Tax Tip 552: Debt Recycling with a Related Party Loan It is possible to debt recycle with related party loans just as it is possible with...
Tax Tip 551: Tax Advantages of Not Jointly Owning Shares Is it better to own publicly listed shares in one name or both names for spouses...
Tax Tip 550: The 6 Year Rule while being a Non-Resident for Tax The tax laws regarding the 6 year absence rule, s118-145 ITAA97, and the main...
Tax Tip 549: How to Fix a Mixed Loan where borrowed money is parked in an offset with other money? Imagine this. Homer has a home loan of...
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...
Where a person sets up a company to hold property, and where they have no non-deductible debt, they may wish to lend extra money to the company so...
Tax Tip 545: Increasing and Existing Investment Loans and Tax Issues I was talking to a client recently who wanted to increase and existing...
Tax Tip 543: Lenders Causing Mixed Loans when Refinancing I have seen a few people end up with mixed loans because of the way lenders do things....
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...
From a tax point of view, refinancing a loan means using one or more loans to pay out one or more other loans. It doesn’t necessarily mean...
A way to do it might be to structure the business so that it is owned and operated by a company. The individual could take a small wage to meet...
Legal Tip 433: Beneficial Ownership of Shares – ASIC Records of Beneficial Owner At the moment there is no need to inform ASIC of who a...
Interest only loans generally have a maximum term of 5 years before they will revert back to PI. This generally cannot be extended to another 5...
In general buyer’s agent fees are not deductible. However, it will depend on what the fee charged is for and what the tax position of their...
Tax Tip 537: Applying the 6 Year Rule to Multiple Properties There is a lot of confusion out there with the so called ‘6 year rule’ – which...
A company doesn’t exist until it is registered. However, It is possible for the promoter of a company to cause the company to enter into a...
There is a lot of misinformation out there about using trusts to get ‘unlimited serviceability’. Here is my take as a lawyer, tax adviser and...
A while back, I encountered a client with a mixed loan and he thought it didn’t matter as both uses of the loan were investments. But it did...
Tax Tip 534: Borrowing from Parents and Parking in Offset Account A good strategy to consider is for adult children to borrow money from their...
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....
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