Get some legal and tax advise as well. No main residence exemption and no 50% CGT discount. How are you going to fund it? Perhaps you could lend money to your daughter who could buy it.

Depends on the circumstances. You should seek specific tax advice on this complication area. You may or may not be entitled or required to register for GST and CGT may or may not be applicable.

Wez2014 wrote:

How are they to know if it is intentional to make $$?
Seems to be a grey area to me?

Yes it is grey. If they investigate they will look at the circumstances of why you keep buying and selling. If you are a registered builder that won’t help, if you are doing renovations and adding value then that will go against you too.

There is no limit, but if you are doing this with the intention of making money then it can be taxable regardless of if it your main residence or not.

There was a case a few years ago in which someone with 12 properties was considered not to be in the business of property rentals.

Why do you want to be considered to be running it as a business?

I know of no book that covers asset protection for australia. I have half written one but i keep getting g side tracked so may never finish.

You should read the bankruptcy act and just dona search on posts that i have written here and at other property forums.

Pia software is good for forecasting. Property investment analysis.

Ultimately it seems bankruptcy is what you want to protect against and the best protection for this is an appropriately structured discretionary trust that has an open class of beneficiaries and gives the trustee the power to accumulate. Seek legal advice.

But assets of a trust cannot be willed. Ie cannot be left in your will.

For family law purposes trusts can be attacked but there are ways to strengthen then against childrens future spouses.

An alternative is to own in your own name with a discretionary testamentary trust set up in your will. This will provide slightly more asset protection than a yrust set up during life. There will also be more tax advantages.

To strengthen asset protection for personally owmed assets you can consider using loans from spouses or parents or related trusts. The lender could take a mortgage over your property to secure their loan and this could cause them to take priority over other creditors.

Also consider that structure is only half the story. The other half is how you transact things. Who pays deposits and how. How contracts are entered. Where rent money is paid etc etc.

Hi. I am a lawyer specializing in asset protection. Firstly what are you trying to protect against?

A tax agent or a lawyer could assist. Tax agent would generally be cheaper. Perhaps the one the does your tax return.