Why wouldn't it? Most trust deeds allow a trust to pay an income to a trustee for managing the affairs of the trust. Most trusts are also allowed to run a business and pay wages as well. They are usually very flexible.But why pay a wage? Why not just pay a distribution instead. If you pay a wage then you need to worry about superannuation and tax.

You will also find it very hard to finance – unless the valuer/lender is not aware it doesn't have the cert

Your mum can have 2 main residences with CGT exemption for up to 6months during the cross over period from buying/selling.You could sign a contract now with your mum with an extended settlement and do your renos etc before completion. Or, if you think values are going to be flat, just leave it in your mum;s name for a while – but watch out if she…[Read more]

You should also be very careful in taking advice from a bank from a tax point of view. They will advise you that a 100% offset account is no better than a LOC when this is plainly not the case.

Many states have exemptions from stamp duty for the adding of a spouse to the title if it is an owner occupied property.

It works because with a 100% offset you are not actually paying down the loan. So when you move money in and out of that account the loan is untouched.

date of contract

My answers:a) you can. Bear in mind ASIC records are publically searchable.b) Depends what your trust is doing. If residential property rentals, then there is generally no need. c) Depends if you register for GSTd) Normal building insurances. If running a bsuiness you may need professional indemnity and public liability. If running rentals, maybe…[Read more]

Just before you die borrow as much as you can. withdraw the cash and give it to family (leave no trails). Die on the target date and hopefully there will be not enough of the estate left to cover the CGT. You estate goes bankrupt but your dead so they can't come after you.

St G have been swamped because of their latest discount offering. At the end of the period it just reverts to the normal rate less the discount applicable. eg 0.7%,

i agree with Richard.

If your in VIC I think you may need to have a child before you get the stamp duty exemption.

Don't forget, the ATO has nothing to do with the FHOG, it is administered by the OSR in your state. Office of State Revenue.

Pos, Don't forget conveyancing costs.

Hi I think that is a good product. Lots of people don't like Bankwest's service, but that shouldn't matter too much if you are saving interest. After 3 years you reassess the loans market and move elsewhere if need be.IO is generally only for a initial period of 5 to 10 years. The loan then reverts to PI – or you can request a further period of…[Read more]

wealthyjvd wrote:
Hey again,as i posted earlier, i said i would be meeting with a mortgage broker Monday night, well we are heading into Tuesday and i just want to inform you guys of what i was told1. me and my partner would need a letter from our current work stating that we have secure jobs, (as they are part-time, and many lenders look at…[Read more]

I heard that GE clients are able to refinance with Aussie with no break costs for the next 12 months.

picklesam wrote:
Hi guys my mate recently got a job in my clinic and we're discussing putting our money together and invest. Here's what we want to do.We both earn $130k net. Our jobs are safe.I have a PPOR worth $400k, with $380k still owing. I also have an IP worth $400k with $370k owingWhat we thought was that since our income's quite high…[Read more]

ANZ did similar a while back. Others will follow soon I imagine. Poor banks are not making enough profit – even though they have kept around 1% extra with the recent cuts by not passing it on.

skuz wrote:
Hi all, I believe there are multiple ways of going about buying and financing investment properties. Would it be a good idea to have an interest only loan on an investment property that has a 100% offset account linked to it that continually grows due to rental income and savings being put into the offset account? My thinking is…[Read more]