I think this may be the one King referred to which is in the legislation:
=
Example: You live in a house for 3 years. You are posted overseas for 5 years and you rent it out during your absence. On your return you move back into it for 2 years. You are then posted overseas again for 4 years (again renting it out), at the end of which you sell…[Read more]

To be sure we are talking the same thing, can you copy and paste the example?

I have never seen MPR either. In commonwealth tax it is known as the main residence (since 1997) and NSW tax it is called the Principle place of residence.

Yes the 6 year rule can be reset if a person moves back again. Look at the actual legislation and the example given:
http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/itaa1997240/s118.145.html

Bic could be totally exempt.

Who was the seminar with?

My hunch is that they offer buyers agent services

There can be advantages in using a loc and not mortgaging the property being purchased. One is that when you subsequently do mortgage it and borrow against it the lender can lend based on value and not purchase price.
E. G. Find a house valued at $100k and buy it for $80k using a loc secured against another property. 1 day after settlement apply…[Read more]

Yes and it could be done so as to maintain deductibility of interest

Borrow against the main residence as and use this 25% as deposit and costs and borrow 80% against the new property.

Even though you may live in the new property consider the tax consequences of if you were to move out so as to structure things in a way where all the interest would be deductible on the full purchase price plus costs.

I think rams loans were bought out several years ago and the rates quickly increased. Many borrowers could not refinance and were stuck there and had to cop the rate rise.

What would happen if they went belly up is that the debt would be assigned to someone else. Someone would buy their loan books and you would contine to repay as per normal to the assignee.

Selling 3 on one title is much better than selling 3 on separate titles, hence the discount.

Short answer is ‘no’.

LVR will be based on the figure the valuer gives.

Your heading says you want to maximise tax. Thanks for trying to pay more tax!

I didn’t say it wasn’t a good idea, but you must consider things such as
. Are you over extending?
. Rates
. Fees
. Default
. Being stuck with same lender for years to come

Etc

Do you think that is a good idea?

seek legal advice as to ownership structure and don’t believe what you read – especially on trusts.

She is making money off ‘referrals’ like this – likely 10 times what she would make from doing the tax work…

These types of deals are also often inferior.

Beware of people recommending new property

A agent should make sure they have authority to act as an agent by all owners. But this doesn’t always happen. Where one owner has suffered a loss due to negligance or fraud of an agent then they may have recourse against that agent – ‘may’.

Steven, Can’t you see the obvious here?