Total Members: 159,081

avantilaw

  • avantilaw replied to the topic SMSF Borrowing to invest in Property in the forum Legal & Accounting 17 years, 11 months ago

    If you have any issue regarding SMSF check with your auditor..in the end the auditor has to approve the transaction

    In some cases it is a matter of accumulating sufficient capital in the SF so that it has sufficient funds to invest in it own right.

    A “commercial ” arms length property trust with the same exposure to the relevant property market…[Read more]

  • avantilaw replied to the topic Advice Needed – Next move in the forum Help Needed! 17 years, 11 months ago

    My question:
    * Is there a way to live in a tax deductible home?…..I have read a little on trust structures, can a trust purchase the home and can we then rent the property from the trust?

    The answer according to the ATO is no. Part IVA “dominant purpose test” could be applied. Read tax rulings for their application but also for ATO culture…[Read more]

  • avantilaw replied to the topic Hybid Trusts in the forum Legal & Accounting 17 years, 11 months ago

    as a lawyer we often change the name of the purchaser even after contract is signed.

    you need to novate the contract (i.e terminate the original and then sign a new one). can be done with agreement of seller

    avanti lawyers

  • avantilaw replied to the topic Hybid Trusts in the forum Legal & Accounting 17 years, 11 months ago

    as a lawyer we often change the name of the purchaser even after contract is signed.

    you need to novate the contract (i.e terminate the original and then sign a new one). can be done with agreement of seller

    avanti lawyersjavascript:insertsmilie(‘[suave2]’)
    Cool [suave2]

avantilaw

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