Forum Replies Created
Terry: Thanks very much. I wouldn't mind to know more info regarding to 4. Spouse lending you money. Would be great if you can point me to some sources of informations.
Shahin: Sorry, what I mean by "100% equity" is that I have fully pay-off the property. (fully owned). Could you explain further as I dont really understand "You need to ensure that the structure of the loans are correct and you set up the loans standalone (i.e don't cross securitise)."? Many thanks in advance.
Dom
yes I do currently own a property, equity is 100%.
Cheers,
Dom
Hi Terry,
Yes this is going to be an investment and would you mind what you mean by "You can structure this so as to save more tax." how should I structure the investment in order to save more tax?
Cheers,
Dom
Thanks a lot for the prompt reply guys.
I was thinking to put minimum initial deposit (the lowest possible amount without triggering mortgage insurance) + IO loan. I will then put some money in the offset account (enough to a stage that the rental income = interest expenses). hopefully the equity continue to accumulate and receive some decent tax benefit from the fixture depreciation. I mean ultimately, I am betting on the CG in the future. PS. I'd transfer my income to my wife's account as she is in a lower tax bracket.
how does this plan sound?
and on the tax side, my parents wont be paying a market rent as they will not have an income in Australia. If that is the case, any recommendation on the tax side of things?
Thanks again and much appreciated.
Dom
