and i beleive ATO is tracking down on low-doc applicants for more audits.

actually you can choose from the two methods for whichever is more favorable:

the indexing one (with CPIs) – however note index frozen at certain year (cant remember which year, ask an accountant to do the cals)

or the 50% discount method.

It is hard to say which way is better without a calc.

You probably wont see this post..

but which state is your friend in? In some states, such as NSW, transfer title between spouses is stamp duty free.

Non deductible
will be add to the cost base of your property and used to calculate your capital gain once you sell the property.

If you are in the business of buying and selling properties, you might be able to treat properties as trading stock, and hence capital gain tax is ignored, as a result, the buyer agent fee, together with other non-deductible fees such as conveyance, stamp duty etc will be deductible.

That’s my understanding, however you probably need an…[Read more]