SLED

yeah steve I got a PM from Jess and I'll try and make Villis as well but I've spent most of the day on the shitter unfortunately. I'll give you or Jess a ring later to see if you're still there.

Hey what's happened to Darren "Deluxe"??............have one of you bananas upset him or something??........I miss the lanky fella. Daaaaareeeen phooooooone hooooome!!!!!

yeah I see what you're talking about now and I think we're talking about 2 different things. You're right about the values being individually calculated and the tax on those values shown individually on the one bill (right hand side Under "Taxable Site Value"), but if all the properties appear on the same bill, the values are lumped together when the final amount is calculated. I'm looking at one of my past bills right now and comparing it to a previous year's bill. Over that 1 year period the values rose slightly but enough to put me over one of the thresholds.....the tax actually more than doubled though. The following year the tax thresholds were raised and even though my values rose again, my bill was approx $2000 cheaper that year. I wish I could show you one of my bills somehow so you know what I mean but its a bit hard to do without revealing private stuff. Look at the table below and see what happens once your combined value exceeds the $750K & 1 mill thresholds.....its criminal!!! Remember up to 100K is tax free so if you have 1 mill worth of properties its calculated at $11,420 plus $3.70 for every $100 but if you split the combined properties between yourself and your partner, you'll have 2 separate bills and 2 charges at $720 plus $0.70 for every $100 I learnt the hard way when I bought a property off my dad in 2001 where he paid a few hundred bucks in land tax for it in the previous year (it was only one 1 of 2 properties that he owned at the time). Once it was added to my portfolio (and combined with the existing stuff) it put me over one of the thresholds and the individual tax for that property alone quadrupled, yet its value only went up slightly that year. I ended up writing a letter to my MP who passed it on to Nick Xenephon who was driving a campaign against land tax at the time. My letter was one of very many brought up in discussion on 5AA when Leon Byner interviewed him about land tax a few weeks later. The following year, thresholds that were very old, were reviewed again........they are still way too high IMO and there's no incentive to put too much away for your retirement. Land Tax is calculated on the basis of the total taxable site value of all land owned (by an owner or a group of owners) as at midnight 30 June 2007. Land Tax rates are: Total Taxable Site Value Rate Up to $110, 000 Nil $110,001 - $350,000 $0.30 for every $100 or fractional part of $100 over $110,000 $350,001 - $550,000 $720 plus $0.70 for every $100 or fractional part of $100 over $350,000 $550,001 - $750,000 $2,120 plus $1.65 for every $100 or fractional part of $100 over $550,000 $750,001 - $1,000,000 $5,420 plus $2.40 for every $100 or fractional part of $100 over $750,000 Over $1,000,000 $11,420 plus $3.70 for every $100 or fractional part of $100 over $1,000,000 Where an owner owns more than one taxable property, Land Tax is apportioned to each taxable property within the ownership based on the taxable site value of each taxable property (see example). Example A person owns two taxable properties: Property A (with a site value of $200,000) and Property B (with a site value of $300,000). Land Tax on $500,000 is calculated as follows: Tax on $350,000 = $ 720 plus Tax on $350,001 to $500,000 (i.e. $150,000 @ $0.70 for every $100 or fractional part of $100) = $1,050 Total Land Tax payable = $1,770 The total Land Tax payable ($1,770) is apportioned on the Notice of Land Tax Assessment as follows: Property A = site value of property ($200,000) total taxable site value ($500,000) x $1,770 = $ 708 Property B = site value of property ($300,000) total taxable site value ($500,000) x $1,770 = $1,062 Total = $1,770

Patrick I'm actually going by personal experience and in SA they do lump properties together when calculating Land Tax, hence the reason why future properties were bought with a slight variation in title name......ie. my name, wife's name & combined names, which allows at least 3 groups for splitting combined property values. Like I said, its not too bad until it gets over the threshold and then they murder you due to the way the tax compounds itself.

I've just read through all the posts on this thread and the best advise has come from Nene & Guy, no doubt. Definitely 2 loans....never mix personal debt with investment debt.....never throw extra cash into investment debt if you have personal debt (make the investment debt work for you) and when you finally get into multiple property investment, consider setting up a family trust, consider putting properties in different name combinations (otherwise values get lumped together and land tax can be a serious biatch once you go over the threshold of approx $600K) and never put them in a company name (for capital gains tax reasons). Good luck Ruby and don't over commit yourself on your 1st investment.

Damo, as per phone conversation, I'm guessing the young fella will be a Medium......I'm hoping that's the equivalent to a size 10. Those above sizes are weird.....I'm assuming that 43.52cm is the measurement across the chest or back, not around the chest (based on that length). So go for a Medium unless you find out something different about the new sizing.

hmmm......did you say bar fridge & coffee Luke

yeah you do

hey guys, remember the earlier post about the bloke that decapitated a fellow bus passenger...........well apparently he got a little peckish too, lol Bus beheading man 'dined on victim'

Just bought another daily for work thanks to Google for exposing our work cars, lol.......you can even read the number plate that I've now blanked out, hahaha So might keep this one for a run around or sell it if anyone's interested (AUIII Futura 138K Factory LPG)

Street View was done in Jan 2008 Overhead View was done Dec 2007.....first of hi res pics Both only uploaded in the last week or 2

What are you doing to me boys? I knew the hoodies didn't have children sizes....is that also the case for jackets now? The young fella is a size 10 in children's size, not a size 10 in adult's size. He actually preferred the hoodie but went for the jacket because hoodies didn't come in kid's size. You better give me a call or PM your mobile (number in my profile) to sort this out, thanks.

Spotted Kellie at 7.52am heading north on South Rd over Cormack Rd......had the young fella in the car with her and wouldn't have seen me

good story Martin....we all need a reminder of what can happen if we lose our heads.....which we're all guilty of occasionally

lol, are you guys using a calculator or an abacus cause you're all wrong and it doesn't matter how much fuel is left in the tank......see below: By the way Steve, my calculations are useless if you didn't zero your counter immediately after your previous fill to the 52 litres. EDIT: You can easily confirm if those calculations are correct in reverse. If you're using 16 litres for every 100km then 325km is 3.25 more, so multiply 16 by 3.25 and you get the total amount of fuel used = 52 litres.

wow....that is surprisingly nice

ahhh, only problem is, its no longer a Skyline

Well here are some specs for the long awaited V-Spec version. R35 GTR V-Spec

hey Jess, Have you got any pics at different angles of your catch can system & piping for it? I've bought the unit below from Darron at Just Jap.....it has a breather hole underneath that has a tuble that extends up to almost the top part of the can with a hidden baffle inside.......bit hard to explain. Doing it this way cause cops don't like exposed breather or anything that even resembles atmospheric.

yeah looks good with a gloss black rim.......chrome rims on yellow could bring a little vomit to my mouth though

haha, lol, talk about old school.........I just read my post again and realized I was calling the cam covers "rocker covers" I need to get into the 21st century!! I read somewhere that those JUN oil pumps are so aggressive that they can suck a sump dry in about 2 laps.......definitely wouldn't use one of those without the necessary mods first. And on top of the usual mods like restrictors, baffles in sump & cam covers, and decent catch can.....I would probably also consider relieving the oil returns in your head to get the oil draining back quicker. As far as catch can goes, I'm going to try the atmospheric style first with hidden breather and just monitor how much oil its chucking in their.....probably use the MINES cam cover baffles to help it. If I find its chucking too much oil in there then I'll have to consider restrictors and maybe even oil return from the catch can......only thing I'm worried about with the oil return is that I don't wanna be increasing crankcase pressure unnecessarily.

well I won't hold that against you Danny Boy

probably not.....just giving a hypothetical

I'm not a huge fan of the yellow, but on a 34 NUR with some decent rims.......I don't think too many of you would say no

congrats on the purchase Ruby, well done any conditions on the contract, ie. subject to building inspection or sale of your house? when's settlement date? EDIT: Are you able to say what area?