Amanda B.

Seven Hills, NSW

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Mum recently passed. Their are 4 children - eldest is executor of will, rest beneficiaries. Selling Mums house. Does beneficiaries have any say of how house is sold? Or does only eceutor have say? Does the executor have to keep beneficiaries informed? Can executor sell the house @ low price?

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8 years ago

Amanda B.

Seven Hills, NSW

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Hi, i am a benefactor from the sale of my Mums house (their are 4 of us), i am currently residing in house. My eldest brother is the executor. House had been on market for 2 months. House originally listed for 700-750 grand, now is 660 (90 grand difference). There is a drainage easement on property (we actually have had no problem with it, no flooding), agent & brother say this is why price has gone down. Is this right? Why so much so quickly-shouldn't agent know all this from beginning?

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8 years ago

Rob A.

Dolls Point, NSW

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1 Followers

I am a health professional, have my practice I have house owned and 2 investment properties, the loan on them 3.5 million with ANZ, my house is debt free worth 2 mil, but it is in a cross collateral security with one of my investment property that has a loan of 2.1 mil, I have a business loan of 830 k with ANZ, my repayments for loan investment 13K a month and business loan 4K I guess the loan is fixed for 2 years , I want to build my house knock down and rebuild for 1.2 Bank don’t lend ?

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8 years ago

John Stevenson

Business Advisor

Drummoyne, NSW

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5 Followers

I have just received a land tax bill for my primary place of residence, I purchased the property a little over 12 months ago. I know I'm not liable for this as it is my primary residence which I can easily prove, but why would the OSR have assumed it is an investment property? Would it be something incorrect with the settlement documentation? From the time of purchase our intention has always been to reside at this property.

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8 years ago

C R.

Sydney South, NSW

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How long does it take to register a company for GST in Australia? Does it get registered with the ATO within 24hrs or does one have to wait weeks for it?

Thanks for your help

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8 years ago

Thi T.

Tuggeranong, ACT

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I buy auction house in Canberra, ACT. After win auction, Agent provide a Contract for buyer & saler to sign. I sign the Contract, write deposit cheque & give to Agent. Next day Agent told me my cheque need signature. I see him to sign my cheque. After I sign my cheque, Agent ask me to sign another identical set of Contract of Sale again. I refuse & check the Contract & find out Sale house plan drawing in my signed Contract is not consisting with actual sale house plan. Can I get my deposit back?

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8 years ago

brie b.

Thornlands, QLD

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A company want to pay to put an advertising billboard in the front yard of the house I current live in and own (mortgage) as advertising. How should this work with tax? I understand I do not need to register for or charge GST as earnings from this will be under 75K. What other tax would I need to pay and at what rate? Is this included as income? Really struggling to find any information on this. Thanks

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8 years ago

Maria S.

Richmond, VIC

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We would like to retire in 10 years in Spain. My husband has a commonwealth PSS while I have a regular retail super. I have 2 questions:
1.- does PSS taxes stay the same if we were to live in either Australia or Spain.
2.- Do I need to pay taxes on my retail super if I draw it from Spain rather than from AU where there will be no taxes?

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8 years ago

Holly J.

Spit Junction, NSW

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I have just registered as a sole trader. I will obviously have to set aside my own tax and super. Will concessional or non concessional contributions to super will be more beneficial to me?

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8 years ago

Lys B.

Bairnsdale, VIC

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Hi, I recently have started my own business, and I run out of an appointment book. Receive cash and eftpos transactions. When it comes to tax time, how do I show my earnings? Do I deposit the cash into a seperate account into my bank? Or is it ok to deposit and transfer into my house deposit savings account and description it as Business earnings?

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8 years ago

Christo A.

Pyrmont, NSW

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0 Followers

We run an I.T business and do quite a bit of contracting work with various government bodies. The terms are usually 30 days and most of the time things are ok but we are keen to accelerate our growth plans and would like to investigate business finance options such as debtor finance. Will lenders look at an I.T business for finance?

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8 years ago

Phil H.

Queenscliff, NSW

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My business partner and I bought an investment property in a company trust. My family has subsequently moved into the property and I have agreed to buy my business partners share. Is there a way I can buy them out without having to change property ownership and pay stamp duty, thanks ?

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8 years ago

Andrea P.

Yennora, NSW

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Hi, I'm a locum Optometrist who does itinerant work (for different companies in different locations when they need me). I've just recently purchased a new car. Currently, in the process of setting up loan structure as i am financing to maximise the benefits as a travelling optometrist. Someone has mentioned to agree to a 'lease contract' so as to tax ddeduct the whole amount of the vehicle? This is opposed to actually owning the vehicle at the end by paying it off? Thoughts?

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8 years ago

Shaun T.

Ryde, NSW

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I have been a contracting engineer for the past 10 years and with the one group until recently. My average annual income is $190,000. In early September I signed a 12 month contract with a new group with the opportunity to increase my income. My wife and I would like to look at refinancing, will this change have an impact? We have a loan of $675,000 and the rate is 4.3%?

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8 years ago

Paul H.

Burnside, QLD

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Hi there,
There is no category listed for my query regarding tertiary education so I’m just putting it out there. Long story short, My wife is doing a diploma in nursing, the company she signed up with went down the gurgler, after a six week period in limbo another company took over at the same place under a new banner with the same muppets running the show. Since such time it has gone from pretty ordinary to really bad. What type of solicitor deals with education issues?

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8 years ago

Joy C.

Cassilis, NSW

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Hi I want to start my own website/blog. Is the monthly web hosting fees tax deductable and the camera gear i will be buying to take photos of my content be tax desuctable too? If you’re here in australia you need an ABN number to have a website. My business structure most likely is sole proprietorship.

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8 years ago

John K.

Boronia, VIC

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Hello, I was wondering what the different types of accounting professions are associated with a commercial business? Can you please name the different specific titles of the professions

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8 years ago

vanessa g.

Glenfield, NSW

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1 Followers

hi there just needing some sound advice. my mother recently passed away suddenly and has left her house to myself and my siblings will we have to pay capital gains tax on this house if we sell. we both reside in the house at the moment,also will we have to sell with the 2yrs of her death?

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8 years ago

Jacinta E.

Bentleigh, VIC

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If I use some of the funds I have in my redraw account to start a share portfolio will the funds be tax deductible?

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8 years ago

Josh D.

Everton Park, QLD

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Hi

In Sep 2011 I purchased my first home for 240k. In Nov 2012 I moved out of the house and put it on the market for rent as I moved interstate. Since then it has regularly been rent for around $290 pw. I'm currently paying $1250/month principal and interest. I also put $500 a fortnight into a redraw account attached to the loan. The loan is down to 208k and my redraw balance is 38k.

Am I better having 38k in re draw or offset? I would like to purchase new house in near future.

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8 years ago