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Tell me how you claim GST on everything relating to your
residential property purchase macdunk???.............I thought the residential
property market was specifically exempt from GST, inclusive of receipts and
payments
Murray McLean
----- Original Message -----
Sent: Thursday, July 10, 2003 7:25
PM
Subject: [sharechat] property versus
shares by macdunk
snoopy regardless of how successful you are on
the share market don't let It blind you to the real big money to be made
in the property market. Fortunes are being made at this
very moment Don't let yourself be
blinded by following a system forsaking all others when you do that It
only means you have closed your mind. The property
market at this moment Is leaving shares for
dead. Let me explain macdunks way. I build a
house, a normal 3brm in built garage In Auckland. I claim GST on
everything When I finish I rent It to the housing corp and take a loan
out for the total cost. The rent pays the loan I don't even meet
the tenants the housing corp do the lot which Includes malicious damage
liability. The house has cost me nothing I can then start on the
next one. What sort of capital gain will I claim on how many
houses to keep pace with your shares.
I Invest In the market because
Its fun and Its a challenge but for the real money at this moment
property leaves It for
dead
cheers macdunk |
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