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| CJ. Wentworth |
 Posted: Thu Feb 23, 2006 2:13 am Post subject: Converting Vacant Blocks into Investments |
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Investing Sr. Associate
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I've just purchased a small block of land in Far North Queensland, Australia. I'm not sure how things are run (tax-wise) from wherever you're from, but here if your property/whatever is not earning an income, then any expenditure on the property is not tax deductable.
I was wondering if there is anyone out there with suggestions for turning this block into an income producing property, without building a house on it. |
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| DKnightSr |
| Posted: Fri Mar 03, 2006 9:32 am Post subject: |
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Member of the Month
May
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I just took a peak at it. Man, that is BEAUTIFUL! To heck with the tax savings... pitch a tent on it, break out a cold six pack, and enjoy the view! Few things in this world are better than what you have there.
I jealous!  |
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| poornewb |
| Posted: Wed Mar 08, 2006 8:08 am Post subject: Re: Converting Vacant Blocks into Investments |
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Investing Manager
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| CJ. Wentworth wrote: | I've just purchased a small block of land in Far North Queensland, Australia. I'm not sure how things are run (tax-wise) from wherever you're from, but here if your property/whatever is not earning an income, then any expenditure on the property is not tax deductable.
I was wondering if there is anyone out there with suggestions for turning this block into an income producing property, without building a house on it. |
Uhh golf course, R.V. park. Camp grounds. Put a Clubhouse on it and use it as a Company retreat, Build a spa on it, with beach huts. Put some amenities on it and charge people to swim at the beach in a nice area with say some cabana's. possibiltys are endless. Good luck. |
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