My father in law wants to build duplex on his main property and gift it to his three daughters. Rather than a 33% split between the three, The...
Hi, everyone I am going to get gift for my kids from their grandparents who leaves overseas. My children are Australian citizen under age of 16...
Taxpayers sometimes receive gifts or loans from relatives overseas that are used in their business activities or for personal reasons.. In these...
I'm curious to see if anyone does this. We now have 2 IP's, both rented, and are looking for more IPs to add to the portfolio. We have been...
Hi there I was seeking some insight into how I could protect my family's assets against any future relationship breakdown. Situation is that one...
Hi all, So I've recently signed a contract to buy a first home. I've got the 20% deposit and recently my parents told me that they are happy to...
G’day, Im in my 50s have PPOR fully paid, minus 200,000 line of credit, which I used for growth shares a few years ago. Some of those shares...
Litigation can be used as a strategy by related parties as a way to improve asset protection, and even tax outcomes. Related entities can sue each...
A promissory note is like an IOU or cheque, it is basically a promise by someone to pay someone else money. It is not a loan as that is where...
From time to time we encounter clients who make a donation in a tax period when they have a tax loss. The deduction is lost and unavailable. Tax...
There are 4 different ways that a spouse, or anyone for that matter, can be added to the title of a property. a) Gift – no consideration...
Tax advisers often encounter clients who claim to have gifted to a trust. Sometimes this can be a concern eg Company A or person A has...
Get some legal advice before trying this. Some people want to help their elderly parent(s) purchase property. This might be the parents moving...
For the tax gurus here I have a rather simple question. I have got a friend looking to purchase their PPOR in Sydney and they have got a large...
In the last edition of API magazine there was a feature about rewarding good tenants with gifts or rent-free periods over Christmas. While I see...
Hi All, I haven't seen this discussed specifically so I'd thought I'd join and possible add something of value - as a long time lurker! The...
The Gift and Borrow Back Strategy and Tax The gift and borrow back strategy is often used as an asset protection strategy. I have written about...
Properly Documenting Gifts It is very important to properly document any substantial gifts made. This needs to be done to avoid disputes over...
What is a gift from a taxation point of view? It is important to distinguish a gift from income. This is because there are no taxes on gifts, but...
The gift and borrow back strategy, Part 1 There is an asset protection strategy which involves giving something away and then borrowing it back...
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