Comments for House Of Wealth

Comment on CGT Exemption: PPOR -> IP by James Gatherum-Goss

James Gatherum-Goss — Mon, 19 Jul 2010 06:42:55 +0000

Nice one, Danny.

Later this week, can you tell us what happens if you have a PPOR, and then lease it out for say, seven years after moving out?

And, maybe what happens when you have a PPOR, then lease it out for five years, move back in for two, then lease it out again for another three or four before selling it…?

Comment on Tax Planning 101 – Travel Expenses by barry

barry — Sat, 12 Jun 2010 12:30:01 +0000

Great to see some tax planning tipe, they change each year with government incentives or strategies we need someone to point out tips and tricks, especially when relating to trusts etc

Comment on 2010/11 Budget Review by Jonathan

Jonathan — Mon, 31 May 2010 00:56:21 +0000

July 2012 is a long way off too for planning purchases – thanks for the clarifications James!

Comment on Free residex reports by Peter B

Peter B — Fri, 28 May 2010 12:12:40 +0000

am i too late?

Comment on 2010/11 Budget Review by James Gatherum-Goss

James Gatherum-Goss — Tue, 25 May 2010 02:36:55 +0000

Hi Jonathon,

For small businesses, yes, it will mean that assets like computers can be written off in full at the time of purchase. That will give some great tax benefits and ideally, will encourage more spending in the process. That said, it’s still just a proposal at this point, so let’s not get too excited just yet…

Comment on 2010/11 Budget Review by Jonathan

Jonathan — Tue, 25 May 2010 01:47:10 +0000

Curious about the “Companies purchasing assets under $5000″ – does this cover deprecable assets like computer equipment as well? So if I buy a new computer for $3000, does the cost get instantly written off, or does it fall under the current deprecable assets rule where the cost is offset a little bit at a time each year?

Comment on Tax Planning 101 – Medical Expenses by Dale

Dale — Fri, 21 May 2010 02:02:34 +0000

Great stuff!
Thanks for these suggestions. They are very helpful.
Well done guys!

Comment on Free residex reports by Jacqueline

Jacqueline — Mon, 10 May 2010 23:07:31 +0000

Hi Danni, I would like 2 vouchers for Residex Comparative Market Property Report. Thanks!

Comment on Property analysis #9 – off the plan by J

Thu, 18 Mar 2010 06:36:53 +0000

Thanks for chasing that up!
Unfortunate for us Qld investors…the other alternative is to go interstate!
Cheers

Comment on Property analysis #9 – off the plan by Danny Holwell

Danny Holwell — Thu, 18 Mar 2010 05:27:07 +0000

Ok, I’ve done some reading of the legislation. Chapter 2 in particular.
http://www.legislation.qld.gov.au/LEGISLTN/CURRENT/D/DutiesA01.pdf

So upon further investigation, it looks like QLD is slightly different with their duties legislation, in that transfer duty is actually calculated on the full purchase price. So, in the case of an OTP purchase, transfer duty will be applicable to the full amount at time of purchase, not just the land value.

Hmmm… bad news for the Queensland investors out there. Maybe buying the land and then entering a separate contract to contruct on it later could be an idea? Time for some more reading!

Keep up the research and let me know if you’ve ever got any queries.

Cheers :)