I'm a grower and a shareholder too. I have 10 lots in the 2007 Project. I had a huge capital gain I was happy to get a deduction for. I didn't borrow the funds for the project but if I had I wouldn't be defaulting as that may constitute a breach of contract. Not sure who you borrowed from but that will be treated as a separate matter to the lots so you may end up losing the lots or have them sold off. Just like if you borrowed for a house and there was an alleged issue with the house build, the bank wouldn't care and would still proceed with debt recovery.
Do you defer the annual fees or pay those, or borrow to pay those?
Valuations (for insurance purposes were as follows). They vary hugely from year to year based on market value, yield expectations. We have to bear in mind that just like valuing the net worth of a business they are highly variable.
I've gone back over my records and found the following valuations for my project. You can see from 2012 to 2013 it went down a lot too then up again in 2015 (I can't find 2014 - We use Evernote for doc storage so maybe OCR didn't pick up the keywords). They are just best guesses really based on a number of variables that are highly changeable.
|
Column 1 |
Column 2 |
| 1 |
2017 |
203673 |
| 2 |
2016 |
302102 |
| 3 |
2015 |
251640 |
| 4 |
2014 |
cannot find data |
| 5 |
2013 |
166000 |
| 6 |
2012 |
237600 |
| 7 |
2011 |
195828 |
| 8 |
2010 |
167209 |
| 9 |
2009 |
141956
|
The end point cash flow and expected returns were:
|
Column 1 |
Column 2 |
| 1 |
2021 |
332642 |
| 2 |
2022 |
1529343 |
Giving a net 941K 'tax cash flow' on the investment (their terminology, not mine).
