PropertyInvesting.com | Peter456 | Activity https://www.propertyinvesting.com/members/peter456/activity/ Activity feed for Peter456. Fri, 17 Apr 2026 21:22:03 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b20f0f01680e3e49bae29859c8acc3c0 Peter456 replied to the topic Buying a property-title of house in the forum Ok mate. Thanks. https://www.propertyinvesting.com/topic/4406109-buying-a-property-title-of-house/#post-4665700 Sun, 18 Mar 2012 06:54:48 +0000 Ok mate. Thanks.

]]> b642d5edee414a56f70293e6e4e80166 Peter456 replied to the topic Buying property in someone else's name in the forum Help Needed! https://www.propertyinvesting.com/topic/4406088-buying-property-in-someone-elses-name/#post-4665483 Wed, 14 Mar 2012 23:06:08 +0000 Shape wrote:
why dont this person just transfer the money to your bank account?

Regards
Michael

Then who would have to pay the tax? If he received it then he would have to declare it as income but if I did then I might also have to.

]]> 10ce85012321bd7f7acbe42ceb403146 Peter456 replied to the topic Buying property in someone else's name in the forum Help Needed! https://www.propertyinvesting.com/topic/4406088-buying-property-in-someone-elses-name/#post-4665480 Wed, 14 Mar 2012 13:23:08 +0000 If after I purchase it I organize an agent to manage it I can give them my bank account details and not the actual home owner. Right

]]> 8a798a937a356b3bbaf95e616949aa69 Peter456 replied to the topic International Bank accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405070-international-bank-accounts/#post-4658167 Tue, 01 Nov 2011 10:01:41 +0000 I know centrelink can access easily information about people who have money in any bank account in Australia. At least for surethose accounts which are receiving payments but also perhaps any account linked to the name of a person receiving payments by doing a data scan. This is all only relatively recent like since about 2008. They can scan…[Read more]

]]> 6ab9539c22b915f235533ff8ab7499ec Peter456 replied to the topic International Bank accounts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405070-international-bank-accounts/#post-4658165 Tue, 01 Nov 2011 09:21:39 +0000 Does centrelink know if you have money in your international account? People may transfer money overseas to keep getting payments or start getting payments as overseas banks may not share information with foreign governments. Peter

]]> 0f15bba785ee5c3bbb9a7ad0fb1dd889 Peter456 replied to the topic Centerlink and trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404439-centerlink-and-trusts/#post-4653818 Sat, 13 Aug 2011 06:23:41 +0000 Terryw wrote:
If you want to own property and still get access to centrelink benefits then one way to do it would be to assist your children set up discretionary trusts well before your retirement. The children should control the trust without your influence and you should have no role or control in the trust at all. Hopefully the children may…[Read more]

]]> 0d99fc2af641302e489f1600b710841a Peter456 replied to the topic Centerlink and trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404439-centerlink-and-trusts/#post-4653813 Sat, 13 Aug 2011 04:17:36 +0000 How does the ato find out if you receive a insurance payout? If you receive a payout and deposit the money directly into an account of a spouse and then buy property in a trust for the spouse to become trustee and you appointer.

The bottom line is if the ato dosent know then centrelink will not know unless you tell them.

Who else may give…[Read more]

]]> 1dcbd7eaacd404ba1aa8780d58e95ee0 Peter456 replied to the topic Centerlink and trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404439-centerlink-and-trusts/#post-4653812 Sat, 13 Aug 2011 03:41:07 +0000 Ultimately in that case the trustee is the one who decides the amount of rent to be paid for living in a property is it not? The more rent you pay, the more rent assistance you may be eligible for from centerlink. also the more rent you pay, the more profit is to be made from the property and the more you may receive as sole beneficiary.

I think…[Read more]

]]> 3e216c01e9da1988d96854f226257114 Peter456 replied to the topic Centerlink and trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404439-centerlink-and-trusts/#post-4653811 Sat, 13 Aug 2011 03:26:46 +0000 Terryw, I suppose what I meant was to buy property in a trust to begin with. Not for yourself and then give it to the trust. (Then you pay stamp duty twice). If you make yourself appointer of the trust then make a company or friend/spouse trustee. That way that person actually owns the property rather than yourself. You could even live in a…[Read more]

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