Have a look at my first few newsletters, I have covered ownership and other structures.

You get the vendor to lend you 30% and borrow the remaining 70% from a lender. Not easy to do these days.

It depends on his situation. A SMSF could work out cheaper than the fees he is paying, and he gains total control. There are also various other tax benefits available to SMSFs – anti detriment payments. Other benefits are estate planning, control and various tax strategies.

First, you should see if they claim to specialise. If they claim to then they probably will know at least a bit about property!

Yes, to be entitled to the full exemption.

One you have established it as the main residence by moving in, you can then be abscent.
The relevant sections are s118-145 ITAA97 and s118-192 and surrounding.

In this person’s case the first period was rented out, so the property will always partially be subject to CGT.

1). A loan changing from variable to fixed would not cause contamination
2) No it won’t because if you are paying PI the balance is reducing. As long as there are no redraws made all the interest should be deductible though.
3) IO would be better as you are not tying up cash in an investment property. Could be variable or fixed – that is a call…[Read more]

Yes, super is a great structure for someone your dad’s age and that can be a great strategy. income in super is taxed at a max of 15% whereas he may be taxed up to 45% outside. nearing retirement age means the money won’t be locked away too long as it could be accessed from age 55-60ish depending on a few things. once a superfund is paying an…[Read more]

Yes!!
Since you will not be living in it immediately it will always be subject to CGT on a time basis. But once you move in and out the 6 year rule can then apply from that point on.

If you rent it for the first year then claim it as the main residence until 2024 then approx 1/10th will be subject to CGT. All expenses incurred, and not otherwise…[Read more]

I have written about this topic in my last 3 newsletters. http://www.loan-experts.com.au/article/

First you have to consider whether you should jointly own property together. There are many reasons not to, and some reasons to.

If joint ownership then consider whether equal or unequal shares.

I generally favour TIC as
1. Each party can leave…[Read more]

Trusts are relationships in law, so they should only be set up by lawyers as this is legal advice. Tax agents can advise only on the tax aspects (a lawyer can too).

Does a hair dresser need a builders licence to work as a parking inspector?

Try Swan and Yii
http://www.swanandyii.com.au/

I clearly told you on 2 different forums that there will be little asset protection if you don’t get it right and that you need legal advice, from a lawyer.

Yes totally incorrect.

That is ridiculous! An accountant giving incorrect legal advice!

To transfer title any mortgage will need to be discharged. You will need to get your wife to apply for finance.

You need legal advice on this, get it wrong and no asset protection even if it is in her name.

Guarantors not on title would generally not effect this. Check the forms.

Yes, but unlikely they will consider.

Yes, I recommend Nick too. I often run into him on the various courses I do. I beleive he is still in hurstville.

Whatever you can make the most money on with the least risk and effort is the way to go.

If your goal is to get more deductions, donate your cash. You will get the benefit of a tax deduction and pay higher interest on the loans.

If your goal is to make more money then it may be better to park the cash in a 100% offset account. But which account will depeend on the owership structure. e.g. spouse on a lower income then put the offset…[Read more]