This will only effect a small minority of people who have been getting good tax free income from their super. A superfund can earn up to $100,000 and still pay no tax, thereafter it is just 15%. So if the fund as a $200,000 profit it will pay just 7.5% just. Outside of super if a person earned $100,000 this would be taxed at 37%. A company would be taxed at 30%.

You can't use a council valuation for stamp duty purposes you will need a proper valuation done.

Why not just gift it after 01 July.  Installment contract? Option to purchase?

Why gift at all? What are you trying at acheive? Consider centrelink issues, stamp duty, asset protection, estate planning as well as CGT.

This would depend on the type of trust and the state the property is in. Fixed unit trust in NSW for instance – unit holders get the land tax free threshold.
Discretionary trust in QLD – large tax free threshold

Hi Boshie

Sounds like you on hard times. I suggest:

1. Ring credit card company and explain the situation, ask for a discount and if they can cut the debt in half and drop the rate or interest free to assist.

2. Ring/Write to the ATO and ask them to wipe the tax debt.Provide medical evidence etc. They probably will

3. stay with same lender and apply for a split loan. keep most on fixed and a small amount on variable so you can pay off if your situation changes. Ask for $20k extra to pay credit card. But try to get the cash to pay it yourself.

4. If credit card company says can't help then once the loan is done ring them again and offer to pay them 1/3 of the outstanding balance in cash within 7 days if they accept your offer. Take it up to 50% if you have too.

Good luck

Nicolas,

I don't think that is possible.

Possibly
see ATO ID 2004/407
http://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~instalment~basic~exact&target=J%20JA&style=html&sdocid=AID/AID2004407/00001&recStart=21&PiT=99991231235958&recnum=34&tot=3263&pn=ALL:::ALL

I will be running seminars on soon on North Korean property. After the war the value of prices will sky rocket.

I also plan to introduce fashion into the country.

The profits will be taxable.

Yes it can be done.

As the house is in Vic your spouse can buy the whole of the existing property from you (no just 50%). This will release the full $150k which can be used to pay down the new PPOR loan saving you a lot of non deductible interest each year. There is no stamp duty payable in VIC on the transfer between spouses.

Cost will be small, some legal advice, tax advice and conveyance. but the potential savings are much greater.

How much you could save would depend on the spouses income, rents, depreciation etc.

A lawyer! trusts are nothing but a bunch of legal obligations and rights.