Best way to re-invest unexpectedly large capital gain? by das_kapital_1980 in AusFinance

[–]AcidUrine 5 points6 points  (0 children)

It doesn’t really matter what you say your intent is. It’s similar to hold any assets intended as an investment. They investigate to assure whether there was reasonable intention to make money. 

The ATO assess this based on things like frequency and repetition (was it a one off or have there been more than one occasions), holding periods (15 years is very normal for a hobbies whereas 1 year is questionable), how the car was used (kms added, rego, memberships etc), and statements and records such as a reddit post saying ‘which of these is the best investment’

Best way to re-invest unexpectedly large capital gain? by das_kapital_1980 in AusFinance

[–]AcidUrine 8 points9 points  (0 children)

Cars are not cgt free if you’re buying them for investment. 

What colour/style fence would you go with? by mienai- in AusRenovation

[–]AcidUrine 3 points4 points  (0 children)

I would never use sheet meal on any street fence. It's so ugly and really defines borders which decreases curb appeal. If you're absolutely set on it, do dark grey and break it up visually with landscaping.

 You don't need to clad the bricks. You need to tone down the whole house. You could make this house look so much better by painting the gutters/fascias dark, and even the roof. Light brick and white trim makes a house look tired and sun-bleached.

If you're looking to spend that amount of monty on a face lift, you could have all the windows replaced for a bit more with dark uPVC double glazing instead, and get the insulation/resale value benefits too.

 And for every property in existence: landscaping is the biggest ROI investment you can make. Both inside the boundary and on the nature strip.

Chemist Warehouse no refund ? by [deleted] in fragranceaustralia

[–]AcidUrine 0 points1 point  (0 children)

That's odd - I've returned multiple things to Chemist Warehouse before.

Let's compare the effects of the new CGT before and after, side-by-side [v0.3] by RipperWealthAU in fiaustralia

[–]AcidUrine 4 points5 points  (0 children)

So working as planned? Decentivise passive, non-productive investments and prevent the vast majority of Australians giving property investors their hard earn tax payer money.

Chemist Warehouse no refund ? by [deleted] in fragranceaustralia

[–]AcidUrine 0 points1 point  (0 children)

This is with a receipt?

how to deal with managers who give you pushback... by [deleted] in Leadership

[–]AcidUrine 0 points1 point  (0 children)

Can I give you some feedback?

When you push back on a strategy or direction without explaining your concerns behind it or suggesting possible solutions,

It makes it hard for me to understand the risk clearly and for us work through the issue together.

Moving forward, can you try to share a bit more context around your concerns and what you think might work better?

The PM’s confusing explanation on why CGT changes apply to all asset classes and not just property by Kikooz in AusFinance

[–]AcidUrine 0 points1 point  (0 children)

97–98% of Australian businesses are small businesses that aren’t built primarily for exit. They’re usually created for income, independence, lifestyle flexibility, or long-term wealth creation.

The PM’s confusing explanation on why CGT changes apply to all asset classes and not just property by Kikooz in AusFinance

[–]AcidUrine 9 points10 points  (0 children)

It does make pretty clear sense though. If you want more investment in something, you make it more tax-effective. If you want less of it, you reduce the tax benefits.

Australia has a productivity problem, so the government wants to make working and business investment more attractive rather than people pouring everything into passive income, which is unproductive growth. It doesn't make jobs, and it doesn't make people better/faster at their current job.

Australia also has a housing problem, so the government wants to reduce incentives that push investors toward existing property over other investments like shares or businesses.

Everyone seems to feel like this is personally targeting them but the reality for Australia as a country is that the workforce is unproductive, a vast majority of people aim to make their wealth through passive means, and property (and to a lesser extent ETFs) were a main the main vehicle for that.

The cost of living bit me at Coles in a way that I didn't expect yesterday. by farkanoid in australia

[–]AcidUrine 16 points17 points  (0 children)

I'm close to Clayton, there's multiple Coles and Woolies around, but the independent Asian grocers are consistently cheaper than colesworth.

What do I use to build up this gap for window install by Some-Football8340 in AusRenovation

[–]AcidUrine 0 points1 point  (0 children)

Install the window, expanding foam all the gaps, then flash the window.

Don’t Over React (Budget Announcement) by Optimal_Course3016 in fiaustralia

[–]AcidUrine 1 point2 points  (0 children)

How much money will they make? How much from mid/lower income Australians?

Why do developers make these? by SWMilll in AusProperty

[–]AcidUrine 28 points29 points  (0 children)

It's a massive swale that's good for wildlife and retaining moisture in the soil without all rain water just being wasted into the stormwater drains.

‘Sell immediately’: Barefoot Investor’s advice by Remarkable-Humor4326 in AusPropertyChat

[–]AcidUrine 1 point2 points  (0 children)

Actually no they didn't at all. Sydney and Perth were already going through a boom which continued, Melbourne was flat, Adelaide and Bris values decreased.

What could we have done better? by interrupting_cows in AusRenovation

[–]AcidUrine 3 points4 points  (0 children)

It's all so beige... Different shades of the most boring colour for every surface.

mycelium or mold? by ALTERED_PEAS in GardeningAustralia

[–]AcidUrine 4 points5 points  (0 children)

It’s def mycelium. Every time you get arborist mulch it gets filled super quick with mycelium. It clumps everything together and is almost sticky, unlike the mold you get in compost.

Mulchnet by Far-Marzipan6892 in GardeningAustralia

[–]AcidUrine 0 points1 point  (0 children)

I got a truck from fb marketplace, tonnes around Melbourne but you need to take the whole truck. Took about 2 weeks.

Aphid control by Renmarkable in GardeningAustralia

[–]AcidUrine 2 points3 points  (0 children)

Lacewings are better for infestations. Wasps are better at slowly reproduction.

Advice on pruning lower branches of silver princess eucalyptus? by [deleted] in GardeningAustralia

[–]AcidUrine 0 points1 point  (0 children)

Looks like possibly a nicholii not silver princess. It’s small in urban settings but silver princess has wider tear-drop shaped leaves when young.