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Porsche Chat

Discussion in 'Australia' started by scud, Jan 29, 2009.

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  1. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,204
    Mount Isa, Australia
    Full Name:
    Pap
    I guess by snuffing myself out :D

    Nah, dunno mate

    Told to give everything to his kids now to avoid it but he’s not interested lol

    A lot more to our conversation of course, but he knows what he has to do and won’t do it

    Another mates Dad sold his ice cube making business on the Sunny Coast 2 years ago at 57 year old

    Sold it for millions after his dumb ass son who lives here and works as a stinking old Diesel Fitter didn’t want to take over the family business lol

    He would rather live and work here and hunt pigs and chase cows on days off.

    Fair play his Dad purchased him a $900k dump out here and his parents just moved into the same house with him under the same roof, but home but

    His Dad, smarter than my parents and in-laws transferred all his money and assets into his sons name this year at 60 years old.

    He still has access to his money via the credit cards setup in his sons name etc

    They did this to avoid any taxes put on this millions of dollars if his son inherited it all when he dies one day

    His Mum and Dad both look happy and healthy and they actually used to live next door to Lisa Curry-Kenny and sold their home for $3M rings a bell, but could have been $6M, I don’t remember exactly

    It was one or the other lol, they lived next door to her forever and just sold up to move out here to be with their son and grandkids
     
  2. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,204
    Mount Isa, Australia
    Full Name:
    Pap
    I will JM, won’t be next year as we gotta buy a house etc and settle in Mackay

    Maybe in 2025 when I get my $300K redundancy package we will go

    If not, definitely 2026 lol

    We will all have a great time

    and I just remembered, my brother wants to take his adult Children to Greece in a year or two, so maybe we might do that all together first
     
  3. Cyt

    Cyt F1 Rookie

    Feb 1, 2014
    3,749
    Sydney
    Full Name:
    Cyt- Chin
    I am sort of in the similar delima but on a small scale.
    i have my previous resi to pass to the kids and trying to minimise the tax..
    Pass them to the kids now will incur capital gain/ stamp duty?

    can't win..
     
    PAP 348 likes this.
  4. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,321
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    Just do the sums of what is the lesser of the 2 evils.
     
    PAP 348 and Cyt like this.
  5. Cyt

    Cyt F1 Rookie

    Feb 1, 2014
    3,749
    Sydney
    Full Name:
    Cyt- Chin
    i can only draw...
    can't count or write..
     
  6. Cyt

    Cyt F1 Rookie

    Feb 1, 2014
    3,749
    Sydney
    Full Name:
    Cyt- Chin
  7. Steve355F1

    Steve355F1 F1 World Champ
    Owner Silver Subscribed

    Aug 26, 2011
    17,136
    Adelaide, South Aust
    Full Name:
    Steve
    We’ve seen you draw.

    You must be ****ing terrible at counting…. :p
     
    Cyt likes this.
  8. FazzerPorscheman

    FazzerPorscheman F1 World Champ

    Jul 28, 2010
    15,282
    Piz Gloria
    Full Name:
    EnzoFerdinand
    For you? Nil.

    Must fully amortise in the first payment before you pick it up. [emoji41]
     
    Arvin Grajau likes this.
  9. Cyt

    Cyt F1 Rookie

    Feb 1, 2014
    3,749
    Sydney
    Full Name:
    Cyt- Chin
    My colleagues say I can write like a doctor ;)
     
    Steve355F1 likes this.
  10. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,321
    Wurundjeri man.
    Full Name:
    Arvin Grajau
  11. Cyt

    Cyt F1 Rookie

    Feb 1, 2014
    3,749
    Sydney
    Full Name:
    Cyt- Chin
    just need to have $$& to buy a Volkswagen that’s all
     
    Arvin Grajau likes this.
  12. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,698
    North Qld
    Full Name:
    simon klein
  13. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,321
    Wurundjeri man.
    Full Name:
    Arvin Grajau
  14. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,204
    Mount Isa, Australia
    Full Name:
    Pap
    Yep, I told my parents and my Brother around 7 years ago when both our parents were alive that we should transfer my Dads properties into my and my Brothers names.

    It was going to cost the Brother and I $11k each in stamp duty, my Parents weren’t too interested as they didn’t understand why I wanted to do it and my Brother didn’t want to pay his share.

    He told me to pay the $22k to get it done and one day when we sell the properties he will reimburse me my half after the sale.

    I told him to **** off and if I spend all that money then I will put it all in my name and when I sell them one day then I will give him half the sale money lol

    He promptly told me to **** off lol and we didn’t do anything.

    My Dad passed away a few years later in 2020 and my Mum in 2021.

    We have till May 2024 to transfer these properties into our names and guess what, it’s going to cost us a lot more than $11k each now.

    We sat with my accountant early last year and she layed it all out and my pea brain Brother looks at me and said “maybe we should have just transferred it into our name all those years ago”

    I Looked and told him “of course we should have you dumb ****, I told you so”

    So yeah……
     
    MrGrigio and Cyt like this.
  15. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,204
    Mount Isa, Australia
    Full Name:
    Pap
    Yep yep, that’s what I will be doing with all my **** in 20 years time.
     
  16. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,883
    Melbourne, Australia
    Full Name:
    Carl
    I just don't get these sorts of cars. These models are common, why bother converting one from L to RHD? Just buy a RHD car and be done with it. 911s are incredibly difficult to convert properly (I've never seen a decent one), leave it LHD.
     
  17. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,698
    North Qld
    Full Name:
    simon klein
    Because of the factory/Aussie RHD premium I guess.
     
  18. Ferraridoc

    Ferraridoc F1 World Champ
    Owner Silver Subscribed

    Jun 20, 2012
    17,126
    Gold Coast, Aust.
    Full Name:
    Patrick
    Relax, it's a Gold Coast car! What could possibly go wrong?
     
    carl888 likes this.
  19. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,883
    Melbourne, Australia
    Full Name:
    Carl
    I'd say it the other way, the factory RHD/Aus/Books and tools/provenance sets the price, then it's backwards from there.
     
    greg246 and IanB like this.
  20. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,883
    Melbourne, Australia
    Full Name:
    Carl
    The Miami of Australia :D
     
  21. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,698
    North Qld
    Full Name:
    simon klein
    Well that was my inference.,same as any non Aussie built car.

    I'd stop my intimate nights with you to have a Bolwell Nagari in my shed.
     
    carl888 likes this.
  22. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,883
    Melbourne, Australia
    Full Name:
    Carl
    I'd love one, let's get one each!
     
  23. simon klein

    simon klein Two Time F1 World Champ
    Owner

    Feb 25, 2009
    29,698
    North Qld
    Full Name:
    simon klein
    Rocking horse poo.
    When looking for the hairy chested convertible I contacted the club,nil Nagari's have been for sale for years on the open market.
    I joined the club waiting for a phonecall...nada.
     
  24. carl888

    carl888 F1 Veteran
    Owner

    Oct 31, 2003
    6,883
    Melbourne, Australia
    Full Name:
    Carl
    Maybe they Googled you first? :D
     
    moretti, Ferraridoc and Horse like this.
  25. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    16,178
    Sydney
    Sean B has 2, a coupe and a roadster. I'll take the coupe thanks:)
     
    Horse and carl888 like this.

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