tazzieman Posted 24July, 2018 Report Share Posted 24July, 2018 An A/C 911 is fun. Paying off a huge mortgage whilst juggling priorities trying to raise a happy family in a desperate city environment is not. I wonder why people do it? I guess it's seen to be harder outside the city? (Some) Europeans have a better approach. Many don't even bother with mortgages , which opens up a whole new lifestyle of fashion , exotic cars and travel. Some Australians also. Quote Link to comment Share on other sites More sharing options...
TwoHeadsTas Posted 24July, 2018 Report Share Posted 24July, 2018 1 hour ago, Raven said: As I mentioned above I have a large property that will hopefully be sold in the next 5 years or so ....In regards to it being tax free my accountant tells me that I have to pay capital gains Tax on 20 acres of the 25 in total ,,,,,I am only exempt capital gain on the 5 that I lived on and not the rest ... Ok yes I am going to make some serious money out of this but it still pisses me off that they want capital gain on a property that I lived on for 10 years and paid all of the rates and every other fee associated with property owner ship and I still run my business there ........The government Grubs are going to get several million out of me in capital gains tax unless I can figure out some way of getting out of it ........ I rather spend that money on crap than give it to them ... I reckon your beancounter is right Raven, just make sure you find some way to maximise the allocation of purchase cost against the 20 acres if you can. I'm sure when you bought it initially the house was falling down and wasn't worth anything? And possibly part of your holding costs (rates, land tax, interest etc) can be taken into account if they weren't claimed as deductions. Always work on the basis that every little bit helps ? firstone and Raven 2 Quote Link to comment Share on other sites More sharing options...
firstone Posted 24July, 2018 Report Share Posted 24July, 2018 1 hour ago, Raven said: As I mentioned above I have a large property that will hopefully be sold in the next 5 years or so ....In regards to it being tax free my accountant tells me that I have to pay capital gains Tax on 20 acres of the 25 in total ,,,,,I am only exempt capital gain on the 5 that I lived on and not the rest ... Ok yes I am going to make some serious money out of this but it still pisses me off that they want capital gain on a property that I lived on for 10 years and paid all of the rates and every other fee associated with property owner ship and I still run my business there ........The government Grubs are going to get several million out of me in capital gains tax unless I can figure out some way of getting out of it ........ I rather spend that money on crap than give it to them ... Check for land tax as well on sale. Half heard a conversation on this a few months ago. Quote Link to comment Share on other sites More sharing options...
flamingporsche Posted 24July, 2018 Report Share Posted 24July, 2018 5 hours ago, Raven said: As I mentioned above I have a large property that will hopefully be sold in the next 5 years or so ....In regards to it being tax free my accountant tells me that I have to pay capital gains Tax on 20 acres of the 25 in total ,,,,,I am only exempt capital gain on the 5 that I lived on and not the rest ... Ok yes I am going to make some serious money out of this but it still pisses me off that they want capital gain on a property that I lived on for 10 years and paid all of the rates and every other fee associated with property owner ship and I still run my business there ........The government Grubs are going to get several million out of me in capital gains tax unless I can figure out some way of getting out of it ........ I rather spend that money on crap than give it to them ... Just spitballing here @Raven ... Sell it in 5acre lots. Move from 1 to the next and so on maintaining principal place of residence as u go. Might take a bit more time and effort but if you’re talking millions, then the effort might be worth it?? Raven 1 Quote Link to comment Share on other sites More sharing options...
Raven Posted 24July, 2018 Report Share Posted 24July, 2018 52 minutes ago, flamingporsche said: Just spitballing here @Raven ... Sell it in 5acre lots. Move from 1 to the next and so on maintaining principal place of residence as u go. Might take a bit more time and effort but if you’re talking millions, then the effort might be worth it?? Now your onto something I could move the house from one block to another every couple years ............... Troubleshooter and flamingporsche 2 Quote Link to comment Share on other sites More sharing options...
PhilH Posted 24July, 2018 Report Share Posted 24July, 2018 3 minutes ago, Raven said: Now your onto something I could move the house from one block to another every couple years ............... Don't discount it...I did exactly that with a house in Brisbane many years ago...sold the land for commercial development and took the house to another nice riverside suburb! I even got to take the fencing and all the garden plants with me!! (different truck though :-) ) Raven 1 Quote Link to comment Share on other sites More sharing options...
LeeM Posted 24July, 2018 Report Share Posted 24July, 2018 10 hours ago, TwoHeadsTas said: My daughter and her partner have just paid $490k for a 2 yo 2 B/R Unit in Essendon, I couldn't imagine having a mortgage of near that size around my neck at the age of 24 (although at that age I was paying 18% interest rate on my mortgage....). In Launceston that would buy you a very nice house in virtually any suburb... $490k would buy you a 3 bed house on 800sqm in my street! Quote Link to comment Share on other sites More sharing options...
Niko Posted 24July, 2018 Report Share Posted 24July, 2018 4 minutes ago, LeeM said: $490k would buy you a 3 bed house on 800sqm in my street! $490K would buy all of Carrum Downs. LeeM, Airhead, Troubleshooter and 2 others 3 2 Quote Link to comment Share on other sites More sharing options...
StevepGT3 Posted 24July, 2018 Report Share Posted 24July, 2018 3 hours ago, Niko said: $490K would buy all of Carrum Downs. Do meth labs raise or lower values? Niko and Troubleshooter 2 Quote Link to comment Share on other sites More sharing options...
Harvs11 Posted 24July, 2018 Report Share Posted 24July, 2018 9 hours ago, StevepGT3 said: Do meth labs raise or lower values? Tax implications of a commercial property might come into play here? firstone 1 Quote Link to comment Share on other sites More sharing options...
StevepGT3 Posted 24July, 2018 Report Share Posted 24July, 2018 7 minutes ago, Harvs11 said: Tax implications of a commercial property might come into play here? The House next door to us was a grow house for a while a few years back, not taking into count the commercial benefits and subsequent jail time/ fines of the grower,I feel that the tax benefits were outweighed by refurbishment costs to the owner.was wondering if meth houses suffered the same fate. Quote Link to comment Share on other sites More sharing options...
OZ930 Posted 25July, 2018 Report Share Posted 25July, 2018 1 hour ago, StevepGT3 said: The House next door to us was a grow house for a while a few years back, not taking into count the commercial benefits and subsequent jail time/ fines of the grower,I feel that the tax benefits were outweighed by refurbishment costs to the owner.was wondering if meth houses suffered the same fate. Meth houses suffer from residual toxic contamination which renders the house unsafe for occupation. Quote Link to comment Share on other sites More sharing options...
StevepGT3 Posted 25July, 2018 Report Share Posted 25July, 2018 5 minutes ago, OZ930 said: Meth houses suffer from residual toxic contamination which renders the house unsafe for occupation. Sounds like some suburbs would therefore benefit with bulldozer restoration. Raven 1 Quote Link to comment Share on other sites More sharing options...
Raven Posted 25July, 2018 Report Share Posted 25July, 2018 They could make a tv show about it called Meth Lab knock down and rebuilds ...........couldnt be any worse than the crap currently on free to air TV Cars And Coffee Byron Bay, StevepGT3, Troubleshooter and 3 others 6 Quote Link to comment Share on other sites More sharing options...
LeeM Posted 25July, 2018 Report Share Posted 25July, 2018 2 hours ago, Raven said: They could make a tv show about it called Meth Lab knock down and rebuilds ...........couldnt be any worse than the crap currently on free to air TV Which is why I have Foxtel! ? Raven 1 Quote Link to comment Share on other sites More sharing options...
OZ930 Posted 25July, 2018 Report Share Posted 25July, 2018 1 hour ago, LeeM said: Which is why I have Foxtel! ? Now try and get out of it ! LeeM 1 Quote Link to comment Share on other sites More sharing options...
LeeM Posted 25July, 2018 Report Share Posted 25July, 2018 1 hour ago, OZ930 said: Now try and get out of it ! Neverrrrrrrrrr!!! Too much motorsport to watch Troubleshooter 1 Quote Link to comment Share on other sites More sharing options...
OZ930 Posted 26July, 2018 Report Share Posted 26July, 2018 12 hours ago, LeeM said: Neverrrrrrrrrr!!! Too much motorsport to watch Sounds like they have you hooked. I refuse to pay for something I watched free for years, but it doesn't matter, racing these days has lost something. Quote Link to comment Share on other sites More sharing options...
LeeM Posted 26July, 2018 Report Share Posted 26July, 2018 2 hours ago, OZ930 said: Sounds like they have you hooked. I refuse to pay for something I watched free for years, but it doesn't matter, racing these days has lost something. I've had Fox nearly since it started in Oz mate. We watch loads of doco's and movies too Agree about racing, just look at F1! Quote Link to comment Share on other sites More sharing options...
OZ930 Posted 26July, 2018 Report Share Posted 26July, 2018 9 minutes ago, LeeM said: I've had Fox nearly since it started in Oz mate. We watch loads of doco's and movies too Agree about racing, just look at F1! We had Austar/Foxtel because we were sick of ads on the commercial stations. We enjoyed the doco's, old movies and some of those other shows, but then ads came in more and more. So much for sitting and watching something uninterrupted. We were now paying for ads. So after five or more years of trying to get rid of it, with their ever cheaper and cheaper deals with more access to other categories of shows etc, we finally got rid of them. We won't be back. You want a better deal, tell them you want to cancel the contract. firstone and LeeM 2 Quote Link to comment Share on other sites More sharing options...
firstone Posted 26July, 2018 Report Share Posted 26July, 2018 Sounds like vodaphone. ? LeeM and OZ930 1 1 Quote Link to comment Share on other sites More sharing options...
LeeM Posted 26July, 2018 Report Share Posted 26July, 2018 3 hours ago, OZ930 said: We had Austar/Foxtel because we were sick of ads on the commercial stations. We enjoyed the doco's, old movies and some of those other shows, but then ads came in more and more. So much for sitting and watching something uninterrupted. We were now paying for ads. So after five or more years of trying to get rid of it, with their ever cheaper and cheaper deals with more access to other categories of shows etc, we finally got rid of them. We won't be back. You want a better deal, tell them you want to cancel the contract. Yeah the ads suck on doco channels, and I just counted 9 ads between movies on the comedy channel! I have done the I'm gunna cancel' thing and got $30 a month off, yet am going to hit them again soon. We're home bods as we enjoy being home, and the missus is a movie freak (who picks some really crap movies to watch!) so we won't be getting rid of it. A neccesary evil I spose you could call it. 3 hours ago, firstone said: Sounds like vodaphone. ? Definitley! Been a loyal supporter of them for years too and have just got a new deal which is $30/month cheaper Quote Link to comment Share on other sites More sharing options...
OZ930 Posted 26July, 2018 Report Share Posted 26July, 2018 2 hours ago, LeeM said: Yeah the ads suck on doco channels, and I just counted 9 ads between movies on the comedy channel! I have done the I'm gunna cancel' thing and got $30 a month off, yet am going to hit them again soon. We're home bods as we enjoy being home, and the missus is a movie freak (who picks some really crap movies to watch!) so we won't be getting rid of it. A neccesary evil I spose you could call it. Definitley! Been a loyal supporter of them for years too and have just got a new deal which is $30/month cheaper My Mrs is a movie freak too, so we have Netflix. Free movies, can watch favourite TV shows on demand free and no ads. So Neighbours is over in 20 minutes instead of 30 and she can watch it on her computer if I am watching something more important. Not that ever is.....right ? LeeM 1 Quote Link to comment Share on other sites More sharing options...
Tips Posted 26July, 2018 Report Share Posted 26July, 2018 @LeeM hit them up again for a discount and then put the $ saved into a Netflix account, that’s what I did, mrs and daughter happy so winner all round ? LeeM 1 Quote Link to comment Share on other sites More sharing options...
81SC Posted 26July, 2018 Report Share Posted 26July, 2018 Yeah another Netflix family here, I think we watch more Netflix than commercial TV. I had never seen any of the Jason Bourne movies until recently binge watching them on Netflix. My latest series addiction is Designated Survivor with Kiefer Sutherland & Maggie Q. Quote Link to comment Share on other sites More sharing options...
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