So here's my situation: I've been looking for my next OO property with plans to turn the current home to IP. Target was to settle by Feb, as I...
Consider this scenario. Homer & Marge are both "retired" & have a yearly income of exactly $45k each from rental income. Homer quit his job at the...
Hi All, We are mom and dad investor who recently stepped into the development game. I found an abundance of knowledge in this forum and really...
Hi PC forum.. First post here.. FHOB - PPOR - the contract has just gone unconditional, with settlement due in 3 weeks. Structure of loan: 160k...
Call me crazy but we are moving overseas in the middle of a pandemic.... Im compiling a list of things to discuss with our accountant, have I...
Hi Guys, New to this forum and have enjoyed reading the posts and realise there is some great knowledge on here. I have somewhat of an abstract...
Hi all, I'm looking to connect with an experienced accountant to set up for property portfolio. I'm Brisbane based but not sure if that matters....
An individual person holds Bitcoin for over a year with a certain Bitcoin exchange. When they sell it after holding it for over a year they will...
I am appointor, trustee and beneficiary of a discretionary testamentary trust account which has cash in the trust bank account that was a partial...
Hi forum members, My situation: -I'm a business owner who would like to buy a house for myself to live in long-term (principal place of...
Hi all, Can I please get some preliminary advice? Situation I am in: Bought a property with DA approved for duplex 12 months ago. Been living in...
I’m sure there’s a lot of people in this boat or at least something that a lot of people have given thought to. I’ve recently completed a couple...
Hi, I have an investment property worth about $650k, current loan is about $340k so it is slightly positively geared. I have a business and fairly...
Hi, I've got a few questions in relation to the above topics. I moved into my current house (newly built) in Dec 2019 and am planning to move out...
Hello I've read this forum for ages and have learnt a lot. Thank you! I have a PPoR and an IP. I owe money against both. A while ago, I...
Im trying to understand how or if collectables are taxed. The ato website had very limited info so thought i'd ask here. Ive been collecting...
Hi guys, we bought a property as a couple (PPOR), so both names are on the deed and on the loan. I am wondering, for tax purposes, is the split...
Hi, has anyone worked out what is the better strategy regarding type of loans and how a lender and ATO will look at things? I have a PPOR with...
I know that a Depreciation Report is worth its salt. However, is it worth it for every type of development? I have a friend who just purchased a...
Just wanted to ask a question as I was reviewing my tax return this year. For 2 of my properties I pay for the tenants water usage and then get...
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