And don’t forget that both members of a couple are unlikely to die at the same time, unless they travel on malaysian airlines perhaps. So it is likely one of the spouses will inherit their spouse’s assets first. This allows for further planning opportunities, though you need to plan ahead as wills cannot be changed once capacity is lost.

Good point Richard. Get around it by just not lending to natural persons buying resi property.

Hi Rosetta

am a little confused by this sentence “There are other strategies to consider such as triggering a CGT event now, and plan to reduce it” Perhaps you could clarify this for me please

As an example say you have a house with a $400,000 potential capital gain. You could sell 50% of it to your spouse, meaning a $200,0000 gain is tri…[Read more]

A will incorporating a testamentary discretionary trust, or multiple trusts, will cost about $3k to draw up, but the tax savings should be multiples of this, especially if there are non-resident beneficiaries. It might even help with UK inheritance taxes. My understanding of UK inheritance taxes, which is probably wrong, is that it is based on the…[Read more]

You will need to get a credit licence and once you have that you can start to advertise, approach brokers, etc

It depends. Generally the main residence can be sold tax free up to 2 years after death. But not all main residences are CGT free – over 2 hectares, run a business from there etc.

get some legal advice about minimising taxes. One way may be thru a testamentary discretionary trust.

Have you got a credit licence?

why would someone sell something for 60% retail price?
When you sell property there is generally a 10% deposit and the rest is paid at settlement. And you cannot get access to the deposit generally.

It sounds like you are wanting people to pay up front, but not get legal title until 2 years later. Don’t think many would be prepared to risk…[Read more]

wow you are keen

best to make you money in business and to hold it in property – perhaps.

Yes full duty would apply.
Mortgage discharge and registration
loan application fees
conveyancing fees.
CGT needs to be considered

That is $3.6mil per year. If you receive 10% pa return on your capital you will need about $36mil in unencumbered assets.

To do this you could save $2mil per year, or buy $72mil worth of property and perhaps sell half and use the proceeds to pay off the rest.

How could you spend $300k per month?

Hey Bliss, these posts with no comments other than your url are considered spam. Not a good look for your business.

I don’t know about commercial loans with offset accounts but how will you get the cash into the trust?

You should contact a valuer.

Keep in mind, it could be totally exempt though.

which country are you purchasing in?

You shouldn’t take legal advice from friends. Speak to a lawyer and find out the implications, costs and then consider whether you should transfer the title to the trustee of a trust.

Only lawyers can set up trusts legally – speak to a structuring lawyer.

That makes it hard as there are only really two investments out there – property or business and the way to invest in business is via the purchase of shares…

Perhaps look at the different ways to structure your investmnets.

Yes you could use the 6 year rule on property A (providing it meets the other requirements).
But because the absence has been longer than 6 years it will not be totally CGT free. BUt a large chunk of it could be.

I am not sure why it is confusing.

Serviceability is worked out based on a set of criteria which means an IO loan will be treated more harshly than a PI loan assuming the same loan length.

You will still have to prove serviceability with additional income.

This is the same whether you buy a bargain or overpay for a property.