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Re: [sharechat] property versus shares by macdunk

From: "McLean & Co" <>
Date: Fri, 11 Jul 2003 07:54:22 +1200

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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