Gee, why wouldn’t you want a tax deductible trip to Sydney? Say a consulation Friday afternoon then you’d have to stay and shop… ummm I mean research the local market for the weekend since you’re here anyway rofl

Julia

I would have said it was Imput Taxed regardless of its subsequent use?

sort out your property ownership structure first otherwise you’ll have yet another problem to sort out – that of the new financing

Originally posted by Orion:
Hello all,

Thanks to all the people that have replied so far. From what I gather is that the ATO has no problem with the Hybrid Trust concept as long as the person who is living in the property which is being negatively geared is not a member of the Family who set up the Hybrid Trust in the first place.

Hang on a…[Read more]

Assuming the property is not sold (or deemed to be disposed) then Terry’s answer is spot on.

Judi (& earlier postee)

On the topic of Trusts (of varying kinds, how they work, when are they appropriate or not appropriate to use etc etc etc – Yes there are lotsa books and resources you could invest in. But boy o boy, the cost to buy the book/s may be small but then the time it will take you to get a handle on all of the above could be…[Read more]

Pica – I hope you’re not about to suggest an inflated contract price ? []

Judi – Have you thought about an unsecured personal loan (from a mainstream lender) to bridge the gap?

The interest rate could be better than a 2nd and way less hassle.

Getting permission for a 2nd to exist (from the holder of the first)sounds easy but doesn’t always work…[Read more]