What names is your existing PPOR in?  If in joint names, lower income earner sell half share to higher income earner who borrows $200K, interest on this is tax deductible.  Lower income earner puts $200K down on new PPOR, and you borrow $130K tax deductible.Or form a discretionary trust which buys existing PPOR and you guarantee the trust's b…[Read more]

Best idea you need to spend half an hour or so with a solicitor specialising in conveyancing.  Make sure you take all documentation and correspondence.

Why don't you talk to your bank about putting enough of your spare money down on a term deposit as additional security so that you don't need to pay LMI

The definition seems clear enough:A person is the spouse of another person if they are legally married, or they are living together as a couple in a de facto relationship within the meaning of the Property (Relationships) Act 1984. If the Chief Commissioner is satisfied that, at the time of deciding an application for a first home owner grant, an…[Read more]

Two examples.1.  Taxable income afterr tax deductible losses on property is greater than zero, there is no tax loss to carry forward       eg Income           $20,000             Losses           $19,000            Taxable income $1000 There is no loss to carry forward2.     After deduction of losses there is a tax loss        eg Income $20000   …[Read more]

There are two separate issues:1. What did your searches show when you purchased the property?  When did the Council decide it was going to put a road through there?  If the Council had issued a written statement before the date of Contract then this should have been disclosed in the Contract pursuant to the Conveyancing (Sale of Land) R…[Read more]

ANSTAT would seem from a Google search to be an agency that does various property enquiries that would normally be done in a purchase.  $450 for lawyers is cheap, certificate of currency is for insurance (or at least in NSW it would be) to ensure the body corpotrate has the required insurance policies

Get the agent to provide the rental history for the last 3 years.  These are older units.  My view generally (ie in rural NSW) is that there is a demand for cheaper flats that are well maintained.  My view with Coona is that it is a good solid town – the rural industries are balanced with the national park and observatory.  Generally a safe rai…[Read more]

No and Yes.  Some tenants want a pool.  If they have experience looking after it that's sweet, otherwise negotiate a higher rent to cover the cost of pool service.  Your insurance premium will be slightly higher. 

As the agent has introduced the purchaser during the period of the agreement the agent is entitled to commission even if the sale contract is entered into after the agency agreement expires

Possibly a deemed dividend or a taxable fringe benefit

Do a search of posts by member posting them in this instance search for posts by C2.One of them is this threadhttps://www.propertyinvesting.com/forums/property-investing/general-property/4320150

If the property is rented out when you first buy you can only claim it as a PPOR from when you move in.  Julia Hartman suggested a  strategy that might reduce or eliminate CGT in API last year 

Mal Park is the Australian authority on partial adverse possession.  His doctoral thesis looks at each state  http://www.csdila.unimelb.edu.au/publication/thesis/MMP_PhD_Thesis.pdf of course there may have been changes since he wrote this

boostdef wrote:
We have 1 sibling.

What is the relevance of how many brothers and sisters you and your partner have to your ability to obtain finance? 

Why is a buyer going to purchase your company structure when there will presumably be a potential capital gains tax liability on the properties the company owns when the company sells the properties ie say company purchased properties for $600K and you are selling the co for $800K, also the purchaser won't get benefit of 50% discount on properties…[Read more]

As I said in jest at a party last night "You can always tell someone from Queensland but you can't tell them much"

Have you got a lease with your tenant?  If you have that would be end of story.  Your company title gives you a right to occupy a certain part of the building.  You are receiving money for giving someone the right to use your property.  That is rent according to ordinary concepts.  What you are getting is not a dividend, because a dividend is paid…[Read more]

Read the lease.  Go through it clause by clause with your solicitor.  The lease is your contract as landlord with the tenant and is what counts.

Has the tenant put in writing that they would vacate the house if you had to give vacant possession on settlement?  Would the tenant expect you to contribute to their removal costs?