Page 2 of 2 FirstFirst 1 2
Results 11 to 13 of 13

Thread: Floating hotel Leith

  1. #11
    Join Date
    Aug 2008
    Location
    W.A.
    Posts
    20,557
    Thanks (Given)
    11296
    Thanks (Received)
    11980
    Likes (Given)
    16854
    Likes (Received)
    65596

    Default Re: Floating hotel Leith

    Well I never made anything . I still have or had when I retired 20.000 dollars of unused tax credits which would would be there for repairs etc. on houses . Both houses I had rented out for 120 and 100 dollars a week. And when the estate agent took his chunk out didn’t leave much. I sold about the same as bought for otherwise would not have got the OAP as government would have put their own value of rents on. As said walked away from all that hassle with about the same as walked into with. The $20,000 was for capital gains tax which was only a paper figure which never used and never saw. Have paid tax every year been here never less than $30,000 when working.When retired just about $2000 . Last year changed tax accountant for the fifth time and she got it down to $38. Am crossing my fingers ,legs ,toes , and anything else that will close that will be the same this year . I am totally illiterate when it comes to the Australian Tax System. Cheers JS
    Last edited by j.sabourn; 14th July 2022 at 04:04 AM.
    R575129

  2. Thanks Des Taff Jenkins thanked for this post
  3. #12
    Join Date
    Apr 2012
    Posts
    1,869
    Thanks (Given)
    8100
    Thanks (Received)
    5125
    Likes (Given)
    26253
    Likes (Received)
    30463

    Default Re: Floating hotel Leith

    Quote Originally Posted by j.sabourn View Post
    I found in the uk the first 10 to 15 years you were just paying off the interest, out here the sum owing used to come down much faster as it was also taken off the capital owing after every payment. What I found missing here was your own house you weren’t allowed tax relief on ,but any rental properties you had you got tax credits. Think this suited whatever government was in as released the pressure on them to build public or council houses as we in the UK called them. Never really made any money as was too green to know any better , but in those days the bank where wages went into appointed you with a tax adviser. On starting work out here I was on three times what was on in uk , and never looked back. The only thing we ever bought on HP was a new car to get a credit rating , thereafter have had about 5 new ones and paid cash for them all . Hopefully will never have to borrow money again . Cappy will be coming with his begging bowl looking for his 3/9d if he reads this .So better shut up. Cheers JS
    Cant afford a begging bowl please send 3/9d........cappy

  4. Likes Des Taff Jenkins liked this post
  5. #13
    Join Date
    Jun 2008
    Location
    Cooma NSW
    Posts
    7,248
    Thanks (Given)
    7570
    Thanks (Received)
    4393
    Likes (Given)
    33470
    Likes (Received)
    21758

    Default Re: Floating hotel Leith

    John
    They wacked me every year I was in the building trade, but since retiring other than the five years back in NZ where they taxed every dollar including the pension; I have paid nothing, there again you can't pay nothing from nothing. If any of that three and ninepence is going"" Cappy doesn't need it.
    Des
    Lest We Forget

Page 2 of 2 FirstFirst 1 2

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •