PropertyInvesting.com | avantilaw | Activity

avantilaw replied to the topic SMSF Borrowing to invest in Property in the forum Legal & Accounting

Thu, 23 Nov 2006 00:10:19 +0000

If you have any issue regarding SMSF check with your auditor..in the end the auditor has to approve the transaction

In some cases it is a matter of accumulating sufficient capital in the SF so that it has sufficient funds to invest in it own right.

A “commercial ” arms length property trust with the same exposure to the relevant property market…[Read more]

avantilaw replied to the topic Advice Needed - Next move in the forum Help Needed!

Wed, 22 Nov 2006 23:55:40 +0000

My question:
* Is there a way to live in a tax deductible home?…..I have read a little on trust structures, can a trust purchase the home and can we then rent the property from the trust?

The answer according to the ATO is no. Part IVA “dominant purpose test” could be applied. Read tax rulings for their application but also for ATO culture…[Read more]

avantilaw replied to the topic Hybid Trusts in the forum Legal & Accounting

Wed, 22 Nov 2006 23:38:32 +0000

as a lawyer we often change the name of the purchaser even after contract is signed.

you need to novate the contract (i.e terminate the original and then sign a new one). can be done with agreement of seller

avanti lawyers

avantilaw replied to the topic Hybid Trusts in the forum Legal & Accounting

Wed, 22 Nov 2006 23:37:24 +0000

as a lawyer we often change the name of the purchaser even after contract is signed.

you need to novate the contract (i.e terminate the original and then sign a new one). can be done with agreement of seller

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