Get some legal and financial advice asap. There are many legal issues to consider.
Withdrawing it now could result in no tax being payable.
Have you run the numbers?
I helped a client 'keep' their house by selling it to the trustee of a fixed unit trust with the clients borrowing 100%...
can you assume when you get an instant reply that the office is unattended?
What about the "assumed" bit?
The tax will be on trust distributions. So avoid distributions.
They will probably have to pay for a settlement agent also so will you split their fee too?
Land contract date usually.
The dwelling is not a separate asset, usually, as it is attached to the land.
I am not an accountant either, but...
based on the info provided it could be the main residence, but that would depend on the circumstances.
No for the second question, what about the...
Perhaps you could combine this with the substitution of security to keep loans open and then debt recycle these into further property or share...
The relevant legislation is s34 Duties Act 1997 NSW DUTIES ACT 1997 - SECT 34 Abolition of duty on transfers of marketable securities and...
Only those who have read your leases would know!
What about the FINR movement - Financial Independence Not Retire.
Some like to have FU money and continue working.
Interest could be deductible staight away under current law. (steele case)
Separate names with a comma.