I think you need some expert and expensive advice which may save you a fortune.

Cash in a company can be got at by borrowing, but there are strict rules regarding this. Division 7A. Need a written agreement and must charge certain interest rate etc.

You would probably want a new trust set up and borrow from the bucket company and then build up investments in that trust. Once it gets to a certain level then a new trust should be formed.

its likely the vendor will have to pay two lots of commission too

aan offset is a savings account  so if you have used money from an offset then there is no interest incurred. it is like using cash.

but if u take money out of an offset the interest on the loan it is attached to will increase  so indirectly interest is incurred.

if the loan is investment then it will result in savings. if the loan is not deductible then there will be no change in deductibility. the interest on the home loan will increase however and this extra interest wont be deductible which means you will be losing out. therefore it is better to borrow to pay investment expenses rather than use offset money

vendor is locked in – possibly to both contracts.
what state is it in?

Would you mind rephrasing this????

Are you saying someone recommended your son buy a property with others? If so he would only qualify for the FHOG if all the other purchasers also qualified and they would only get one FHOG between them

Yes, i agree Richard. In fact I said almost exactly the same thing in a PM exchange with V.

The DST is still worth considering, but maybe down the track.

Victoria – make sure what you read about SDTs was currently. I think the legislation only changed this year.

CHris, i am not following totally.

If you transfer ownership you are out of the picture. WHen you evenutally sell the partner will be up for any CGT and may not be able to claim an exemption for yourshare if he didn't live in that share and establish it as his main residence. He may also miss out on claming the exemption on the other share of the house that he owned from the beginning if you had claimed a main residence elsewhere during the same time period .

You will probably be exempt from land tax on the NSW one. You will need to look into the land tax requirements for ACT to see if you need to pay land tax and if there are any exemption provisions for absence from main residneces (assuming it was a main residence before). I don't know anything about ACT and land tax.

Partners – as in spouses – can only have one main residence between them.

CGT is calculated at market values too so when you transferred your interest to him you would be up for CGT on amrket value at the time of the transfer – unless the exemption applied.