the $8,700 fee would probably not be deductible against income, and only deductible against a capital gain.

What is the fee for exactly?

Sorry Crusty, don't know much at all about farming or the tax and stamp duty concessions. But it sounds like there are a lot of concessions available. The above was just copied and pasted from Adelaide Bank

nope. You could only get the exemption on the one you live in.

But a building depreciation schedule will cost you about $500 and should give you the same result if you arrange it yourself.

Thanks Crusty.

FMD = Farm Management Deposit

Found this example on google:
http://www.adelaidebank.com.au/make_me_money/farm_management_deposits.html

Who can open an FMD?

• Primary producers with a non-farm income of less than $65,000 per annum.
• Accounts must be opened in one name only (joint/company accounts are not permitted).
• Primary producers may own more than one FMD, but they must all be with the same institution and not exceed $400,000 in total.
• You must read the ‘Statement to be read by Depositors’ (in accordance with Schedule 2 of The Income Tax Act) before applying. Full details and a copy of the Statement are available on application.

What does the book say? Especially in regards to Land Tax and distribution of income?

I would suggest you do your research before signing up for a trust.

Borrowing and placing the borrowed money into a savings account is very risky as you would break the nexus between borrowing and investing. Once it hits the savings account it is no longer borrowings.

Some loans offer redraw, so you could set up a IO loan, new split of course, and borrow the money and then deposit it back into the loan. Once you have the investment ready then you borrow directly from the loan, via cheque,

LOC is generally easier.

You should get a settlement statement from the solicitor and maybe a copy of the contract you signed too.

Try to read as much as you can before hand so that it all doesn't go over your head.

generally same as usual, but the other side will probably want a special condition requiring a personal guarantee