Hi Derek,thank you – much appreciated.

Hi Terryw & Dan42,thank you for that.Still learning – but it's making more sense now.

Hi,no – neither – no boxing for me (Jack Dempsey)!  I've never used an investment forum before & didn't know the username would come up as 'Your name'- most of the sites I have used always have the username as my uni e-mail, generally when you try and register a common name it's normally been taken long ago – and Bob1 sounds better than c…[Read more]

sorry – I mean when the income from the sale flows to the individual, if the entire amount goes to one person (yourself or spouse) don't they get the 50% CGT discount?Thanks.

Hi,hope you don't mind me joining the conversation, please correct me if I'm wrong, but don't you get the 50%CGT discount in the company as a trustee scenario if you channel the profits to an individual – such as yourself / spouse?Thanks.

Hi Nathan,Much appreciated.Thank you.J

Thanks Terry.Much appreciated.I will have to check it all out before I go ahead and purachase an IP !It's quite involved – certainly not as simple as it seems.Thanks again.

Re. offset account – no, not borrow to place money into the offset, use current savings.After my research here I think it would be good to see him again and work through it as I think the LOC for deposits and then separate loans for IPs is a better setup – with offset accounts attached to each do you think?Terry – previously you wrote:If you have…[Read more]

We didn't get that far, we've only seen him once.He suggested LOC with an offset account so that we can reduce the payment amount should my wage drop (I'm contemplating doing part-time study later), and as I am the only wage earner at this point in time, he said getting the LOC on the PPOR would be the easiest way to get the loan.However, I don't…[Read more]

Thanks Terry,yes, certainly not the PPOR – his reasoning was that if something happens the bank will come after your money anyway – no matter how the loan is set up –  sounds like the easy option but not good for further investing.Thanks.

Thanks for the link.In light of this, I was contemplating purchasing first IP in personal name – not joint – for tax purposes as my income is taxable, taking the LOC on PPOR for the deposit, IO on IP with offset account on both LOC & IO.Then, for the second and subsequent IPs, putting in joint names as second income will increase in years to come,…[Read more]

Thanks Richard.Much appreciated.

Shape wrote:
Also side note- Most of Nathan's purchases are under his personal name. Personal choice. Terry has already listed the benefits of a trust…and no it does not mean you can borrow more… Regards Michael

Thank you everyone for your help.Michael, whereabouts can I find this list please?Thank you.

Hi Catalyst,thank you for that.Also, I have read somewhere (so much info. out there) that it is a good idea not to use cash for a deposit, but instead to use a deposit bond, as it costs much less for this than paying the interest on the deposit.Is this the case please?Thank you.J