Yep, there are many out there. rates around 9%+ depending on the deposit etc.

I am sure he would be. He is the most knowledgeable tax expert i have encountered.

Not sure how that would be treated in tax. If you do it make sure the funds in the offset are not tained by mixing with savings or connection with borrowing the money and the later investment may be lost.

Why not just increase loan and get the money out and then pay back into the loan.  Redraw later when needed (make sure it has redraw first!). Or set up another offset on another account – and then use only for these funds.

THe LOC would be easier – the extra rate may not make that much difference – and you may even be able to negotiate a discount.

Never trust a real estate agent. and never use a conveyancer. It is your responsibilities to check these things.

try Mike at http://www.guardianpartners.com.au

You should probably be able to over come the PSI rules to some extent. You should probably seek out another opinion from another few accountants as it could save you a fortune. Something simple could be to form another trust which could operate as a service trust supplying services such as secretary, equipment etc and leasing this to the other trust – at a profit of course. This way money is diverted to the 2nd trust. It has to be set up properly and commercially for it to work.

Another way may be to get another doctor in for 1 day per week as a contractor and your husband go and work at another practice on this day – maybe the husband could be hired out supplied by the 2nd trust. This may help overcome the PSI rules and broaden the client base.

You can then set up a 3rd trust and purchase the property in this one. Profit from the 2nd trust could be distributed to the third trust to offset any losses.

needs careful planning

Hi Tugger

Youre LVRs are very high, you have low cash reserves and your incomes will halve in the comming year – sounds like it would be very risky to attemp another one. Unless maybe you could go back to work full pay if things suddenly go bad.

nope. much different in nsw. From memory it is stamp duty exempt from one spouse to both spouses but only for the main residence.

What is it?

It is a difficult topic and I don't understand either.

I think when you sub-divide the land it will be treated as new land so if you sell one block straight away GST would usually apply. Not sure if this is the case if there is a house already on the block.

CGT – also not sure either