Tax Tip 548: Tax Issues with Kicking off Company Operating a Business If you are starting up a business through a company the company will need...
Loan Tip: Related Party Transfers and Bank Loans Transferring title to a related party will usually require new loans to be obtained by the new...
Usually, home loan lenders will only lend on the lesser of the purchase price or contract price of the property that will secure the loan....
I have written several tips on spouses selling or transferring property to each other and here is a list of those tips, hopefully in date order:...
I have been collecting private rulings, ATO IDs and any other ATO publication that covers the topic of deductibility of interest when one spouse...
Legal Tip 417: Can a Person Lend a Related Entity Money at 2 different Interest Rates? Sure, a person can lend money to some at different at...
Many people want to help out relatives and do this by transferring existing properties to them for under market value. This might be a noble...
Most people would assume that there is no point in debt recycling an investment loan where the interest is already deductible. But it could be a...
Just because you are married, or in a defacto relationship, doesn’t mean you cannot contract with your spouse. You can, but there is a general...
I will use this thread to record cases that relate to asset protection. I will add new cases as they appear and sometimes add in old cases when I...
This is a different strategy to a recent one which involved borrowing money from parents and parking in an offset account to save non-deductible...
When borrowing from a related company the repayments back to the company will need to be high to meet the division 7A requirements. Unsecured...
People often borrow money to acquire property or shares. When borrowing to buy property they may borrow the deposit from a related entity and the...
It is easy to distinguish loans with lenders such as banks as they have account numbers. But what would happen if there was a private lender who...
Just running an idea past the guru’s here . I think it’s probably not kosher but thought I’d ask . I know a super fund can’t buy a residential...
Legal Tip 341: Pretend loans, Mortgages and Asset Protection One legitimate asset protection strategy is to give away someone and then borrow it...
Loan Tip: Strategy for Borrowing with Nil Borrowing Capacity When you can’t borrow you can’t borrow! But you might be able to lend… This post...
It is not as simple as just adding a name to a property when transferring between family members. For the interest on the loan to be deductible...
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...
Many families have related party leases - Trading Company and Asset Trust - Trading company and SMSF - Mum/Dad and adult kids...
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