This document discusses how a couple named Bill and Mary used the equity in their home to purchase an investment property and build wealth over 10 years. They used $250,000 of equity from their $450,000 home to purchase a $425,000 investment property. Through leveraging and tax benefits of property investment, their total wealth grew from $235,274 to $1,189,543 over 10 years while they only contributed $38,017.
Empower Wealth Financial Services, Empower Wealth Education, Empower Wealth Advisory, Empower Wealth Mortgage Advisory, Empower Wealth Property Advisory
Empower Wealth is Australia top class Property Investment Advisory. And also passionate about education and creating awareness in the property industry and financial investment industry.
InKnowVision October 2013 Case Study - Lewis FWGAInKnowVision
Duncan and Tina are both 65. They live a comfortable lifestyle, spending about $1,600,000 a year after taxes and gifting about $2,000,000 a year to their family foundation. With assets worth approximately $62M and annual income of over $7M, they currently pay just over $2M a year in income taxes and have an increasing estate tax and ongoing income tax exposure.
The primary planning goals are to:
-Make sure that they have sufficient funds to live on for the rest of their lives (approx. $1,600,000/yr. after taxes and gifts).
-Assure that Duncan's, Inc. does not have to be liquidated as a result of their death.
-Provide a successful transition of the business to their son, Jason, while ensuring an equal inheritance for their son, Jeremy. They would like to leave 50% of their estate to Jason & Jeremy and another 25% to their grandchildren and other family members.
-They wish to continue annual giving to their family foundation and ultimately leave 25% of their estate to the foundation at death.
-Make sure the company buy/sell agreement accurately reflects the wishes of the family owners in the most tax efficient manner possible.
-Eliminate or reduce estate taxes.
Accessible Home design vs. Assisted Living. A graphic cost and benefit analysis for children with aging parents can use to discuss long term living and investment strategies for the benefit of all.
Empower Wealth Financial Services, Empower Wealth Education, Empower Wealth Advisory, Empower Wealth Mortgage Advisory, Empower Wealth Property Advisory
Empower Wealth is Australia top class Property Investment Advisory. And also passionate about education and creating awareness in the property industry and financial investment industry.
InKnowVision October 2013 Case Study - Lewis FWGAInKnowVision
Duncan and Tina are both 65. They live a comfortable lifestyle, spending about $1,600,000 a year after taxes and gifting about $2,000,000 a year to their family foundation. With assets worth approximately $62M and annual income of over $7M, they currently pay just over $2M a year in income taxes and have an increasing estate tax and ongoing income tax exposure.
The primary planning goals are to:
-Make sure that they have sufficient funds to live on for the rest of their lives (approx. $1,600,000/yr. after taxes and gifts).
-Assure that Duncan's, Inc. does not have to be liquidated as a result of their death.
-Provide a successful transition of the business to their son, Jason, while ensuring an equal inheritance for their son, Jeremy. They would like to leave 50% of their estate to Jason & Jeremy and another 25% to their grandchildren and other family members.
-They wish to continue annual giving to their family foundation and ultimately leave 25% of their estate to the foundation at death.
-Make sure the company buy/sell agreement accurately reflects the wishes of the family owners in the most tax efficient manner possible.
-Eliminate or reduce estate taxes.
Accessible Home design vs. Assisted Living. A graphic cost and benefit analysis for children with aging parents can use to discuss long term living and investment strategies for the benefit of all.
Presentation by Ross McMillan based on a survey of senior leadership in Division of Students at York University. Along with findings, survey points to future direc
Editing images in the WordPress media managerJeremy Dawes
Get access to the videos that go with these presentations, whitelabel and branded options, www.wordpressboffin.com - for WordPress website design, build and hosting checkout www.jezweb.com.au - If you have any question about WordPress, would like to know how to do something or would like a WordPress training video made for a technique or plugin let me know. Hope you found this helpful, thank you, Jeremy.
Begin to invest in your future with this residential investment course.
I can help you find the properties that make the most sense. Call to join my investor tour of homes.
INDIVIDUAL ASSIGNMENT 2ACC00717 Taxation law and Practice.docxlanagore871
INDIVIDUAL ASSIGNMENT 2
ACC00717 Taxation law and Practice
[email protected]
Description:
Case Study requiring preparation of workpapers, calculation of taxable income and income tax payable, preparation of an individual tax return, and a letter of advice.
Weighting: 35%
Course Content:Focus on Topics 5-10, with knowledge of previous topics expected.
Due: Week 11
Remember: The purpose of an assignment is for you to demonstrate your knowledge and understanding of the topic. Make sure your answers are comprehensive enough to achieve this.
NOTE: THIS IS AN
INDIVIDUAL
ASSIGNMENT.
YOU SHOULD WRITE ALL WORK SUBMITTED YOURSELF AND IT SHOULD BE BASED ON
YOUR OWN RESEARCH
.
EVIDENCE OF COPYING FROM OTHER STUDENTS WILL BE TAKEN SERIOUSLY AND REPORTED.
ASSIGNMENT INSTRUCTIONS
EMPLOYMENT:
Your client (use your own name as the client name) is the sole director of FinForensics Pty Ltd. The business employs five staff members, including your client who holds the position of managing director. FinForensicsanalyses financial information andprovides investment advice to registered clients.
The payment summary from FinForensics Pty Ltd shows the following:
§
ABN 84 111 122 223
§
Gross Payments
$130,000
§
Tax Withheld
$38,376
FinForensics also paid $99 a month for your client’s mobile phone account and additional superannuation contributions of $10,000 under a salary sacrifice arrangement. This amount is in addition to superannuation guarantee requirements.The phone payments related to a fixed monthly contract in the employee’s name and payments were made directly to the phone company by the employer.
Your client owns an Audi Q5. They purchased the car on 1 June 2016 for $85,000. The car travelled 38,500 kms during the year and your client has indicated that about 75% is work related but they have not kept a log book. Your client pays for all the running costs for the vehicle. During the year these costs included:
Fuel & Oil
$5,950
Servicing
$1,200
Registration
$ 760
Insurance
$1,800
Tyres
$2,400
Excess on insurance claim. The insurance company paid for the balance of the cost of repairs.
$ 500
Car Washing
$1,300
DIVIDENDS& INVESTMENTS:
FinForensics Pty Ltd is a large company with two (2) shareholders, your client and their spouse. Your client owns 60% of the issued shares in the company. The shareholders were paid a lump sum of $140,000 in April. They explained that the company had been very successful over the last couple of years and had accumulated significant cash reserves. They described this payment as a fully franked dividend. The proceeds were used to reduce the line of credit that was taken out to purchase the home in which they live.Interest paid on the home loan for the year was $15,000.
The client also has a portfolio of shares that were inherited from their father. The father passed away on July 15, 2016. On finalisation of the estate the following shares were transferred to y ...
Learn about financing college using real estate. This presentation shows forms for setting up your ownership and the tax implications. Go to www.zerocollegedebt.com for more information.
Nationwide buyer of non-performing mortgages,
focused on low balance and “issue” loans.
U.S. market of over $300B in underwater mortgages, with concentrations in low- to- moderate income communities.
2,000+ loans acquired since 2011, averaging over 20% gross returns.
American Homeowner Preservation Series 2014B Unlevered Equity OfferingJorge Newbery
American Homeowner Preservation (AHP) offers socially responsible high-yield distressed mortgage investments. Investor funds are pooled to purchase pools of troubled mortgages from banks at big discounts. AHP then offers sustainable solutions for homeowners to stay in their homes with reduced payments and discounted principal. If families do not want to stay in their homes or homes are already vacant, AHP offers cash incentives to cooperate with Deeds in Lieu of Foreclosure in order to promptly return vacant homes to service and mitigate blight in communities across America.
website: ahpinvest.com
Similar to Property Investing - unlocking your equity (20)
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Greek trade a pillar of dynamic economic growth - European Business Review
Property Investing - unlocking your equity
1. Wize Up to your best Financial Decision! www.loanwize.com.au
2.
3. What are you looking for? Don’t you wish it was easy to be pointed in the “right” direction?
4. What is Gearing? Borrowing to buy an Investment to increase the return on your original Investment
5.
6. They chose a four bedroom home - it’s an ideal executive rental with four generous bedrooms and double lock up garage … … and they chose an allotment - Lot 49, Birdwood Sanctuary Estate They have completed a PIA (property investment analysis) based on their personal circumstances – seen in the previous slide – and they proceed as follows:
7. The new investment property, including land, costs $425,000 (The deposit comes from equity in their present home ) They pay a nominal cash deposit ($5,000) Stamp duty and conveyancing costs come to $14,310 (will be closer to $7,500 as house and land) The loan set-up costs are (will be closer to $1,000) $5,426 Their total loan for the new investment property is $439,736 They organize the loan – using their home equity: The loan is structured as ‘interest only’ so that the tax deductions are maximized.
8. At day one, their position is: Their home of residence value is $450,000 Their mortgage is $200,000 So their equity is $250,000 Their investment property value is $425,000 Their mortgage (from previous slide) is $439,726 So their equity is -$14,726 Their combined properties’ value is $875,000 Their refinanced mortgage is $639,726 So their total equity is $235,274 They have refinanced both properties. The loan to value ratio of the combined properties is 73.11% - well within all major banks’ criteria
9. Bill and Mary lodged a standard ATO form * with the tax office and their take-home pay immediately increased pro rata to the tax rebates. How is the investment loan paid? The greater part of their loan repayments are now met by the tenant and government tax rebates. The tax office contributes $162 The tenant contributes $417 Bill & Mary pay $127 (they will pay less in subsequent years as rents increase). on a weekly basis: * PAYG Withholding Variation Application
10. on a weekly basis - Their interest payment is $571 Their general property costs* are $135 The tenant contributes - 59% $417 The tax office contributes – 23% $162 Bill and Mary contribute - 18% $127 Totals $706 $706 * general property costs include agents fees, insurance, vacancies, maintenance etc. The full $135 is not used each week – some is stored in the loan account to be used as costs arise. The investment property loan amount is $439,726 (from previous slides) and interest is calculated at 6.75% per annum.
11. Year 1 Year 10 Bill and Mary’s home of residence is worth $450,000 $844,000 their mortgage is $200,000 $132,000 so their equity is $250,000 $712,000 Their investment property is worth $425,000 $917,543 their mortgage (unchanged) is $439,726 $439,726 so their equity is -$14,726 $477,817 Their combined properties are worth $875,000 $1,761,543 their mortgages are $639,726 $ 572,000 so their total equity (wealth) is $235,274 $1,189,543 In 10 years – for an outlay of only $38,017 (less than the cost of many cars) - Bill and Mary have increased their wealth by $477,817 . Over the 10 years, their outlays came to $38,017 - $5,000 initial cash deposit plus $127 per week reducing to $2 per week by year 10. Ten years later, their position is:
12. At year one the tenant was contributing 59% At year one Bill and Mary were contributing 18% At year one the tax office was contributing 23% During the 10 years, contributions from others increased … and Bill & Mary’s decreased ...
13. Tax benefits decreased as rents increased (some deductions will continue for 20 years) Rents increased Bill and Mary’s contributions decreased … and they may have purchased other investment properties along the way.
14. All calculations in this presentation were derived from a Property Investment Analysis (PIA) computer program, produced by Jan and Ian Somers. For a personalised Property Investment Analysis, please fill out the confidential PIA form Sample of ‘Bill and Mary’ PIA – the full report has about 7 pages
15. Wize Up to your best Financial Decision! www.loanwize.com.au
Editor's Notes
At some point prior to this ten year mark – probably around 7 years – the proepty