How can you understand that? it is just my opinion.You must do some indepth research, thinking and planning. And in the end it will depend on the property too.

Probably VIC if you want to make money.

With no capital growth you are probably better to keep your money in the bank!If you invest in a cashflow property returning 8% then have you worked out what you will get after expenses. You must factor in high costs for repairs too.Of course with leverage things may work out better and there could be some capital growth.And, if you have that much…[Read more]

WIthout Capital growth you are not going to make any money in the long run.

My view is that none of the interest will be deductible if you put the money into an offset account. Once it hits the offset it is no longer borrowings. See the Domjan case – although Domjan was denied deductibility because the borrowed funds were mixed with non borrowed funds in the offset.Use a LOC as it is not worth the risk. Or use a term loan…[Read more]

AalliBefore you buy make sure you get your structure properly sorted out and set up,

s0805 wrote:
To answer you question what will you be doing with the funds until they are needed for a property purchase ? I will be in market looking for properties or hire buyer's advocate to find me property eith their fees. I mean I will be redrawing 95K in Mar 2012 but i will not be spending this money until I make the property purchase ( e…[Read more]

hi Mike,S115-30(4) couldn't apply in this case because the interest of the deceased didn't pass via the estate. If the property was held as Tenants in Common it would have applied though.

 You will be selling the car and receiving cash. that generally poses no tax issues.That doesn't mean you can claim the interest on the car. that would be a separate transaction. If you are using it for private reasons then the lease wouldn't be deductible. But if this is a salary sacrifice arrangement you might be reducing your income by the…[Read more]

When a joint tenant dies the survivor is treated as having acquired the deceased's interest in the property on the date of their death. s128-50 ITAA. So Blade if you had waited 11 days you could have saved $15,000 in tax. (not trying to rub it in, but just wish to point out to others the importance of getting legal and tax advice).

12 months is from date of contract for purchase to contract to sell

You could make an application to the court to modify the easement – s89 Conveyancing Act NSW

hiI don't know much about easements. But they can be not registered and still valid.EG. s42(1)(A1) Real Property Act 1900 (NSW)REAL PROPERTY ACT 1900 – SECT 42 (NSW)http://corrigan.austlii.edu.au/au/legis/nsw/consol_act/rpa1900178/s42.html 42 Estate of registered proprietor paramount (1) Notwithstanding the existence in any other person of any…[Read more]

Sounds like you seen a property sales person rather than an investment advisor. Be very careful

hi Cathy,I am not an accountant, so cannot be sure, but if there are losses in the trust and these cannot offset the capital gains then the losses would be carried forward to be offset by future income.But you would need to go about things very carefully as one of the requirements for a valid trust is property. So you would have to keep some…[Read more]

Good point Catalyst!If they were spouses (married or defacto whether same sex or not) then only one main residence between them.

I would imagine that your interests in the property would be treated separately.If you are renting the property out after establishing it as your main residence then the CGT exemption could apply if you have no other residence which you are classing as a main residence

Well, companies cannot get the 50% discount. There may be more exceptions too.

Ghorvath wrote:
If my wife and i 

Who is purchasing you or both?

Generally yes. an asset held more than 12 months gets the 50% CG discount. This amount is then added to your other income which determines hte tax payment (after deducting other expenes)