Council Waste Voucher's..

Discussion in 'Property Management' started by willair, 25th Jan, 2020.

Join Australia's most dynamic and respected property investment community
Tags:
  1. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Maybe a lot don't get to use or see the XX 100 kg BCC -Waste Vouchers that come with your rates notices as some may have the ''PM's'' look after that side of the rental business..

    But for those like myself ,i don't use them at all for as the maximum of ten vouchers can be used in one transaction..

    I just think it's better to pay per general or green waste as you use the service ,use the card that comes up in the bank statement's and tax time in early March it's another deduction that can be claimed plus klm's ..

    What do most investor do,use the vouchers ,or pay the dump costs then claim at tax time?..
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    20,265
    Location:
    Sydney or NSW or Australia
    Why are you using the tip for your IPs? Either give them to the tenants or have council charge higher rates.
     
    Michael Mitchell likes this.
  3. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Just for end of lease clean-up's rubbish trim the trees from around the property,one a week ago ,and another in 3 weeks..
     
  4. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,574
    Location:
    Melbourne
    i just send them to my PM pass onto the tenant for good will gesture
     
    Dan Wood likes this.
  5. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Thanks ,maybe i asked the wrong question..
    This is for people who when the lease is finished ,that are hand's on in the clean-up prior to the property going on the PM'S rental listing..''TAX'' wise from my outside box way of thinking it's just better to pay the dump fees --klm's then claim the costs when the tax is complete the first week of march..imho..
     
  6. kierank

    kierank Well-Known Member

    Joined:
    10th Oct, 2005
    Posts:
    7,698
    Location:
    Gold Coast
    I pay the Rates, I keep the vouchers :eek:.

    Simple :D.
     
  7. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    ''kierank'',that's what i like total control as there is no mistake's that way..
    But say like ,not saying you do any clean-up's ,but who ever does do they use the BCC vouchers or pay the dump fees,it may only be small change but as we pay our tax first week of march every cent i don't have to pay the ATO helps as the Government never seems to spend it the way i want..
     
    kierank likes this.
  8. kierank

    kierank Well-Known Member

    Joined:
    10th Oct, 2005
    Posts:
    7,698
    Location:
    Gold Coast
    @willair, I live on 5 acres.

    I need every dump voucher I can get :eek:.

    Dump fees are tax deductible for IPs, not so for PPOR :D.
     
    craigc and Michael Mitchell like this.
  9. Michael Mitchell

    Michael Mitchell Property Manager Business Member

    Joined:
    17th Sep, 2018
    Posts:
    757
    Location:
    Brisbane
    There was this awesome time a few years back where the tip would give you receipts with $ value on them when you 'paid' using vouchers - that was a good time for one of my businesses, then the tax office caught on to it I can only assume and they changed it so when you paid with vouchers the receipt said $0 etc.
     
    kierank likes this.
  10. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,346
    Location:
    Mt Druuiitt
    Uh oh.....I sell the vouchers to my tenants....just before rent reviews.
     
  11. Tom Rivera

    Tom Rivera Property Manager Business Member

    Joined:
    1st Jul, 2015
    Posts:
    2,133
    Location:
    South East Queensland
    Wait, don't you just burn everything? :D I don't know how people on small blocks get rid of all their garden waste without a good bonfire every few months.... What an inconvenience having to go to the dump.
    ______________________________________________________

    @willair I'm not sure if I've misunderstood the question, but why wouldn't you use the vouchers if they're free? If you don't have enough vouchers or you're over the limit, sure, but why not if you can use them?
     
    kierank and Michael Mitchell like this.
  12. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Tom,as we fix the tax up in about 5 weeks each year from 2018-2019 just trying to claw back every cent..

    Just the way i look at things,if i use the BCC vouchers, as i'm no Accountant then it's only the klm's that can be claimed when i do the clean-up's by just paying with the debit card i use for everything then the cost even as it's very low in dollar terms it all adds up..
    Sorry if i come across as confusing just the way i think..
     
  13. Tom Rivera

    Tom Rivera Property Manager Business Member

    Joined:
    1st Jul, 2015
    Posts:
    2,133
    Location:
    South East Queensland
    But surely getting something for free is better than getting a 30% tax discount on it?
     
    TMNT and kierank like this.
  14. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Just the way i think,and that small amount x several times will pay for the hamburgers at Ferburger's in Queenstown NZ in a few weeks time watching life walk past..

    Tom ,that's one of the problems one can carry all your life when you start with nothing ,and have a dream and never ever give up..
     
    Last edited: 30th Jan, 2020
  15. kierank

    kierank Well-Known Member

    Joined:
    10th Oct, 2005
    Posts:
    7,698
    Location:
    Gold Coast
    I used to try and do that - burn old paint tins, sump oil, old cars, old car tyres, batteries, ... - but the neighbours weren’t that impressed and property prices dived :p.

    On a serious note, we do burn all of our garden green waste. On the weekend, I had four fires going in the back paddock - the neighbour came down and took photos/video for about 10 mins. I blew him a couple of kisses so he knew that I saw him.

    About 10 years ago, when we were moving out of the old house (to knock it down and build), I took 2.5 tonnes of waste to the tip using vouchers. Didn’t pay a cent :eek:.

    Now we are preparing to downsize. BCC vouchers are coming in handy again :D.
     
    Tom Rivera likes this.
  16. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,574
    Location:
    Melbourne
    1. burn heaps of nasty stuff]
    2. Property prices Dive
    3. BUY BUY BUY!!!
    4. Stop burning
     
    craigc, Tom Rivera and kierank like this.
  17. kierank

    kierank Well-Known Member

    Joined:
    10th Oct, 2005
    Posts:
    7,698
    Location:
    Gold Coast
    It is a great strategy as long as the capital gains exceed the fines :D.

    Not advice.
     
    TMNT likes this.
  18. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    8,861
    Location:
    Adelaide and Gold Coast
    OK so...

    Get something for $0. End result $0
    Get something for $100, get $30 back on tax. End result down $70. So that small amount of $30 each time is moving you backwards not forwards toward your hamburgers.
     
  19. willair

    willair Well-Known Member Premium Member

    Joined:
    30th Sep, 2009
    Posts:
    5,512
    Location:
    ..Village Idiot...
    Thanks D.T. -that's why i come in the site each day to learn ,and looking at it that way you are all correct ..thanks..