Monthly Archives: October 2013

Beware super’s property sharks

Posted on October 3, 2013 by | 0 Comments
THE problem with self-managed super funds is not that they’re buying residential property, it’s that they’re surrounded by sharks as they do it. Tax breaks tend to reduce one’s critical faculties. We saw that with agricultural investment schemes, which paid commissions of 10 per cent to financial planners and mostly collapsed, and now property developers are paying similar commissions to get SMSF cash. Noel Whittaker, the author and financial adviser, has been campaigning against property...

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Is coffee a driver of property price growth?

Posted on October 3, 2013 by | 0 Comments
There’s a buyers’ agent in Melbourne who considers the quality of an area’s café scene to be a big factor in its future growth prospects. When scoping up and coming suburbs, he’ll go order a coffee from a local haunt – if it’s crap, he leaves; if it passes the taste test, he’ll take a look around. I love coffee more than most people I know. I’ll drink four to six cups of the stuff...

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‘Capital gain’ deemed to be a revenue gain – why intent is important

Posted on October 3, 2013 by | 0 Comments
Many people would assume that a gain made on the sale of a rental property held for nearly 10 years would be a capital gain eligible for the 50% general discount.  However, in a recent decision by the Full Federal Court, the length of time a rental property had been owned was deemed less significant than other factors in deciding the tax outcomes.  Rather, the court looked at the original intent of the taxpayer and...

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