Don't know, but they wouldn't be of much use anyway. You really just need an application form.

no, don't think so.Tax deductibility depends on ownership. look at http://www.bantacs.com.au. House can be owned jointly by both with salary sacrificing allowing the higher income earner to save more tax while also allowing the CG to be split according to ownership.If you just buy in the higher income earner's name then you may save a bit of tax now but…[Read more]

Hi MuFunny how this site converts the http address. I had to do some searching, but found it, TA 2008/3.http://law.ato.gov.au/atolaw/view.htm?DocID=TPA/TA20083/NAT/ATO/00001or click hereWhile searching for the correct address, I came across a few other interesting links on HDTs.Using hybrid trusts – advanced tax planning or tax n…[Read more]

A trust is a separate entity with its own Tax File Number. You will need to have a bank account opened up for the trust. The account will be in the name of the company as trustee for the trust. ie XYZ Pty Ltd AFT ABC Trust.

mark58 wrote:
Richard.I am interested in doing something similar ie creating trust structure for my PPOR to become an IP. This would be my first investment!!I am interested in the following comment……..As the total amount of the loan is used for interestmest purposes the entire loan interest becomes a tax deductible expense.Does this mean…[Read more]

Yes, I think that you cannot claim a trip to see a property prior to purchase, but the costs could come off of CG when selling.If you already own property, then the trip could be claimable, but the percentage would depend on the purpose of the trip. If it was solely to inspect the property, then you could probably claim the lot including hotel,…[Read more]

It is getting harder and harder to get finance. Many of the specialised lenders have gone and No Docs are getting scarce with Low Docs also getting harder to get. Pretty soon there will only be the major banks left. Less competition means higher rates and fees. If it is harder to get finance, then less people will be able to purchase property…[Read more]

If you borrow to pay interest on a investment property or capitalise the interest (same thing really), then this can free up money which can be used to pay down your non-deductible debt faster while increasing your tax deductions. Becareful as you don't want it look like a scheme to save tax.

From a tax pov, you may still have to pay CGT on this property if you sell in the future, but it should be limited to the increase in value while it was rented. So it may be a good idea to get a valuation on it done when you move in (tell the valuer you want a conservative one done!). If you think you will ever move out of this one and rerent it,…[Read more]

Why do you think cashflow positive is the only way to go? There are still plenty of ways to make money.,

Each person on the title must be on the loan, but sometimes a title can be in one name with the spouse on the loan as well.

Think you may be able to claim one as your main resident. have a look at the booklets at http://www.bantacs.com.au

I agree. You are buying someone's half of the property, so you will need a new loan to do this. Maybe you could try to ask if they can keep your 50% portion of the original loan at the same rate?

Capital gains without a doubt!Without capital gains you are wasting your time I think. Making a few dollars per week now on a property that doesn't increase in value means you will be only making a few dollars per week in years to come. With inflation the value of that money will decrease over time too. And if there is a major expense, such as a…[Read more]

I personally wouldn't buy under my own name. Use a trust everytime – but it depends on your circumstances. Trusts may have to pay more land tax and they cannot distribute losses.

The bank will only release the title if they are paid out in full on settlement. So if the person sells it for less than is owning, they just have to chip in on the day of settlement. If there is a default and the person cannot pay, the bank will eventually sell the property and sue the owner for any outstanding money. If there is mortgage…[Read more]

http://www.ato.gov.au has the CGT booklet available for download. I think there is also a CGT calculator on there somewhere.I think it works like this.Profit $50,000less buying and selling costs etc of $8= $42,00050% discount = $21,000This $21,000 is then added to your other income.So if you were on the top tax rate you could pay a max of $10,500 in tax…[Read more]

And don't forget if you are developing with the intent to sell the profit will probably be just income, and not capital gains. That means there will not be any CGT discount. Having to pay income tax of the profit could be perferable depending on  your situation. have a look at the booklets at http://www.bantacs.com.au – there are some on property developing.

Hi HarryBut your units would still be at risk, and hence the property if you are ever sued.Since you run a business through a discretionary trust you should not be too much in need to personally deducting interest on the property loan. You could form a new Discretionary trust and buy the property in this. There would be a loss and no tax saving,…[Read more]

You could transfer the title to your name. Not all states offer stamp duty exemptions though. It would be as if you are buying her property, so there would possibly be CGT payable as it is an investment, though it may be exempt for the period it was her PPOR. If you borrow to buy this property the funds should be deductible and the money released…[Read more]