I would suggest you just limit the 20% deposits from the LOC. Finance the remaining 80% on your own. Use an IO loan with a 100% offset account and stash the spare cash there. Finance is getting harder to get so you should get it while you can.

Negatively geared properties will one day be making a profit (otherwise there is no point!). It they are owned personally there is little you can do to reduce the tax.

i think so

Your property becomes an investment as soon as it is available for rent. ie you can start claiming deductions. You can still treat it as your main residence for up to 6 years and have it CGT exempt in certain circumstances.It shouldn't matter when you do the repairs as the damage was existing. Depending on the nature of the repairs you may be able…[Read more]

my understanding is that the property can only be claimed as a main residence once you have lived in it. If you then move out, and are not claiming another place as your main residence, then you have CGT exemption for up to 6 years,There is no requirement that you have to move back into the property (to my knowledge).see the tax legislation at…[Read more]

Its going to cost you a fortune for a solicitor to manage that for you. The other party shouldn't be worried about paying to you as they have your money so this arrangement won't really affect them. Documents can be held by a lawyer without this arrangement. The way you have set it out seems too complicated to me.Whether you handle it or a…[Read more]

ok,

OzInvest Canberra wrote:
Hi. thanks for the question. It is not an insurance product. It is a guarantee by the Company OzInvest. The lease back has been in existence for 11 years and has proven popular with OzInvests clients.

In Prudential Insurance Co v IRC [1904] insurance was defined as existing where one person undertakes, in return for a…[Read more]

Yes, but why would you need the escrow? I can't see how it would work or why it would be needed.

I think you would be running a business and so would need a work visa.

see the pdf booklets on http://www.bantacs.com.au

ANZ just changed their policies, max 2 units per title now under resi

Sounds like a sort of insurance product. The Investors Club got into trouble with something like this I think.  Is your product licenced (is there a requirement?)

What you need is a property specialist lawyer. You are really just lending the buyer money so you will need a loan agreement. You will also need to take some sort of security for the loan such as a second mortgage and you will need a lawyer for this. Not sure what you mean by escrow. The contract will be suject to you offering vendor finance I…[Read more]

You will need to convey it to the trustee. Transfer documents will be needed etc. You will be up for legals on the sale/purchase but this should be less than a normal transfer as all the checks won't be needed.You will also need to discharge the mortgage and pay any exit fees and then to reapply for the loan in the trustees name.I would suggest…[Read more]

Well, you would need a formal loan agreement and stamp duty may be payable in your state. And, to make it an authentic transaction you need to pay the money over. Otherwise it may be a scheme to defeat creditors.

I should point out you will need to be careful of the clawback provisions of the bankruptcy act too. This transaction could be undone if the person were to go bankrupt within 5 years if the transaction was done with the intention to defeat creditors.

Say you have a property worth $100,000 with a loan of $30,000. That means you have $70,000 exposed if you are sued.So what you do is gift $70,000 to your trust. Your trust then lends you $70,000 and it takes a second mortgage over your property as security.I am not sure of the taxation implications. The trust should probably charge you interest to…[Read more]

yep, its truesee the tax act, s 118-145http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s118.145.html

Yep, you would need one PPOR per couple – best in the name of the person with less risk.Buying in your own name exposes your property to risk and to high rates of taxation and there is no flxibility at all.