I like the “ if required” !
yes an option agreement might have merit somewhere in there , just need to consider the “fee” in purchasing said option and timeframe. Thanks I...
The 2.5% was just a “foot in the door” , as his prospects improved ( he’s a uni student) the amounts would increase. I’m wanting to also receive...
my apologies. It’s because I would like the income from either the rent or the deploy of capital so received from the incremental “sales”
yes but not necessarily each year. And could not a side legal agreement be put in place recording these increments in unit ownership, such that...
I would have no interest in the unit trust only my son. So are you saying my son would need to create a new unit trust ? He can’t “refresh” or...
2.5% is just a small enough number for him to make a start to ownership and the associated CGT to be of no consequence ( in comparison to a full...
Ok fast forward 5 years, still own the same property but am now retired. Now the youngest son is keen on purchasing it as is in a good location...
Thanks Terry, it would have to be in small increments to offset the imbedded CGT obligations
Yes thanks Terry, I now see that there possibly would be ( pity I didn't buy it via a trust all those years back and it would never be seen as an...
Thanks all, interesting the contrast in replies from yeah at the beginning to nay just now. I think that my wife earning by effort ie her doing...
IP rent ~$15K pa with say $3 - $4 K pa expenses, curious as to why the quantum would matter
Thanks MLTD, the dominant purpose would be to provide her with her own discretionary income and for her to be responsible for the management of...
Excellent! Thanks Ed. if that's the case I might even make it three...
No the whole idea is for me to only charge the peppercorn rent ( which would be declared as income ) there would be no deductions claimed. That's...
- The property is in SA and land tax is by stealth ie Emergency Services Levy - Solely in my name Thanks Scott N M. Passing on the "other costs"...
Anyone know if the ATO accepts the notion of peppercorn rent? I have a rental property in my name that I would like to still own but for various...
Honeydew, Is there someone whom you can totally trust so that you loan them your cash ( do a proper legal agreement) and then you simply arrange...
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