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Question Hi. My partner is working FIFO in Port Hedland. He is on a fixed 4 weeks on 4 weeks off, but is still casual. He receives an allowance which is named on his payslip as ‘breakfast reimbursement, lunch reimbursement, dinner reimbursement’, as well as ‘joining / leaving expenses’ We are reasonably confident that he …
Question About 10 years ago I bought an investment property via a unit trust in a SMSF. At that time the only way to have a property in a SMSF was to also set up a unit trust. The property is 60% SMSF and the company loaned 40%. During the ownership of the property the …
Question I have a variable loan with limit of 450k which i can use to buy proprties. I m intend to use part of this money to do renovation on 4 existing IPs that , 2 hold 100% my name, 1 hold 100% husband name, 1 is held 50%/50% tennants in common. My accountant suggest …
Question In 2009, my wife inherited her mother’s property in Williamstown, Victoria and paid out $174,000 in probate and estate costs. From June 2009 until now (March 2015) we have paid out around $16,000 in rates, bills and insurance costs to maintain the property during the long probate period and settlement of an insurance claim …
Question Hi,We are considering knocking down our main residence, subdividing the land and building 2 x new homes on this land.We will live in one of the homes.We are undecided whether we rent or sell the second home.Can you please help us understand any CGT implications of selling versus renting this second house and any …
Question I live in Australia and am a tax resident of Australia (having migrated here from New Zealand in 2012). I own a NZ-incorporated company that invests in rental property in the NZ market only. It currently owns a single rental property that is managed by a NZ-based property manager.Questions:1. Can you confirm that given …
Question – I purchased an investment property in Jan 2012 for $576K with an interest only Loan(A) of approx. 530K with a plan to develop 2 or 3 units and sub divide for investment purposes– It has been rented out 100% of the time up until it was demolished in June 2014– I am currently …
Question Having read your books, need some further clarity on my situation.My PPoR is a pre-CGT asset,(purchased Jan’1984),now mortgage free, we have purchased another property, currently under renovation that we plan to move into as our new PPoR, it will also be mortgage free (in approx 8 months) by the time we move in.We plan …
Question Hi want to help my daughter buy a home . I like simple but I also want to protect the asset as much as possible from her live in boyfriend. I want to avoid capital gains tax where possible . I was especially interested in page 78 of " Winning Property Tax Strategies " …
Question My wife and I own a house in Tasmania. It was purchased for $500,000 7+ years ago. We did not have any mortgage on it. We moved to Victoria 1 year ago for my wife’s work. We rented our Tasmanian house out. It was probably valued at about $480,000 then (1 year ago).We rented …
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