Cashflow - trust verus ownership by individual

How would cashflow be affected in a scenario where a property is owned by a trust instead of a private individual?



Assuming one individual is named in the trust deed, how would their private PAYG tax position be taken into account in calculating cashflow on the property.



( for example offseting depreciation on an Investment Property owned by the trust against the individuals PAYG income tax - or is this not possible because the individual and the trust are treated as separate taxable entities )



Sorry for what may be a dumb question. This is all very new to me.

Cashflow - trust verus ownership by individual

Help on Refundable Tax Offset Certificate to Cash

Hello,



Aug 2014 my NRAS property rented and have been receiving incentives payment progress email from Ethan Housing for a very long time. This month I received an email asking me below question:



"Once again, if you need to change your nomination from Refundable Tax Offset Certificate to Cash, please do so by contacting urgently."



My question is, if I opt to get cash, will there be any changes to my tax retuns? Is there anything I need to be careful of? Any help on this is much appreciated.



Lastly, is anyone have already received payments so far?



Thanks and regards

MohanWei

Help on Refundable Tax Offset Certificate to Cash

feeling proud and want to share

Hello everyone,



I have been watching/reading and learning here for a while and have (very rarely) added my 2c.



Everyone here is so knowledgeable and as such I have not often found that my 2c adds any value so have refrained.



However, today something exciting has happened (not related to property) and I wanted to have a bit of a brag/share.



I got offered a new job (better position) and in the same day was offered a full scholarship to do an MBA. Feeling really proud of myself that my previous hard work is starting to pay off. :D:D:D



I would love to hear what good things are happening in other people's lives at the moment...

feeling proud and want to share

Bassendean council WA, asking for zoning change

Hi everyone I have a question for you. I have a property in Bassendean that my partner and i bought to build a house for us to live on, however circumstances have changed and we are looking into developing the block instead.



This is my block its a corner site of 655m2 and a zoning of R20. Some of you may know Bassendean is going through a fair amount of redevelopment. The rezoning of blocks was based on using a 400m catchment from existing train stations. My block is actually 350m from the Bassendean station however they rezoned in blocks of streets instead. The opposite side of the road to me is R40.







Im hoping to convince the council to approve a duplex build & subdivision based on a few points.



1. The fact im within the 400m catchment

2. The zoning on my block would only need to go to R25 to work with the 5% variation allowed.

3. My block of land is 655m and majority of land around is around the 450m2

4. Id like to build highly sustainable and energy efficient properties.

5. I believe it would be a huge improvement on the amenity considering its currently an 1930 asbestos workers shack.



Id like to know if anyone in Perth has had success or failure in convincing a council to change its zoning.

Bassendean council WA, asking for zoning change

Department of Housing lease - experiences?

Hi folks,

My property manager is proposing a lease of my IP to the NSW department of housing. I don't know which tenant will be placed there by them and I'm told DOH will wear any damages caused by the tenant just like any other lease. They will also still pay if the property is vacant. There will be three monthly inspections by both the agent and DOH rep.



Does anyone have any experience with DOH leases from a landlords perspective? While it does have a stigma, is it something that should be generally avoided or can it work?



Thanks in advance.

Department of Housing lease - experiences?

Kitchen Benchtop

Hi all



I'm renovating a kitchen in a one bed apartment. Bought all the cabinets at Ikea and am trying to decide what to do with the benchtop. I'm currently living in the apartment but it will become an investment property in less than a year.



From getting quotes etc, laminate is probably $1.5-2k cheaper than using stone. Is there a massive difference in the durability? I was thinking if I use laminate and the tennant destroys it then they'll have to pay for it and there would be enough in the bond to cover this.



As I bought the cabinets during the Feb sale I've now got ikea gift cards worth $550, which would pretty much cover a laminate benchtop. Has anyone bought a laminate from IKEA? Is it still in good shape? Does anyone have experience getting a stone benchtop from IKEA? Is it good quality?



Thanks!

Kitchen Benchtop

Public Trustee auction question

Hello everyone.



Simple question.



What are the rules at a public trustee auction, when it comes to passing in a property, or what happens when a property is passed in, in these auctions?



The only research I can dig out from the Act of 1978 in QLD, is that the highest bidder has the right to negotiate exclusively for the sale of the property with the vendors, via the trustee agent. In other words, the way I read it, is that the agent cannot close the books on the auction and walk away without offering the highest bidder the right to negotiate a price or an offer for the property. Is that correct?



Has anyone come across these situations in a public trustee auction?



Thank you

Public Trustee auction question