Hi , guys I’m trying to get a better interest rate on my loan , the details are as follows: loan amount is $515k and the property is roughly...
Debt recycling involves paying down an existing loan and reborrowing to buy income producing assets. The interest on the loan is then deductible...
Hey all, Current situation: PPOR loan - 450k Never had offset account Have done redraw on the PPOR loan above for personal expenses like buying a...
We are about to bid at an auction and they will require $20k deposit within three working days. We are in the process of moving all of our loans...
All members of the same family can only have one property as their PPOR for the purposes of Land Tax. See Clause 12 Schedule 1A Land Tax...
Companies receiving dividends are taxed similar to individuals. They can get the benefit of franking credits like individuals. But usually if they...
Offset accounts are savings accounts that are linked to a loan so that any interest on the loan as calculated by the outstanding debt is...
I have a friend whose parents are wanting to gift him and his brother an investment property. Rather than gifting in personal names, their...
Being an executor is a risky job. They can be sued by beneficiaries if they do something wrong, or even if not necessarily wrong, but they cause...
Loan Tip: The Risk of Buying at Auction When buying at auction you are generally locked into a binding contract, if you are the winning bidder,...
Tax Tip 367: Borrowing and Onlending Money to yourself as Trustee and Tax At law a person cannot contract with themselves. This is the case even...
It is rare, but I have seen at least one discretionary trust set up that did not have an appointor position. No one had the power to remove the...
Homer buys some land from Ned who sold it to him as an input taxed supply – no GST. Price was $400,000 Homer spends $800,000 constructing,...
A trust established by deed is known as an ‘express trust’. These include unit trusts, discretionary trusts and superannuation funds. But a trust...
ACT land is leasehold land and the stamp duty on the ‘purchase’ of a property relates to the transfer of a lease. From a tax point of view this...
It is possible to transfer an asset to a trustee without triggering CGT if the trustee holds it on bare trust for the transferor. Relevant...
There is an aspect to asset protection on death to consider when the family situation is complex. This is especially so when the only asset is the...
It is well known that if you hold a property for more than 12 months there is a 50% CGT discount that can apply and this has the effect of...
The beneficial owner doesn’t necessarily need to be the legal owner. The property could be owned by Person A, but the beneficial owner be Person...
This is my 30,000th post so I thought I would tell you a story. I had a client call me the other day asking me to go with him to an ATO audit....
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