http://www.fjmtax.com/tax-newsletter/4393-smsf-trustee-gets-14-days-jail-for-breach-of-rules-says-tax-office-57.html

http://www.gthgroup.com.au/files/docs/gth%20publications/common%20mistakes%20when%20running%20a%20smsf.pdf

http://www.afr.com/it-pro/how-to-avoid-tough-new-smsf-penalties-20130120-k0n0i

http://www.topdocs.com.au/files/technical_article/Understanding_SIS_Concepts.pdf

http://www.fsadvice.com.au/media/library/FS_Advice/FS_SMSF_Advice/FS_Advice_New_…[Read more]

Administrative penalty $10200, civil penalty potential $340000.

Why separate the property from the other assets of the SMSF? You’re paying cash and the other assets in the fund shouldn’t be risky enough to jeopardise the property

and whose name is the electricty in, one of you has a partner and things go bad, her lawyers find out you’reliving in a property owned by your SMSF

buy an investment that makes sense as an investment and rent to live where you want to live

http://www.13wentworthselbornechambers.com.au/wp-content/uploads/2015/01/partitioninglandaugust2010.pdf

this suggests otherwise see from page 6

Not if property is residential.

Sounds like your friend might be detailing queensland. The form s not effective until it is handed to the land titles office with the title deed

I would think if you are not using any other property as security that the bank vsluation would be sufficient unless you are not borrowing a high percentage of the purchase price. I think in the past some people who borrowed using two properties as security were trapped because the value of the property they were buying was less than the purchase…[Read more]

Who owns the driveway? what are the terms and conditions of the easement? Did you give notice to the energy company before building the fence? Dud you comply with the Dividing Fences Act?

Sorry Andrew, many people think you value the
property when you move into it after it has been an IP. however, under Section 118-185, the capital gain that is assessable is your capital gain multiplied by the number of days it wasn’t your main residence divided by the number of days that you own it

Check your Council planning instrument.  You might have 6 separate titles, but if Council has a minimum area to build on say in a rural area you might only be able to get one house on of even none.  I know there was some uproar in the Port Macquarie area 12 months ago as its Local Environment Plan had a time limit on when people could build on…[Read more]

A trust cannot distribute losses.  If the trust makes a loss then that loss stays in the trust until the income from the trust covers it in future years.  

If your trust is a unit trust and you have borrowed money to buy the units even if that borrowing is secured by property owned by the trust (this is different to the trust borrowing to buy the…[Read more]

Great idea to give your own testimonial on your website.!

How would this be a going concern, the most you have done is sold a property which has an approved da. http://www.ato.gov.au/Business/GST/When-to-charge-GST-(and-when-not-to)/GST-free-sales/Sale-of-a-business-as-a-going-concern/

It helps in these forums if you let us know which State the property is in.  Laws relating to property titles are state laws not national laws.  Assuming you are in Queensland sections 184-186 Property Law act give the overall view.  The end result is probably going to partly depend on what kind of encroachment it is eg a fence is easier to move…[Read more]

First, why do you need the property to be out of your names.  Bear in mind that courts can look behind transactions if there is an attempt to beat creditors etc. 

Creonline.com is an American site that might have a forum that could help you

i think HOA would be home owners association.  if this is so the original poster is probably innorth america and should bear in mind that the other posters are commentingfrom an australian perspective

I looked into something like this many years ago and what my client wanted to do would have been caught under the legislation.  Instead of 500 investors maybe you need 20.  Australian Property Investment magazine has had a couple of articles on syndicates -August 2005 or thereabouts I think was one article