? I noticed the listing calls it a “cottage”. What deems it a...
Thanks Terry - have not lived in either so won't get any CGT concessions there. And I hadn't thought about keeping that $50k loan open for...
Ah good point. The cost price of the IP2 was $300k (and with an initial reno of $20k and then more recently a $30k reno. Checking yield would be...
Hi there, I’d like to run a scenario with hypothetical figures to understand any gotchas or consideration points I may have missed. Please note...
Thank you all for the insight - hugely helpful!!!
Awesome, appreciate the insight - thanks a lot. I'll wait a day or two longer and if I still haven't heard back, I'll reach out.
Hi all, I have an existing depreciation schedule for an IP in Brissy. I've since had $30k of bathroom renovation costs which I now want to...
Sorry, IP - left out that detail - so not exempt from CGT!
Good point, sorry didn’t mention this. IP - so wouldn’t be exempt!
Awesome thank you, I’ll check the tips out! Can you please elaborate on “Perhaps not LMI if you have claimed it though” - in what scenario would...
Hi there, Hoping to get please get some clarity on CGT including costs associated with buying, selling and renovations. Hypothetically speaking,...
Hi there, My tenants had notified me of a wet wall in the bathroom a week ago. My PM sent out a plumbing company and checked it out (they did a...
Ahhhh, thank you!
If i'm losing $10k based on CGT, i've lost the $10k regardless - my query is more, can I not invest an additional $10k in the same year with the...
Got it thanks Terry, it would be a one-off sale at a loss (if a loss incurred) rather than buying back.
Appreciate the detailed response and super helpful, thank you Dan. Using my example, I'd be claiming the loss in the same year as the gain, ie....
Thanks Scott, I should have stipulated that yes, I would be selling, also within the same FY... Eg if the crypto had a 99% decline and went to...
Hi there, Hypothetically, if I know I had a CGT bill of $10k at EOFY waiting for me, can I not get a 'free kick' by investing $10k in...
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