Good topic. What are the tax implications of such an arrangement? CGT, income tax etc… The SMSF would obviously be able to claim deductions? But, what about Mr Markie's rental expense, is that deductible also?

There are standard form leases out there issued by each states' law institute.For example in Victoria: https://www.elawpublishing.com.au/samples/107.pdf(the site has sample commercial leases for all states)It appears this all occurred a month ago. What's the update on your project? I've seen consulting practices which operate on a shared…[Read more]

So you have some property in Cochin?

Checkmate. Good thinking with the special conditions! Goes to show how important it is for buyers (and/or their representative) to read and negotiate the terms of the contract before signing.So what's happening with the returned deposit? looking for other IP?

Sounds like something horrible to be experiencing. So much uncertainty and stress!Which state are you from? Can't say much with regard to your rights as the relationship is contractual (obviously). So you need to have a look at the contract to see what each party's respective rights are in relation to the delay of settlement. What I mention below…[Read more]