Trusts cost from around $200 on the net if you do it yourself. Accountants may charge around $1000 with some advice and apply for the ABN and TFN for you, and GST registration if needed. On top of this you need to add stamp duty in most states – nil in QLD i think, but around $500 in NSW.Company registration costs $400, approx for ASIC fees and an…[Read more]

try http://www.guardianpartners.com.au. Milke there is an expert on trusts and tax in general.

You can only amend tax returns for up to 4 years I think. Better check with an accountant on claiming the costs – may be able to claim against income if you intended to build an investment property, or maybe off the CGT. Not sure.

Hi DGood stuff,I would looking at these too. $150,000 units that rent for $210 pw. Not bad.Lakemba is another area.

Offset account would have no tax consequences as interest is not paid. But if you have a choice you should move the offset to the owner occupied loan. You should save non-deductible interest if you can. If you are thinking of having one biog loan, then this is no good at all for tax reasons and you should seek tax advice.

You should probably look at using a discretionary trust as there are more possibilities of reducing tax. Or Maybe a company with the shares owned by a trust.Another thing to consider is finance. Will you qualify if only working part time. It will be approx 2 years before self employed business income is taken into account.

The trouble with these mortgage managed type products is accessing equity in the future.  Sometimes it is not easy. Often the loans are mortgage insured no matter what the LVR is so you must overcome the LMI criteria too. Also the exit fees can be high.

try http://www.guardianpartners.com.au

Sounds like it could be a good idea if the small extra payment could lead to a change to strata title. Even you you all chip in for the other ones that won't pay. but check this thoroughly. Maybe speak to each owner. Don't believe the agent.if this can't be achieved, then it probably is not worth buying as it will be impossible to sell and hard to…[Read more]

I think this is problematic. As Dan said the company will need a special loan agreement to lend an associated party money. Firstly, the money is not your money, it is the company's money. Director's of the company have a legal fiduciary obligation to work in the company's best interest. Even if you are the sole director and shareholder these rules…[Read more]

Same.I generally make a quick calculation of estimating borrowing capacity by multiplying annual incomes (of both borrowers) by 5 or 6.very rough tho.

Don't think so. I haven't heard anything like this before. You could ring the OSR to check

HiI believe that trust is a unit and discretionary trust combination. If you have the unit trust own the asset and the units owned by a discretionary trust, then this is very safe. It may even be possible to transfer the units of the unit trust to a SMSF without stamp duty down the track just before you want to retire.The used to advertise the…[Read more]

See Tax Determination TD51 which covers this

And here is the AbstractAbstractThis thesis began as an investigation of the effect of adverse possession upon theland market where the adverse possession extends only to a small portion of theabutting parcel and the subject land is under a title registration scheme. Theconsequence of such adverse possession on part only of a parcel is that the…[Read more]

Malcolm McKenzie PARK2003, "The effect of adverse possession on part of a registered title land parcel." Ph.D. Department of Geomatics, The University of MelbourneYou can download it from here: http://www.sli.unimelb.edu.au/research/publications/MMP_PhD.pdf

I heard of a case in the news, i think, where residents of a suburb in North Sydney had 'claimed' the old lane way behind their houses. They have fenced it in and council did nothing about it so they made a claim for title based on adverse possession – after holding it for the required time.And, I have a copy of a Ph.D. thesis by someone on this…[Read more]

and Propsa, how does it work. Do you charge a fee? or does the builder pay you?And are you operating in all states?

what a good idea. good luck with it.

Yep 95% + LMI.90% is pretty standard