Thanks Paul. I follow that with regards to the destructibility of the insurance premiums themselves. But I'm trying to understand whether interest...
Thanks Paul. Sorry for being a bit slow, but I'm not clear whether you're saying the interest on a loan used to pay insurance premiums for a...
If property is currently PPOR and I borrow to pay for house (building) insurance premiums and then subsequently rent out, does the interest on the...
Thanks Terry - saved me from a potentially costly mistake!
Hi folks I was potentially thinking of having a bucket company as a beneficiary of a family trust to help smooth income over years. Is there any...
Awesome, thanks Terry. Also, if a DT were to vest in a beneficiary on the death of that beneficiary, would that be a CGT event/stamp duty? Would...
FIRST OPTION: Bart gifts $100k to Homer. Homer lends $100k back. Homer dies and bequeaths "the debt owed by Bart to Homer" to a TT that Bart...
Also, if a DT vests to a person on the death of that person (i.e. vests in their estate), does this trigger a CGT event/stamp duty?
That is correct. The intention is to be able to get capital into the TT without having to gift that to Homer before his death and also not...
I got the impression it's not possible to bequeath the benefit of the debt (as opposed to the repayment proceeds that Bart actually pays to...
Thanks Terry!
Hi everyone I was looking for a recommendation for lawyer/accountant in inner urban Melbourne to help with the following. I’ve never used an...
Right! Could this potentially work? Bart gifts $100k to Homer, Homer lends $100k back to Bart. Under Homer's will, three TTs will be setup each...
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