Sounds good as long as the properties don't go back in value – otherwise you have lots of equity just sitting there being wasted.

That is only one of the many rules. it seems a very complex area of tax, but iwht some planning you may be able to do it. I think there was also some articles in the http://www.lawcentral.com.au newsletters.

What about offering some form of vendor finance – you lend them the deposit and/or pay their stamp duty etc.

In Sydney rents are rapidly rising. But I think you can only charge what the market rate is, otherwise tenants will just move. If there is a huge shortage, then they don't have anywhere to go though!!

There are loans called No Doc loans whereby you do not need to declare an income. You just need 30% deposit. with $100,000, you could buy up to $400,000 worth of property. Whether this is a good idea or not will depend on your situation.Do you currently have a home loan on your main residence? If so putting the money against that loan may be a…[Read more]

You could sell your house to your partner, if you have one, or to your trust. This way you get to keep the house, and have a new large loan which would now be deductible as it was used by the new purchaser to purchase an investment property.The funds released can then be used to pay cash for the new home..You will have to pay stamp duty, and that…[Read more]

There is only one product with one lender that i can think of that is not for trusts (ANZ Low Doc), other than that you should not have problems getting finance with a trust structure.I personally would not buy anything in my own name. Even when I go to Mcdonalds I buy a big Mac as trustee for the …….

You can actually rent out your home for up to 6 years and still claim it as your main home with CGT exempt status and claim all costs at the same time. see s118-145 ITAA.So doing that you would be saving money on the rent as well as getting some good tax deductions – and may not have to pay CGT.

The only trouble with putting it on the loan is that you are paying down deductible debt. This is not a bad thing, but if you wanted to take the money out again for a person expense (eg new home loan), then the extra interest incurred will not be deductible (as the redraw will be new borrowings for personal use). ideally you should put it in an…[Read more]

With a deposit like that you should qualify for a Low Doc or a No Doc loan easily. Many require a 2 year ABN, but there are a few out there where there is no ABN requirments.you may even get through with a normal full doc loan as some lenders only require 1 year self employment if in the same industry as you were previously employed.

Hi BenI see. So you want to contract through your trust. Yes, that can be done, but you have to set it up correctly otherwise the ATO will still deem you to be earning the money. Do some research of "Alienation of Personal Services Income". there are some good booklets on http://www.bantacs.com.au about this.

Oh, sorry, So you want to do some work and then charge your trust? I am feeling a bit slow now. I guess you could. But why would you want to do that? You would have to pay tax on the income that the trust pays you. it would be better to leave the profit in the trust and then distribute it to the lowest tax payer.

It would probably depend on how new the fittings are. eg Hotwater system may not be 30 years old, same with the carpet etc.I think some of the depreciation companies will assess whether it is worth doing over the phone, by asking you a few questions.

Banks have been making it hard to leave for years. They lose discharge forms, don't return calls, are understaffed in the discharge areas etc. This is probably to punish those leaving and to get a bit of extra interest out of them too.

It you structure it correctly, you may be able to borrow to pay interest on your existing investment properties, freeing up cash to place into your new property. It won't instantly help, but it will build up gradually.

You will have to work out your taxable income after taking into account the rent and all expenses of the property, including depreciaton. Once you have found this, then look at the calculator on the ATO site to determine your new tax amount and minus this from the old tax payable and that is your tax savings.

off tracl UME. it doesn't depend on who the trustee is, but to who the CGs are distributed to. I fyou distribute to an individual, then can claim the 50% discount. If to a company, then cannot.Also if you are going to be using a company, you can have the shares owned by your discretionary trust.

I would probably go to ANZ or St George. stay with one of the majors, get an IO loan with a 100% offset on a professional package.

Whether you use a trust or not will depend on the situation of the new owners. There will be stamp duty involved and possibly CGT payable if the property was an investment as well as legal fees – all this whether or not you use a trust. Actually all of these costs probably could have been avoided if the property was originally in a trust. Stamp…[Read more]

If your entity is conducting a business you can claim business related expenses. Actually you could claim anything, but would need to justify it if audited so it is up to you how far you want to go – eg. is your pet dog really a guard dog?