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    Purchasing car with P/L company, 0 business use

    @henryjoshua A director can have a car, no need to be an employee. As the FBT reimbursement reduces the taxable value of the benefit to NIL there is no need to lodge an FBT return either. I've calculated the FBT using the 20% statutory formula method which is a catch all rate supposed to...
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    Purchasing car with P/L company, 0 business use

    @henryjoshua The company would be liable for FBT, but you as an employee make an FBT reimbursement to the company, this makes the net fringe benefit NIL. This amount is taxable income to the company, but can be made via the loan account rather than cash. Doing the numbers over 5 years, it...
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    Purchasing car with P/L company, 0 business use

    @henryjoshua Give me an estimate yearly cost for fuel, ins, rego and repairs and I can put the numbers together.
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    Purchasing car with P/L company, 0 business use

    @henryjoshua You need to crunch the numbers to see if the benefit outweighs the FBT.
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    First home buyer - any and all advice

    @leannec No, I'm saying that you only get the stamp duty concession once and that 1 bed apartments are usually just a temporary situation that might not even last you 3 years. Do you've basically flushed it down the toilet and upgrading to a 2 bed will be very expensive. I'm not sure about...
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    First home buyer - any and all advice

    @nun Even if you don't care about growth, be mindful that you are using your single stamp duty concession. If you have a 1 bed, it will likely not be suitable for a couple if you work from home, or if you decide to have a child. Upsizing to a 2 bed will set you back another 30-40k in stamp duty.
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    37 - fully offset my apartment, now what?

    @loo Yes, but who says the areas you want to live would be good investments?
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