Hi DanielIt is possible to get other income into a trust and then offset any negative from the property – or you can let the loss roll forward to be offset by future gains.The purpose of investing is to profit so I think you should look at the long term situation. Saving a few thousand in tax now by negative gearing in your own name could cost you…[Read more]

Sounds like this a a charge for breaking the fixed loan. It would be in the agreement you signed somewhere.

these are hard to finance and hard to sell and probably lower capital gains as a result

PosEnterprises wrote:
So why do Accountants keep saying that HDT's are a better way to invest if you intend on building a portfolio. Would you think about setting up a Testamentary Trust instead for the future.

These days I don't think there are many accountants recommending HDTs – in fact most are saying to avoid them I think.A testamentary…[Read more]

All banks go through periods of bad service etc. These periods come and go

And what is the definition of "domestic relationship"?In NSW spouse refers to married partners and defacto partners living togetherhttp://www.austlii.edu.au/au/legis/nsw/consol_act/fhoga2000250/s6.htmlSo if you are engaged to marry and are not living together you should still qualify.Please check the legislation in your state.

As long as it is under 5 acres and rural residential it should be treated as a normal property with loans up to 95% (depending on postcode etc).Even if zoned rural and over this size it may still be possible as residential as long as it is not income producing (eg cattle or farming).

What about Bankwest's rate tracker, it is even lower for the first 2 years and then reverts to a higher rate, but no DEFs.

I agree with Richard – unrealised capital gains can't be classed as income. Even if there were realised capital gains lenders would still, generally, not want to include that income as they would say it is 'one off' – ie. not regular income.

Hi DanielHybrid trusts don't really work in any meaningful way.1. Setup costs can be much cheaper. It costs $400 to set up a company with ASIC and a trust deed can be $600+ (+ stamp duty). Running costs: If a trust has just one property then the tax return for this trust should be very cheap. Many accountants charge you a fee per property, so it…[Read more]

Everyone on title must go on the loan. Legally it wouldn't be possible to lend money to one owner of a jointly owned property without the other's permission or consent.

It would depend on how much money you are going to have sitting around. If you have a bit then you could tax interest on the offset. You could save the same amount of interest by putting the money into the loan and using redraw later – but you will run into large tax issues down the track – so you need to work out how much interest you would save…[Read more]

That is a question you should be asking your lawyer.My understanding is that if you have made an offer and it has been accepted then your have a binding contract. But you will only be able to enforce the contract if you have exchanged – ie if you have a contract with their signature and a few other details on it.

If  you are creating an ABN for borrowing purposes, then you will need GST registration too – If you need to declare over $75,000 pa income. You will then need to lodge bas statements which is a pain.If your 'business' is not creating an income the ATO will cancel your ABN after a while too. However you can get around this if you have a good…

Hard to say as they are both next to each other. Kingsford is closer to the city and the uni, but Maroubra closer to the beach and bigger shopping area. Some parts of Maroubra are a bit rough, there is some housing commission there too. If I had to chose one to live in I would go for Kingsford.

I do all my own tax myself, but I have sent a few client's their way. Mike there has an excellent understanding of trusts and tax and he used to post on this forum,

DWGChanging names on the title means a sale. Your partner is buying your share. Think of it as 50% share each. You are keeping your 50% and buying another 50%. Your original loan will be 50% deductible up to the redraw point. The remaining 50% is being purchased using a new loan and since this is an investment then all of this new loan (to buy the…[Read more]

The high rent is nice, but I would be asking how much profit on the construction deal – ie how much will it cost to build and how much is it worth at the end. If there is profit to be made, then you can repeat the process and keep them with the loans covering repayments.Just buying with the hope of a capital gain may be less attractive.

Sounds like you didn't agree on a price at the begining and left it open ended. Maybe just remind them they said $600 max.

Mike at http://www.guardianpartners.com.au