By: ecchi.gaijin
8/09/2009
2:45 pm Yahoo! Profile:
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"Tell me where the hell i could charge someone 16k for 5 minutes paperwork"
Stamp Duty is basically a gov charge to ensure proff of ownership is registered with them. If you feel this type of insurance at approx 1% of the asset cost is a rip off then feel free not to pay it and have a giggle to yourself when your asset gets sold out from under you. |
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By: pol_pak
26/04/2009
1:19 pm Yahoo! Profile:
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Looking at TradeMax -FIFO / "force-match"
Is it essential for ATO to close positions to change from FIFO to "force-match" ?
This could make it difficult to trade whilst building longer term portfolios...
http://www.itrademax.com/detailed-instructions/adj ust-trades/match-trades.html
- - - some cut and paste below- - -
TradeMax uses strict "First In, First Out" (FIFO) trade matching as a default. It also provides the function enables the user to discard FIFO trade matching and "force-match" specific trade transactions together into a tax lot. It will help you to avoid changing your long-term investment to short-term one.
The following provides you step-to-step wizard of trade matching:
For example, if you buy HPQ 1000 shares In January 13, 2008, and 500 shares on In January 14, 2008. Then sell 400 shares in February 12, 2008. You will see these transactions as records in the data grid like this:
Note: The TradeMatch function is available only if the trade’s action is closed. For example, in January 13, 2008, you sell HQP to close the position. |
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By: pol_pak
26/04/2009
1:02 pm Yahoo! Profile:
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Is TradeMax compliant with our ATO ?
. |
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By: legsio
24/04/2009
10:38 am Yahoo! Profile:
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dream on buddy...
Go to the US and you'll know what taxes are...
6 mth wait for dr's, $12,000 to HAVE a baby in a hospital, etc etc
WE live in a dream world here.. BUILD A BRIDGE |
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By: hbautomation
23/04/2009
10:29 pm Yahoo! Profile:
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What the hell is stamp duty, i gave the government 16k after having to move, now I'm struggling, that 16k which is a white collar crime! would be saving my skin right now!
Tell me where the hell i could charge someone 16k for 5 minutes paperwork?? I pay my taxes and my fair share already, then we have the GST, petrol tax, council rates, alcohol tax, ciggies tax, holiday tax, car tax, this is a pathetic JOKE.
Then they give it away like it's not even their own money, oh wait,........ it's not?
I believe a class action against the government, logically would have an extremely strong case!!!!
Any Lawyers out there care to tell if it is so?????? |
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By: legsio
23/04/2009
3:30 pm Yahoo! Profile:
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By: legsio
20 seconds ago
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Capital Gains Tax Reply to this message
OK
Bought a block of land, settlement 30/06/09
Building house, finish building 5/12/09
When can i sell and and recieve the CGT discount?
Is it from date of handover of house or from date of handover of block? |
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By: nolosoft
7/04/2009
3:06 pm Yahoo! Profile:
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Do you mind have a look at TradeMax? A full featured tax software specifically designed for active investors or traders who have multiple accounts to manage their trade data, maximize their gain/loss strategy, prepare their Schedule D.
TradeMax® debuts innovative new tools that enable active investors or traders to effortlessly manage all their trades across various accounts.With customizable Vista® style “Views”. TradeMax® delivers important investment account information right to the desktop, without the need to access Internet. Users can manage their trade data, maximize their gain/loss strategy, prepare their Schedule D. It can import trade data from all kinds of formats files, monitor realized/unrealized gains & losses for current positions, adjust wash sales events, report capital gains/losses in printed Schedule D format or export to popular tax software such as TaxCut®, TurboTax®.
All TradeMax® products are available today at http://www.nolosoft.com |
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By: sophiecorbett
8/12/2008
1:43 pm Yahoo! Profile:
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| Thanks for your help :) |
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By: ecchi.gaijin
8/12/2008
12:33 pm Yahoo! Profile:
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Rates claims are an occupancy home office deduction which may be more of an indicator that he was using the hosue for income producing activities. This could have some CGT consequences.
I wouldnt' expect there to be any CGT consequences for the period that you rented the house out so long as it was less than 6 years and you did not establish another house (that you owned) as your principle residence.
Best thing to do is talk to a tax agent about it in person so he/she can get all the necessary facts to give you the full story of how you will be effected. |
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By: sophiecorbett
8/12/2008
11:11 am Yahoo! Profile:
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| Hi. We have been renting another home whilst renting out the other house. My partner claimed the usual home business stuff like rates, bills, some hardware with depreciation. Not sure of the percentages though. Thanks. |
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By: ecchi.gaijin
8/12/2008
10:38 am Yahoo! Profile:
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Depends, where were you living while you rented out your home?
What were the deductions you claimed for home office? ie rates, interest on mortgage or office equipment etc? |
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By: sophiecorbett
8/12/2008
10:11 am Yahoo! Profile:
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| Hi. We are selling a property that we lived in for 4 or 5 years but have been renting out for the last 6 months or so. Will we have to pay capital gains tax? Our home loan is still a normal home loan, not an investment loan and it is the only property we own. My partner also claimed some deductions for his own home office while we were living there; do we have to pay capital gains tax on that? Thanks |
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