I am sure there is a @Terry_w post somewhere but.... where a resi prop is held by a single owner, and the owner wishes to change to a joint...
To be able to claim the interest on a loan the taxpayer needs to a) Incur the interest, and b) Receive income (or expect to) connected to...
Hi! Not entirely sure how to describe this situation. So i have an IO under joint ownership with my husband. Now, I want to buy an IO solely on...
Imagine there is a private company being set up with 120 shares. There are to be 2 shareholders who are spouses. They can do any or a combination...
Hi All Just wondering if anyone had any insight into the following situation. 2 couples want to buy a property with an existing dwelling on it....
There are 2 different ways to structure the ownership of an asset jointly. Under s 128-50 ITAA97 if a joint tenant dies the surviving joint...
Since each owner of a property has a separate CGT interest in the property the main residence exemption will only apply to each individual owner...
The main residence CGT exemption only applies to a taxpayer that lives in their property, or is absence after living there. Where there are joint...
Story: I currently live with my parents, my brother moved out to his new home this year. My parents house deed is under my brothers name only (as...
When a person leaves a gift to 2 of more people under a will, unless specified otherwise the gift is to then as joint tenants – generally. To...
In QLD each co-owner of land is taken to own part of the loan in proportion to their interest in the land – for land tax purposes. This means if...
Each owner of a property is considered to have a separate interest in the property for CGT purposes – generally. Each interest is treated...
When two or more people buy property together, they must decide which way they will jointly own the property. The two ways are either: a) As...
Under NSW land tax law joint owners of land are taxed as if a single owner but if one of the owners pays the land tax they can recover the share...
A new Code of Banking Practice is coming out on 1 July 2019. The Code is a voluntary rule book for the banks-It is not legislation. From the...
Hi Thinking of entering a property share agreement with parents, where I will not be contributing towards the repayments as I will be living on my...
Hi, Just wondering how anyone else has gone about buying a house 50/50 with another party and then one of the parties lives in it. My example is...
Hi PC, Wondering if a company could purchase a vacant land. Having 3 directors. Are there any lenders that take half debt into there calculations...
Was speaking to my lawyer the other day on an estate issue, and the question of the pros and cons of joint v tenants in common came up. A couple...
I'm interested in purchasing a vacation property on the Sunshine Coast. This is a lifestyle investment and I intend to only use it for 6 months of...
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