PPOR Valuation $1.4m Mortgage $700,000 Redraw $350,000 Note: The funds sitting in redraw were originally borrowed as a split for future business...
Hi all, I'm new to the forum and excited to have some interesting conversations around property! I've been in the property investing game since...
My wife and I are jointly owns the company which is operating for last 8 years.Company has retained profits. We are planning to start a family...
I am purchasing company A from a friend for $1. Company A owns a property I am then going to sell that property. What are the tax implications?
Development Scenario Site Purchase: $1.25million (+$50K Stamp Duty) under COMPANY ENTITY Total Development Cost (including GST): $850K...
Hi PropertyChat, I have a NSW property OO, I am wanting to move to a larger place, and wanted to give my sister my current OO property. What's the...
With more and more people looking at creative ways to manufacture equity like subdividing and/or developing, I think the below question is pretty...
Hello, Recently I received a lump sum of money (>$1m) and would appreciate some advice. I have an existing PPOR loan ($500k debt left) and I've...
Hi everyone, Melbourne Based broker here. Bit of a long-shot but thought I'd try my luck. South East Melbourne based, looking to form a business...
Normally, only the cost base of an investment property is recorded in bookkeeping, such as purchase price, purchase costs, improvements,...
Hi All, I usually took a dividend from my company profit. I'm thinking about paying myself a salary per monthly basis. For that I got a quotation...
Hi All, Hoping someone can point me in the right direction. I recently contacted BMT to arrange a depreciation schedule for a PPOR property that...
Good afternoon, We are looking at finding an accountant who could look over our family trust and provide a signed letter stating that the trust...
When I get paid, I split my income into three accounts. Bills, personal and savings. My question is too do with my billing account. I get paid...
Good morning, To begin with, thanks to those on this forum. Your posts are tremendously helpful and have been great to read. I post here today...
Hi Everyone, Go easy on me please. I appreciate the knowledge you all impart on this forum but also aware this question is going to see stupid to...
Hi all, We're developing a block of land in South East Queensland and are looking for advice on minimising capital gains tax potentially using a...
I am partnering with another developer to do a multi staged land subdivision. We both have our own structures with co's and trusts. For the...
Amateur question, but suppose a property investor sets up a trust, are the ongoing accounting fees for the trust deductible against the Trustee's...
I have a tax question related to investment loan. I got really confused and yes, I will be talking to tax accountant, but just wanted to get some...
Separate names with a comma.
