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Tax Questions Answered
Question Hi JuliaMy first investment property I had been acquired on 24 March 2005 as a block of land (600sq.m) with existing old house built on this land with intention to rent it out for long term.Due its obsolescence this old house required sufficient capital improvement. Then at the end of 2008 I decided to …
Question Hi,My wife and I own 2 properties as Joint Tenants. Property A (our Primary Place of Residence – a unit) has no loan owing. Property B (a green title house) was bought with the intent of being an investment property and has been rented from the outset for the last 18 months with an …
Question Hi Julia I have a beach property which is currently rented for holiday rentals (I suppose this is no different to residential rent??) I am not registered for GST and I do not use the property for my personal use. I want to sub divide the property and build 2 units and then continue …
Question I purchased a property in march 2008 in the name of our discretionary family trust,with the intention to use as a rental property.It was rented for a period of 14 months.At this point in time severe structural termite infestation & water damage was discovered & it was determined the dwelling was to far gone …
Question My PPOR is avaialble to rent as a holiday house via a real estae agency with a management agreement in place. I am using the 6 yr rule. i want to use the house for 3 weeks and I beleive i won’t be liable for CGT on the personal use portion if it is …
Question I am a Singapore Resident for taxation purposes, as per Article 3 Section 2(a)(i) of the Singapore Australia Double Taxation Agreement, as I have a permanent home available to me in Singapore and don’t have a permanent home available to me in Australia.I am the sole Director and Owner of a ‘Singapore PTE LTD’ …
Question I own a property in my own right, as does a friend, who I have just moved-in with in order to rent-out my property, saving us both in general living expenses.My friend is temporarily helping me out financially until I’m able to establish a new stream of income & is paying all interest/leasing/advertising costs …
Question HiI am on a 140k per year income.My wife is a house carer who works part time earning arounf 4k to 5k per year. We have one daughter. I have a property in craigieburn for which was my own home purchased in sept 2007. I move to tassie and it was converted to investment …
Question In august API page 91 you mention mortgage trust as a way to protect available equity. Is it a normal discretionary trust with some extra provisions in it and if yes what are the extra clauses? Can one mortgage trust protect equity in a number of properties? Please provide more info so I can …
Question I bought an investment property in October 2009 and leased out in Feburary 2010. Because this rental property got a decent size backyard, it’s an ideal site for dual occupancy. Acturally, I’m applying planning permit with council. If the application is successful, I will build the back unit for rent as well to increase …
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