澳洲Australia property I want to buy a Taxi license. | Sydney


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Apparently, if I buy as an individual, I get slugged with GST on the purcahse price. Let's say 10% $450K is $45K. But if I setup a company, I avoid having to pay the GST, so I'd be saving myself $45K. Can anybody confirm this? I know it's a property forum, but I don't know who else to ask???

Thanks for any feedback.  

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Do they mean if you buy as a company registered for GST you can claim the GST back?
Perhaps then you can register for GST under personal ABN as sole trader?
I don't know, Im not an accountant, but sounds like this is what they may be getting at. Your accountant will be the best to find out how you should be structuring this, not just for now, but for the future  

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Can't help you with the accounting side of your question TB, however I've entertained such a purchase in the past. The usual landlord hassles and outgoings are a welcome relief with such an investment class.

My concern (and this is only my opinion) is that the government in its wisdom every now and again releases new plates and to my mind this dilutes the stock. Also yields aren't as attractive as they used to be.  

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TB,

To my knowledge.........

Will depend if defined as going concern.......

Licence with lessee in place.....going concern (no GST)
Licence with no lessee in place...not a going concern (GST)

Still check with your accountant though...;)

I think current Melbourne taxi yield is about 8.00%

ciao

Nor  

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To stop people speculating in plates, I'm told by drivers that a trend (apparently it started in WA) is taking hold in other states.....basically drivers can lease plates directly from the government for a nominal weekly fee. No need to buy plates and suffer the problems associated with loans etc. A driver can simply pay $450 a week to the government and can "own" his own cab as long as he keeps paying the weekly fee to the government. In turn the driver has to agree to drive at certain times during hte week and to follow rules set out by the govt.

This gives battlers who drive their cabs 12 hrs a day a fair go.

Best to avoid cab plaqtes - way too uncertain IMHO.  

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well the after hours service in WA is so bad that the govt had to do something, but there was an outcry from all those who had speculated on taxi plates at huge prices that their investment was about to be diluted. so the govt created a new class of plate for the weekly fee - an after hours only licence. not sure of the results, seems to be plenty of people still thumbing down all and sundry in the early hours of the morning.  

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Got told some interesting numbers yesterday by an accountant who has 1 or 2 of these and a number of IPs - returns were quite bloody good I think

Curious, but both can't afford to buy one anwyay, and don't know enough about them... but curious...  

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i've seen the average taxi plate value skyrocket 100% in the last 7-8 years.  

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