[chief007Participant@chief007Join Date: 2004Post Count: 11]

July 18, 2006 - 5:57 am

Hi Josh,

Why is that? I see many people gearing up against their properties to invest in shares. All i am looking at doing is investing in a business as a minority shareholder.
How else can you do it?

If my servicing ability stacks up and within the LVR policy I cannot understand why they would be anal about it?

Maybe its best if i get a loan through another financier and that financier can take a second mortgage over the property with my fiance acting as guarantor? What do you think? It might be cleaner?[biggrin]

Cheers
Loui

[chief007Participant@chief007Join Date: 2004Post Count: 11]

June 7, 2006 - 12:00 am

hi jessmont,

where are you based?

[chief007Participant@chief007Join Date: 2004Post Count: 11]

October 30, 2005 - 1:37 pm

Accordingly, your capital proceeds will be one-quarter of the market value of the property at the time of transfer and not the amount you actually received

Is it 1/4 or 1/3 as one of the parties will become the sole owner of the property? Will he be liable for CGT as well?

Thanks heaps guys. Fantastic forum.

[chief007Participant@chief007Join Date: 2004Post Count: 11]

October 30, 2005 - 1:02 pm

Just to clarify do you mean the gain will be 1/4 of the difference between the cost of base of purchasing the property and the market value of the property at the time of transfer?
Also do you think it is feasible to get a valuation done from a qualified valuer than just using your rates? Is their a listing anywhere showing a panel of valuers that can be used? or is a real estate agent ok?
Appreciate your help.