Look at bridging loans – some banks will take into account the end debt – ie assume your home and loan are gone. Generally you must sell within 12 months of getting the new loan.

Also consider that there is a chance your purchaser may not settle so seek legal advice.

No commercial lender will lend you substantial sums without security. Generally private company shares are not worth much in terms of security. You will need to provide land as security to get a decent amount.

Still not sure what you are getting at.

Adding a spouse to title is easy to do, but it has wide ranging consequences in terms of death, control, borrowing and banktruptcy etc. This would be the same for most countries.

Interest rates are the same for owner occupied and investment properties. I cannot think of any lender that ‘discriminates’.

I thought you were trying to become a broker?

Dont understand what you are getting at?

Nope.

So many potentially dangerous issues – you need some proper advice.

If your mum’s husband dies first make sure she gets legal advice – she could easily claim the house.

Try doing an asic search for their registered office.
Were they real estate agents? If so the rent should have been held in their trust account. contact dept fair trading.
If they were not real estate agents still contact fair trading so they can investigate.

get legal advice – you may be able to start winding up proceedures and possible go…[Read more]

In most cases the tenants will move out when required. Don’t worry. Its rare that they don’t. I have seen it happen just once.

Offset just reduces interest payable on the loan it is offsetting.

Your lawyer would be the best person to talk to as this is a legal matter with far reachin consequences involving estate planning, asset protection, family law and property law etc.

I generally favour ownership in one name, usually the spouse least at risk of being sued. This not ony provides greater asset protection on any future bankruptcy (or…[Read more]

If you were absent for more than 6 years there may be some more CGT to pay, but it shouldn’t be as much as you expected.

Don’t forget the s110-25 costs you can claim

That is not correct. tell your accountant to look at s118-145. Initial period it can’t be your main residece, but once you had lived in it you could still claim it as the main residence for up to a 6 year absence.

Land tax is vic is different to NSW. Trusts do get a threshold there, unlike NSW, but it is very small. But the rates of land tax are higher for trusts than individuals unlike NSW.

Yes, get it wrong and you will be up for double stamp duty – seek legal advice.

Speak to your tax advisor about related party loans. Could you borrow from a parent, say 20% and a bank 80%. Properly done you could borrow 100% or 104% and have more interest deductible when you move out.

That is not correct. You can claim a partial exemption. s118-192 ITAA97 from memory.

Also any expenses you have not otherwise claimed can be used to reduce the CGT, including interest while you were living there.

Buyers agents fees are a capital expense (relates to the acquisition of a capital asset) so the fee is not deductible upfront but can be used to reduce CGT when the property is sold.

I disagree.

Lenders treat guarantees the same as borrowings. You are liable for the debt if the borrower cannot pay.