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  1. KayS
    Post

    Discretionary trust becoming a non-resident

    Thanks Terry. The Trust has invested in non-TAP only. The main point I wanted to clarify is that CGT I2 will occur on 1 July 2024, ie FY25, as...
    Post by: KayS, 8th Apr, 2024 in forum: Accounting & Tax
  2. KayS
    Post

    Discretionary trust becoming a non-resident

    Given the following scenario: Homer is the sole Trustee of the Simpons Discretionary Trust with himself and Marge as beneficiaries. During the...
    Post by: KayS, 7th Apr, 2024 in forum: Accounting & Tax
  3. KayS
    Post

    Tax Tip 23: The 6 year Absent from Main Residence Rule

    Keen to understand both actually: 1. The implications of paying PPOR stamp duty, but due to circumstance change, not actually move it. 2. In the...
    Post by: KayS, 31st Jan, 2024 in forum: Accounting & Tax
  4. KayS
    Post

    Tax Tip 23: The 6 year Absent from Main Residence Rule

    Thanks Terry. Reading the link below, seems I can proceed to purchase as PPOR, but report to QRO if my circumstances change and pay the...
    Post by: KayS, 30th Jan, 2024 in forum: Accounting & Tax
  5. KayS
    Post

    Tax Tip 23: The 6 year Absent from Main Residence Rule

    Hello brains trust! My PPOR is currently Melbourne. I purchased a property in Brisbane with a view to making it my new PPOR and renting out my...
    Post by: KayS, 29th Jan, 2024 in forum: Accounting & Tax
  6. KayS
    Post

    deductions for travel?

    Thanks for the detailed response Paul.
    Post by: KayS, 22nd Feb, 2023 in forum: Accounting & Tax
  7. KayS
    Post

    deductions for travel?

    Yes I am the trustee Terry (drawn up by yourself ;). I understand if I traveled interstate for the day to visit my agent, the full amount will be...
    Post by: KayS, 22nd Feb, 2023 in forum: Accounting & Tax
  8. KayS
    Post

    deductions for travel?

    Hi Guys Is the cost of travel to meet tax agent interstate to complete trusts tax return a valid deduction? Does the cost need to be apportioned?...
    Post by: KayS, 21st Feb, 2023 in forum: Accounting & Tax
  9. KayS
    Post

    Interest on Borrowed Funds to Pay Stamp Duty

    Thanks Paul and Terry for responses. Been reading up on Capitalised Interest, interesting views around. (no pun intended :)
    Post by: KayS, 21st May, 2021 in forum: Accounting & Tax
  10. KayS
    Post

    Interest on Borrowed Funds to Pay Stamp Duty

    Hi All I appreciate that stamp duty is not a claimable expense, but is used in calculating the cost base of property. If you borrow funds to...
    Post by: KayS, 20th May, 2021 in forum: Accounting & Tax
  11. KayS
    Post

    Tax Tip 16: Capitalising Interest

    Thanks Terry. Sorry, I totally missed that! :oops: If i leave the interest to capitalise in the LOC, but keep the rent in a non-linked savings...
    Post by: KayS, 17th Dec, 2018 in forum: Accounting & Tax
  12. KayS
    Post

    Tax Tip 16: Capitalising Interest

    Hi Terry I am diverting the rent to a savings account. The LOC is used solely for paying expenses for the rental property. My plan was to claim...
    Post by: KayS, 17th Dec, 2018 in forum: Accounting & Tax
  13. KayS
    Post

    Tax Tip 16: Capitalising Interest

    Not significant tax advantage currently, but overtime as the borrowing to pay for the expenses increases, then yes. My concern was step 1...
    Post by: KayS, 16th Dec, 2018 in forum: Accounting & Tax
  14. KayS
    Post

    Tax Tip 16: Capitalising Interest

    Hi All First of all, thanks Terry for all the tax tips. It's truly a treasure throve! Would like some advice from the knowledgeable members of...
    Post by: KayS, 16th Dec, 2018 in forum: Accounting & Tax
  15. KayS
    Post

    Tax Tip 4: Borrowing to Pay investment expenses

    understood... thanks for the response guys.
    Post by: KayS, 2nd May, 2018 in forum: Accounting & Tax
  16. KayS
    Post

    Tax Tip 4: Borrowing to Pay investment expenses

    @Terry_w, Thanks for posting all the tax tips. Hope I'm not repeating a question (highly likely I am.. so apologies). Can I please explore the...
    Post by: KayS, 30th Apr, 2018 in forum: Accounting & Tax
  17. KayS
    Thread

    Terrace renovations in Strata

    Hi All I live in Melbourne and my Apt has a decent size terrace, which is not covered. It's a large building and this terrace is unique to the...
    Thread by: KayS, 1st Nov, 2016, 0 replies, in forum: Renovation & Home Improvement
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