Hugo

by selling to your own discretionary trust you will enable the loan to be increased and the proceeds to be used at your pleasure!!. in effect it is like selling to a different person/entity. The new entitly (may still be yourself as trustee) obtains a loan to buy at market value. The trust uses this money to buy the property, and the…[Read more]

Is a disability pension classed as taxable income? If so, then he could claim negative gearling benefits. But the amounts of tax saved would depend on how much income he is receiving – being a pension, i imagine it would be low.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

You could not get regular finance while unemployed! If you held an ABN number, thus making yourself self employed, it would be a different story.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

Sounds like a good plan.

Since you are both eligible for the FHOG, you may wish to consider buying one property in one name initially. This will enable you to get a another in your partners name later on with the grant – assuming you are not a defacto couple!

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

A trustee usually will give personal guarrantees, so if properties drop in value and the lender forcloses, then the trustee will personally be liable.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

If buying online, I would stick to one of the HDT experts such as http://www.chrisbatten.com.au and … another whose name I forget!

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

I beleive he could negative gear his share of the house. best to talk to an accountant.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

Island. If you can keep coming up with deposits, then you can keep getting loans. The further you go, the larger the deposit needed will be, and the higher the rate. eg. 7.75% for about 70% LVR.

If your properties are located in country areas it will be much harder to borrow like this.

Terryw
Discover Home Loans
Mortgage Broker
North…[Read more]

Surrey

Another option could be to sell to your trust. Of course the purpose of doing this would be mainly for asset protection, not tax reasons. These are only a side effect.

If you are going to do something like this, check with your accountant.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

There’s not much asutralia stuff around, have a look at

http://www.aiex.com.au/
IMPORT PROCEDURES MANUAL
Author : John Brooks (AIEx)
Price : AUD77.00 (RRP only)
(Postage/Packing) : included in above price (within Australia)
GST : included in above price
Description : An excellent text to improve your understanding of importing. This…[Read more]

yes. The period you didn’t live in it would attract CGT.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

http://www.lawcentral.com.au
http://www.cleardocs.com.au

etc

I personally use lawcentral. costs about $257,

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

If he had no income, he could carry forward losses until he starts making an income in the future. It would not be much use to him/her for a long time (unless he started earning a salary). But if some of his relatives had a discretionary trust setup, he could be an ideal beneificary – especially if he has accumulated a few years of…[Read more]

I agree with the others, but it still could be a good idea to do if your other debts have larger interest rates.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

CPI (consumer price index) is a measure of inflation. It is determined by the prices of various commodities – not sure exactly is excluded, but most things are included. The CPI figures come out each quarter. You would want your property or shares to grow by at least the CPI or you will be going backwards.

Terryw
Discover Home Loans
Mortgage…[Read more]

What about comparing “cashflow vs capital growth” strategies.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

Depending on the business, maybe neither.

If it is a general trading business, probably a company – for the limited liability factor.

If it is proerty, look at a trust, possible a unit trust and/or a discretionary trust. You may also need a company as trustee.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

Be careful of buying low cost country properties.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Terry@discoverhomeloans.com.au

What about just gettting a loan securred on one or more of your properties and then use this for your business setup. Interest would be deductible, and you could keep your properties and save on selling fees, CGT etc.

ps. you should not have property owned by a trading entity as it will be at risk if the business goes down.

Terryw
Discover Home…[Read more]

hi Richard

Yes, Trust Magic is good isn’t it!

An accountant can set up your trust, but they will be simply buying one over the internet. You could do this yourself as well.

I don’t know about the costs. I have heard accountants say you can claim the costs, but I always thought the cost of estalishing a trust was a blackhole type…[Read more]