Dan42 wrote:

Terryw wrote:
Hi Daniel$8,000 per year is a big loss!Did you know that CG cannot be offset by income losses? I have never had an income loss so am not too sure how it works, but this is something you should discuss with an accountant.What I think it means is, using your above example, you will have to distribute the $120k capital…[Read more]

Look at the contract you entered into with the agent. It should be covered there. If you can't find it maybe just tell the agent you want to manage it yourself and I am sure they will tell you they need xx weeks notice.

This is a common question1. She can borrow on the existing property to buy the new one, but the interest won't be deductible. The size of hte loan will depend on how much cash she has available.2. no. All she could do is to borrow to pay the expenses on the rental property – such as insurances, rates etc

Also there are various rules with carrying forward losses in a trust. The trust may have to make a "family trust election" which may reduce the number of potential beneificiaries you can distribute to:http://www.moorestraining.com.au/files%5CResearch%20Material%5CFamily%20Trust%20Elections%20_2_.pdfSo many things to consider!

And why have you posted that here? This is forum not an advertising board and the topic of this thread is Japan anyway!

Hi DonYou just have to tell the agent you are going to manage it yourself, and give them the appropriate notice. Then you will need to tell the tenant and arrange how the rent is to be collected. Be prepared for a few extra phone calls and stories on how hard it is for them when you try to put the rent up etc.

Loans for land are available up to 95% LVR depending on the location. So you may need as little as 5% deposit. Most lenders offer land loans but some have a requirement that you must start building within 12 months.There is generally no difference in applying for a owner occupied loan v an investment loan. Same rate and conditions etc. Owner…[Read more]

Variable rates vary. They go up and down and there is no requirement for the lender to follow the RBA cuts.

St George aren't allowing extra money out – over $10,000 – on the low doc product. 

Just moving costs!Be aware that you cannot increase the loan on your current home and claim the interest if the money is used for the new home.

daniellee wrote:
Hi,After re-reading the opinions and comments of many who responsed, I thought about the Discretionary Trust once more. It finally made no sense to me to be concerned with a few thousand in cashflow loss from not being able to claim the interest deductions and depreciation.My partner and I discussed about the use of a Family…[Read more]

PosEnterprises wrote:
That is exactly what I was alluding to. Sorry about my wayward question.  Yes If you are a PAYE employee how do you get around this?  If you wanted to have the benefit now of borrowing in your own name but using a corporate trustee to hold the IP for you and future estate planning how do you do it.It seems that getting f…[Read more]

daniellee wrote:
Hi, EveryoneThis is the cost pricing I have been given by the accountant.Tax returns for individuals: From $150 + $100 per investment property per yrTax return for Trust / company: From $1000 upwards per yrSet up of Family trust without / with Corporate Trustee: $2200 / $1000Yr 1 with a trust, the running cost for us will be…[Read more]

Pos, I am not sure what you are asking.if the property is negative cashflow, then the losses will be stuck in the trust until there is a profit in future years. Depreciation is still claimable – it is not lost, but it is the trust that claims it. So a property may have a larger paper loss. Your own personal income cannot be offset by this…[Read more]

HiI have a few clients who have used their services and I have spoken to Mike there many times. He is one of the most knowledgeable trust experts that I have encountered. Since the last time we spoke he has increased this knowledge by doing the Master of Taxation course at UNSW learning more about Trusts. All this comes at a price though and his…[Read more]

Danits not that complex – you can easily do it yourself. But I agree if using an accountant it will cost a little more.

Hi DanielThanks for the update.As you can probably gather I am a big fan of trusts.You keep talking about HDT – but these don't really work and I think you should be looking at DTs as this is where all the tax and asset protection advantages lay.Here is my response to your points:1. Not true. All lenders understand trusts. They are very common and…[Read more]

keiko wrote:
Hi Terry, whats the current 2 year fixed rate with bankwest for commercial property

Don't know sorry

And watch out trying to settle on the 24th – if it is delayed again for any reason you may have to wait weeks to settle over the holiday period.

Have a look at https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4326640Daniel may be able to recommend the accountant he is going to see today.