No.

Your super payments must go into a superannuation fund to be held on trust until you reach a retirement age or meet other requirements.

Is your home owned by a superfund?

$990 is cheap.

With a conveyancer all they basically do is transfer the title from the seller into your name. No legal advice and no advise on structure such as ownership JT/TIC etc. no advice on contract or special clauses etc. If things go wrong expect to get a lawyer involved too.

If you are planning to build and sell there may be no CGT, but just income tax instead. This may or may not work out better for you, depending on your situation.

Good question actually.

She probably can delay or prevent settlement. My guess is that the bank may step in before she steps out.

A relative of mine actually had this happen to him. He sold the property and the woman he was involved with put a caveat, after the sale too I think, and they couldn't settle. He still owns that property today, 5 years later. He ended up being sued in the family court and gave her a payout to get rid of her.

You should see your accountant as it is possible you may pay no tax.

But assuming the absence rule doesn’t apply, then it is worked out roughly like this:

Sale price – Purchase price less costs of buying/selling (stamp duty, agents fees, legals etc) plus any depreciation claimed.

$320,000 – 267,000 = $53,000 less costs, say $15,000 plus depreciation claimed, say $5,000 = $43,000

As you have held it more than 12 months you will get the 50% discount, so this is reduced to $21,500

This is added to your other income, so the max tax you would pay would be around half = $11,000 apprx

Very rough figures though.

Yes.

You just to a written loan agreement with mum and dad. Work out the terms of the agreement such as term, interest rate, security (if any) etc

They can charge you interest and you can claim the interest, subject to all the normal tax rules. They would pay tax on the interest you  pay them, but if they are borrowing from a LOC they could claim the interest they are paying the bank.

Watch out for Centrelink implications.

The section in the tax act, s118-145 ITAA, allows you to be legitimately absent from your property and legitmately renting it out. No need to have the mail go there if you don't live there.

found this one on google
http://www.investmentpropertycalculator.com.au/free-australia-personal-income-tax-calculator.html

This may help you work out the formula, or may be usable in itself.

And I recall I have used these spreadsheets before. There are heaps of good ones on this website including many property related ones.

I have often wondered how to do this formula myself. But I am not that good on excel so I would work it out in stages.

there is a way to do it though.

Can anyone else help?

Mate, I don't know what you mean.

Binding financial agreements are usually agreements between parties to a domestic relationship under the Family Law Act.

With Super there are Binding Death Nominations (or Binding Death Benefit Nominations) which is where a superfund member directs the fund to pay their super in a certain way or to a certain person on their death.

Testamentary capacity is having the ability to be able to do a will and understand it.