Faster and Cheaper way to go to Mater Hill from St Lucia

I just learn from Angelene recently about the new bus service 109 from UQ to City that replace the old 407 bus.

I go and check the transinfo website and i found out that, from UQ Lake Station to Mater Hill it only takes 4min by bus. WOw that is a great news. And on top of that, the bus fare is Zone 2 to Zone 2. Which mean i can get a 1 zone ticket instead of a 2 zone ticket to go from St Lucia to Mater Hill. I'm going to try to take the new 109 bus next tuesday to Mater Hill and see if the cars can used the new bridge from UQ to Mater Hill thru Dutton Park, if yes that will be a great news for those who drive.

Holiday

I had just booked my airticket back home to singapore for about 1 month for CNY. All this deciding and booked were done in 2 hours. Considering that it will be nice to go back for CNY and spend some time with my family and friends those that care for me. I recently realised that i'm someone who can booked airticket and fly to other place in a very short notices given. Sometimes i think i actually shock certain ones with my sudden decision.

Going back to singapore during March is expected and planned long time ago, but going back for CNY is not planned at all. I'm not sure if i had done the most effective thing by going back for CNY and extend my stay until mid March but i know in my heart that the motives of doing it is that i feel it might be the most effective to go back and spend some time with my family and friends.

It will be a very fun and fruitful holiday back home i believe. In my mind, i already had some ideas of how to spend each day to its fullness. I do look forward to the people back home rather than food cause what goes into my stomach as food will come out in a matter of days. But people are more valuable than anything in this world.

One thing that i know is that my Shepherd will be with me throughout this time even as i'm about to face one of my greatest fear soon.

Tax Law Question

I'm currently doing my summer semester. And the subject that i am currently undertaking is Tax Law.

This is a very interesting subject to me. Something that interest me is the area of renting out property and how it is being taxed on.

I came across this point in my lecture notes that states how some rent money received are not consider as rental income and it will not be taxed on. For example, "Homestay" and when "Owner of the residence permits persons to share it on the basis that all the occupants, including the owner, bear an appropriate proportion of the cost actually incurred like electricity, etc". Then later in the lecture, i came across Capital Gain Tax. And i got a bit confuse, cause it mention that we will be taxed on the property that we sold the proportion which we used it as a form of income. Cause in one of the tutorial questions, there is a question about a man who wanted to sell the property that he had been staying. That property had been used for several purposes and one of them is renting one of the rooms to a student. The answer is that it is a rental income and will have CGT implication.

Strange right? In the earlier lecture it mention that it is not rental income and will not be accessable. Then later, it mention that when you sold the property, it will be assessable as it was consider as a rental income. Or is it because the tutorial question didn't mention that the owner actually did share the appropriate proportion of the cost that incurred like electricity? That's why it falls under rental income. Did i actually got this all wrong? Can someone who read this blog please advise.