All Topics / Help Needed! / Sell or keep as investment? Dilemma – advice sought please

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  • Profile photo of TerrywTerryw
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    @terryw
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    October 17, 2012 - 11:12 am

    must be market rates if you want to claim interest. Can sell  for whatever price but CGT and stamp duty would also be taken at market rates.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
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    October 17, 2012 - 11:18 am

    Thanks for that Terry. So the wife can only purchase 50% of the property? She already owns the other 50%. Does this make sense?

    Profile photo of TerrywTerryw
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    @terryw
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    October 17, 2012 - 11:21 am

    If the husband owns 50% and the wife owns 50% then she could buy his share and then end up with 100%.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
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    October 17, 2012 - 11:33 am
    Terryw wrote:
    If the husband owns 50% and the wife owns 50% then she could buy his share and then end up with 100%.

    So if a house is worth $500k, she can only spend $250k to buy him out. If she buys the property for $500k wouldn’t she be buying her share again?

    Sorry I’m not being very clear !

    Profile photo of TerrywTerryw
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    @terryw
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    October 17, 2012 - 11:38 am

    You can't transact with yourself.

    If he owned property worth $250,000 she could buy this off him for $250,000

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
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    October 17, 2012 - 11:48 am

    Makes sense now, thanks Terry

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