nicolemcmilllon » user profile

thats fine, then account for inflation on all gains etc. but this doesnt interfere with abolishing capital gains discounts and negative…

"housing investors" is the issue here. shares are investments we cant eat or sleep in shares houses are not inherintly investments they are…

unfortunately most people only see things from their perspective and what directly affects them so of course this person with 3 fully paid…

i am in complete agreement with you. and my initial comment said as such. I was just replying to the commenter to thought property has some…

there is never an allowance made for inflation in any calculation why should this be any different lol sorry bud, you're going to have to…

to play devil's advocate, the only reason I think it should be removed from this particular investment class is that some poeple don't view…

I agree with you which is why my initial comment advised i was in favour of taking away some of the benefits due to property being…

if you're going to discount the gain by 50% then discount the negative gearing by 50% too. doesnt make sense to fully write off all…

what hand outs are available for property that aren't available for shares? shares can also be negatively geared. shares can also qualify…

Negative gearing makes sense on assets that can go up and down. Therefore by investing (which means there is a risk of loss) then you…

Need a deal for the k4 its much better. Anything around $350? Missed out on super cheap auto deal few days ago coz of no stock

If its $299 you'll get a tax benefit of about $100 depending on your tax rate. Just claim it and move on.

absolutely infuriating. 6k isn't cheap and to think theres nothing spectacular for that price point is crazy. worst part is, even if you…

Whats the best 75"-77" TV for around 5-6k?

why did they go down in quality. I mean there is a q80, q90 and q95 but many say the q95, which should be the absolute best, isn't even…

Is there a discounted full sized one available ?

There is no tax deduction for either way you do it because the rental property won't be "available for rent" at the time of the reno and it…

Are you staying overseas and coming back here or are you a foreign resident trying to do their Australian tax return because you have…

Should be fine, as long as you have dividends income in your tax return of more than $1,000. Claim it in the dividends deduction section.

Don't use the ones at a shopping centre. You don't know if they are real registered agents or if your data is safe. When using an agent you…

There is no maximum amount, but Ideally you would have included the loss in your return from the year you incurred the loss and it would…

Generally it is 5 years. If its an asset, then it should be 5 years from the last time you claim depreciation. So if you bought the asset…

Yes that should be enough as you are using the cents per km method and not the log book method.

Can't claim the full $160 only $96 as that is the percentage of time the asset is used for work purposes.

Youu can do it yourself on MyGov but you may want to see an accountant. The going rate at our firm is around $150 which will be deductible…

i'll do my best to answer some of these, you should be going to a tax agent to do your return. it should only be <$120 for a simple return.…

Did you make the payment prior to 30 June?

Sorry i thought it was a given that he had already contributed the money prior to 30 June 2020. The way I interpreted the question was that…

Still necessary to depreciate. In my personal opinion if its $350 bucks its not gonna matter, just claim the $175 deduction. Your tax…