I have about 300+ strategies developed with many of them on tax strategies on CGT, some relating to this are
– move in, main residence, move out and rent
This should only be done if the savings are enough to justify moving twice.

– move in, main residence, move out and into a new main residence and later sell the first one tax free and pay down…[Read more]

Why not do both?

Using some tax strategies a main residence can be rented out and negative geared without loss of the main residence cgt exemption if certain requirements are met.

You get the best of both worlds of saving tax and avoiding tax as well.

Here is an article I wrote a while back:

The short answer is that you get some CGT relief as the period subject to CGT is apportioned.

Example
Bic Dong purchased a home in 2000 and moved in straight away. It is a small residential block and is his main residence and only property.

On 01 Jan 2004, Bic moves out. He ends up renting a property…[Read more]

try http://www.redwoodadvisory.com.au both accountants and financial planners- in melb tho

1. Deductibility doesn’t depend on the security for the loan – this is largely irrelevant. It is the use of the funds that determines deductibility. If the trust borrows to invest the interest would be claimed by the trust.

2. no.

A SMSF is a trust. The proposed members must set up a trustee and the settle the trust and appoint themselves members of hte trust. Who do you use? The trustee does the work. There are various companies that help in administration of the fund, there are also financial advisors that can advise on the financial aspects, but it is the trustee that…[Read more]

Jaxon, It would be extremely unlikely that such a matter would worry a bank let alone get to court.

I think there will always be personal guarantees with commercial lenders. Never seen the ability to avoid one.

If the lender asks you would need to disclose personal guarantees given so the lender would then assess you on the full debt of the 3 trusts. If they don’t ask about personal guarantees then you would be assessed on your personal debt and the debt for the borrower in quesiton.

A straight forward no!

Without the ability to pay the loan back it would be a breach of the nccp act for a lender to lender you money.

There is no real difference with structuring loans between negative and positive cash flow property. You should still borrow 104% and avoid cross collateralising securities.

For the trusts this is a complex form of legal ownership which you should seek legal advice on.

I am made a thread here on how trusts can improve borrowing capacity. See…[Read more]

Convert it asap and ask for it to be back dated from when you moved in.

Such a contract could be legally binding.
And you would be entitled to recover your share of the profits from your brother – he would be holding them on constructive trust for you.

But complex and expensive to enforce, possibly.

You could also enter a co-owners agreement which is a contract on how you will pay for expenses and other things…[Read more]

Such a contract could be legally binding.
And you would be entitled to recover your share of the profits from your brother – he would be holding them on constructive trust for you.

But complex and expenses to enforce, possibly.

You could also enter a co-owners agreement which is a contract on how your will pay for expenses and other things…[Read more]

whats the cost?

Not much you can do really other than run thru a property manager. Just contract with the agent that he pays each to each of you via a separate bank account and also that all important decisions are only made with unanimous consent.

Not much you can do really other than run thru a property manager. Just contract with the age that he pays each to each of you via a separate bank account and also that all important decisions are only made with unanimous consent.

A good source for legal books are the uni second hand bookshops. They have heaps of previous edition books cheap – but still very up to date.

Then just read articles on law firm websites and get on a few mailing lists. Also read the forums.

There is nothing really advanced out there but you could start getting technical by reading tax articles and rulings etc and law articles in relation to the legal and tax aspects of property investing.

There was an article in the newspaper today about Rick Otton, a promoter of vendor finance strategies.

It is an interesting read:
http://www.abc.net.au/news/2017-08-11/buy-a-house-for-$1-claims-slammed-as-deceptive-misleading/8798492