yes, its possible.

You should be using a solicitor.But you can do it, just go to the land titles officehttp://www.lpma.nsw.gov.au/land_titles/dealing_forms/manual_dealing_forms

https://www.propertyinvesting.com/forums/property-investing/help-needed/4333346?#comment-217307

I  don't think they can because they are just leasing it.

No, it is to do with establishing your priority. The person selling the property may be facing money problems and it is possible that someone may lodge a caveat or a writ over the property after you have exchanged contracts and before you settle. If this occurs they could have priority over you in taking the property. Now it is law society policy…[Read more]

Without CG it wil be impossible to create equity other than by improving the property to increase its value – or paying the loan down.

The PIT is the trademarked name for a specific trust by a group called Chan and Naylor.I hear it is a kind of hybrid trust and may be different to other hybrids. There have been lots of developments over the years and trust deeds have evolved, so what was once possible may no longer be possible. eg in the old days many were saying you could use a…[Read more]

Funds borrowed or paid for with a credit card are a loan, so when you borrow or take out money from a loan and pay into a cc you are really only refinancing this debt.

You will need cash or borrow from another property as you will only get a max of 90 to 95% of the value or purchase price of the house you are buying.

Make sure you take steps to recitify this problem or you could be sued when one of them falls over (or fakes a fall over) and injures themselves.

There are tax breaks – you can claim depreciation and other costs associated with the property, but not interest on money borrowed for the new property. But, these tax breaks are unlikely to offset the income generated from the rent and this will mean you will end up paying more tax – while at the same time having a high non-deductible loan on the…[Read more]

Does what apply?In NSW fixed trusts may be treated differently to discretionary for land tax purposes. No trusts can offset losses, but there is a way around if it borrowing to buy units – but careful drafting is needed and flexibility will largely be lost.

I have done this myself and seen many others do it – none have lasted beyond a few years. So from the begininning plan it assuming one of you will want out in a few years.There are a heap of issues to consider such as asset protection – what if the other guy goes bankrupt or a family law type claim and  his/her partner slaps a caveat on the…[Read more]

One of the major disadvantages of a trust is that any losses cannot be used to offset your personal income. If you don't have any personal taxable income then this isn't going to be a problem for you. Another disadvantage is loss of land tax free threshold in trusts (in NSW and a few states). But you have probably used up the tax free threshold…[Read more]

I think you need a QS or a qualified and registered builder to do an estimate. Or you could probably use the original costs – if you know. You shouldn't worry about the cost of a QS as it is deductible and they are bound to find many more items than you would on your own.

In Australia different companies, trusts, smsf and individuals are generally separate entities for tax purposes and so the loss of one is generally not available to offset the income of another.If a company has other income it could offset the loss of a negative geared property against this income, but this would be extremely risky from an asset…[Read more]

No love and affection are needed as this is for transfers between spouses!. There is no number limits listed in the legislation, so it should be unlimited as long as you can meet the requirements.

If the mortgage is discharged then the security for the loan is gone. So if you get divorced or sued/bankrupted then you will have issues.

Unit trusts offer virtually no asset protection benefits and no tax benefits. But it may be a way for you to convert non deductible debt into deductible by selling to the trust – stamp duty will apply, and maybe CGT too.You also may be able to transfer the units without stamp duty later on, depending on the state your trust is established in. It…[Read more]

Well, you are only really transferring half the house so stamp duty on $220,000 which is the value of the portion transferred.