Non Footy Chat Thread

[Barry O'Speedwagon]

I guess it partly depends on how sure one is that that the ultimate capital gain will, in fact, be a gain. And how much faith one has in current govt. policy being govt policy in 5-15 yrs time.

 

[Gronk]

Why not buy property in super? it has to be positively geared and preferably paid out in full.

From my perspective, it's better than buying outside of super if it is positively geared as rental income and cgt is taxed at a much lower rate.

I have a SMSF which owns property.

 

[yy_cheng]

I guess it partly depends on how sure one is that that the ultimate capital gain will, in fact, be a gain. And how much faith one has in current govt. policy being govt policy in 5-15 yrs time.

If you are referring to the super rules, yes it can change but I can't see it being worse than the personal tax rate. Otherwise, super will be dead, however, before it dies, all those financial institution managing super will be moving heaven and earth to prevent any changes like that.

If you are referring to whether property will appreciate, well, that's the same for any investment asset.

 

[yy_cheng]

I have a SMSF which owns property.

WOuld you mind me picking your brains once in a while ????

 

[Gronk]

WOuld you mind me picking your brains once in a while ????

No prob. PM me anytime.

 

[Barry O'Speedwagon]

If you are referring to whether property will appreciate, well, that's the same for any investment asset.

I'm saying that the value of the tax shield created by a realised capital loss is lower if incurred within a super fund. How relevant that is depends on how likely you think it is that a capital loss will be incurred.

Not saying you're current plan is wrong (far from it).

 

[SDM]

Joe Hockey once kneed me in the head while I was just trying to play the ball, then his flatmate glassed me.

 

[Barry O'Speedwagon]

Why were you trying to play the ball in a pub?

 

[SDM]

Have you not seen those stupid Ladbroke commercials ? Indoor footy on top of a pool table is all the rage.

 

[Twizzle]

Why were you trying to play the ball in a pub?

lucky he wasn't lunching with Singo

 

[Gary Gutful]

lucky he wasn't lunching with Singo

Singo did the same to me once when I told him the Bluetongue beer tastes like shit.

 

[84 Baby]

Why not buy property in super? it has to be positively geared and preferably paid out in full.

From my perspective, it's better than buying outside of super if it is positively geared as rental income and cgt is taxed at a much lower rate.

As I said only dependent on age. I assumed that if you were selling a business to roll into super that you'd be getting close to reaching into that super. Property even at the current trend is relatively illiquid and you need cash to pay pensions (actually you don't but just for argument's sake) and if you aren't nearing retirement then property is like any other investment. Planned well enough of course it doesn't really matter what you do with your super fund, but I have seen very few SMSFs that actually have any planning and quite often the ones with property are the worst culprits.

 

[yy_cheng]

As I said only dependent on age. I assumed that if you were selling a business to roll into super that you'd be getting close to reaching into that super. Property even at the current trend is relatively illiquid and you need cash to pay pensions (actually you don't but just for argument's sake) and if you aren't nearing retirement then property is like any other investment. Planned well enough of course it doesn't really matter what you do with your super fund, but I have seen very few SMSFs that actually have any planning and quite often the ones with property are the worst culprits.

I agree that property may not be the best investment as there are just so many overheads. However, to balance the assets in the SMSF, there would be high dividend shares, property, fixed interest and cash portions.

 

[84 Baby]

I agree that property may not be the best investment as there are just so many overheads. However, to balance the assets in the SMSF, there would be high dividend shares, property, fixed interest and cash portions.

More diversification means more management. Still if you like doing it, it is an interesting thing to do

 

[Gronk]

The budget tonight will be measured, responsible and fair. Or that's what Abbott, Hockey, Morrison and Kormann have recited robotically 1,000 times in the last 72 hours.

#slogans

 

[SDM]

 

[The Elephant In The room]

The budget tonight will be measured, responsible and fair. Or that's what Abbott, Hockey, Morrison and Kormann have recited robotically 1,000 times in the last 72 hours.

#slogans

You'd never have gotten that from Julia or Swanie


"Today I seek a mandate for the Australian people to move Australia forward."
-- Ms Gillard calls the election on July 17, 2010, mentioning 'moving forward' 36 times in a 31-minute press conference


"We remain determined to return the budget to surplus in....."


#MovingForward
#LastLaborSurplusWasIn1990

 

[Gronk]

You'd never have gotten that from Julia or Swanie


"Today I seek a mandate for the Australian people to move Australia forward."
-- Ms Gillard calls the election on July 17, 2010, mentioning 'moving forward' 36 times in a 31-minute press conference


"We remain determined to return the budget to surplus in....."


#MovingForward
#LastLaborSurplusWasIn1990

Yep

 

[Gary Gutful]

The Breaking News that Gronk thought he had: Abbot and Co. repetitively use slogans in a first for a political party.

The reality: Abbot and Co. do what every other political merkin before them have done.

 

[Gronk]

The Breaking News that Gronk thought he had: Abbot and Co. repetitively use slogans in a first for a political party.

The reality: Abbot and Co. do what every other political merkin before them have done.

You're on fire Gutful.