Good insights.
To my mind space doesn't make sense as a small office space could be using 80% of the electricity of the property during a given day whereas another room, which is bigger, may be using no electricity during that time. It just seems weird to use physical space as a metric when...
Trying to get clarity from my accountant as to whether I can claim solar as a business expense as I am a freelancer who works from home.
She told me I either have to prove I am only using it for work purposes - lol, how would that even work?
Or I can only claim a % based on office size...
So I just spoke to Paula and my fears were actually fairly accurate. She says over and above 3.6 million my inheritance of the property would be taxed at 20% of the value of the property. So I need to prepare for a 1-2 million payment - a bond could help, or selling the property.
*edit*
Okay a...
First thing I did when my dad's company went under was sort out the remaining mortgage. I pay the rates so can keep paying no problem. Your second point is what worries me and I need to find out - I contacted Paula on the recommendation above so hopefully she can help us plan properly.
Dark joke but actually a good point, I didn't consider what would happen if my mom passes first - the property is in her name I believe. Another thing to plan for.
Thanks for the links, I'll take a look.
My parents don't know. Financial planning was not their strong suit, hence my having to support them now because they had no savings.
I'm asking here in case someone is familiar with the topic and can explain how it works so we can plan accordingly.
Heya,
So my circumstances are that as an only child I will inherent my parent's property when they pass (they're in their 70s) - I live on the property in a separate cottage. My dad bought the property and built the home 4 decades ago.
I'm a bit (well completely) clueless as to how the...
I also filled out the form and am now waiting to send a document stating the replacement value of the equipment so I can speak to insurance.
I'm really torn - maybe the MYBB members who know this **** much more than I do can help.
I like the idea of almost zero upfront cost and them being...
Dating a gal that loves woody scents like "patchouli, sandalwood, cypress, cedar" - any recommendations? Nothing too overpowering or that only works at night.
Hey Scott,
I have a client in the US that wants to send me some of their product. Is that something you could potentially help with? It would be getting the items for free so not too sure how that would work.
The last client who tried to send something - the thing never arrived so just want...
I just got my first Android tv box today. Mi S - trying to turn on sideloading but when I go to unknown sources in settings and click on it, I don't get a prompt to agree or turn it on. Any ideas?