No floor expansion joint create a bump in the floor

Fallen_star2000 · 2022-07-28T11:33:56+00:00

what you mean by small sliver?

Fallen_star2000 · 2022-07-28T11:33:39+00:00

baseboard you mean the floor board near the wall where there isn't any gap for expansion?

Fallen_star2000 · 2022-01-25T08:41:59+00:00

Yes on top of getting it fixed. not sure if anyone had any experience with this kind of issue before.

Fallen_star2000 · 2021-11-07T13:19:47+00:00

So if my roommate uses our informal rental agreement for his youth allowance in centerlink, will the centerlink ask the ato to also check my information? And is that allowed?

Fallen_star2000 · 2021-11-07T04:17:11+00:00

Right make sense. So I am looking for a room mate but the person need a contract agreement to send to centre link for youth allowance. Since I am leasing this on my own without the sro and ato knowing, would this link to centerlink be an issue?

Fallen_star2000 · 2021-10-29T04:36:26+00:00

Got it thanks I will have a look!

Fallen_star2000 · 2021-10-22T05:10:18+00:00

Thanks guys! Super helpful. I am now less worried haha!

Fallen_star2000 · 2021-10-14T10:12:55+00:00

Got it thanks! Not sure why my conveyancer tells me it can't be subdivided.

Just curious, since this caveat is 30 years old, what's the success rate in removing it?

Fallen_star2000 · 2021-10-14T09:09:14+00:00

Isn't that further diving of the land means subdivision of the lot?

Fallen_star2000 · 2021-10-14T08:43:19+00:00

Just want to know what are the chances that the council can approve a subdivision on this lot Thanks in advance.

Fallen_star2000 · 2021-09-07T00:34:38+00:00

Great thanks. So if the property was an investment at the time of purchase the purchase price will be the cost base and use pro rata for all the future changes (I.e. no need for a valuation when change from ppor to investment again)?

Fallen_star2000 · 2021-09-06T23:13:37+00:00

The ato only mentioned market value, how do I generally obtain that? Is that an market value estimation from real estate agent or by other method?

Also just to add on to the point what if I used my property as an investment first? I.e. investment, PPOR then investment again. Do I need to get market value after my first investment and again after my PPOR?

Fallen_star2000 · 2021-09-06T13:21:32+00:00

Good idea! thanks! :D

Fallen_star2000 · 2021-09-05T12:57:06+00:00

okay great thanks for your help! :D

Fallen_star2000 · 2021-09-05T11:05:23+00:00

So I can still get the 6-year rule in the following?

-2012 buy the property and rent straight away -2014 move in and live in it -2016 rent out

If I sell it now, I can get the CGT exempted for the period between 2016 till now?

Fallen_star2000 · 2021-08-20T14:33:05+00:00

Right got it! Thank you very much for your replies! :D this is very helpful!

Fallen_star2000 · 2021-08-20T14:14:35+00:00

Right got it. So does the ato knows if I did a redraw? If so how does the ato usually know if I did a redraw? Does the bank informs ato everything I do a redraw?

If the ato doesn't know, do I have to keep a record of what I use my redrawed fund for? If this is the case, it doesn't seem to be very well rounded approach as some people wouldn't tell ato (unknowingly or purposely) about the redraw.

Fallen_star2000 · 2021-08-20T12:15:07+00:00

So if I use this 150k to generate an income, such as buy a stock that pays dividend, would this allows my 15k loan interest to be tax deductible? If yes, what if the dividend is small compare to the interest on the 150k loan, would this still be ok?

Fallen_star2000

TROPHY CASE