What title the property is shouldn't affect whether there is gst.

That house could be totally exempt.Or you will pay CGT apportioned on the time rented out – varies depending on if you lived in it first and then rented it or rented first and then llived in it.

I don't think selling a property so as to buy 'positive cashlow' property is a good idea.Think about which will give the greatest return. If this one is a dud then it may be best to sell but do the sums first.It could be that your property will be exempt from CGT because it could be still classed as your main residence. But it could also end up as…[Read more]

Depends what the fee is forSee one ATO view hereATO ID 2009/9 Income Tax Deductibility of expenses: property buyers agent's fee http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID20099/00001

Not sure when I am going yet. I am staying in Thailand now, and may wait till golden week is over.

waydo77 wrote:
must you only pay CGT if it is rented for more than 6 years ?  ..

in some cases/

And did you check with the bank that stopping payments is ok?

There is a lot <moderator: delete language> out there about asset protection etc.What you need to consider is what if xx happens and follow through.eg. What if you set up using a discretionary trust with a company as trustee.A tenant gets injured and sues the owner – the $2 company has no assets but the assets of the trust could be at risk.…[Read more]

Yes a smsf can purchase business real property from a member or related party but not residential.The parents could sell a property and make a deductible contribution to the SMSF which could wipe out or reduce the tax, but there would still be purchase and selling costs – assuming they buy another property in the SMSF.But, if the income is only…[Read more]

Hi GuysI am heading to Osaka next week. If you will be in town let me know. Prob won't get to kyushu though.

Perhaps do the calculations on selling one or more paying the tax and then contributing into super – would probably be costly though.

no, i am a lawyer with an interest in tax.

waydo77 wrote:
  at a seminar the other day was told that they are able to liaise with an accountant to help sort out structuring and simplify things a bit..anyone know of red?

sounds sus to me

Or tell the neighbour that you can forward their email onto the tenant if they wish.

Tell the neighbour to sort it out himself. Nothing to do with you.

Buy a property for tax reasons is not a good way to proceed. You should be buying if it is a good investment and taking into account any tax isues as well.Whether you should use cash or borrow also depends on a number of factors – not just tax. One consideration is if you use cash you would be saving 6.5% in interest you would have been paying to…[Read more]

Or just settle and look at restructuing asap.

A trust is a legal arrangement best done by a person who knows what they are doing – lawyer and/or accountant. Lawyer better really as there are a host of legal issues, but you may need some tax advice too.

Probably best to put on the farm loan as 1/4 of the interest on this isn't deductible.

I think tax planning is most important with considerations of asset protection and planning for further investments.. Probably need a tax adviser and lawyer