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Thanks Richard. I was afraid someone would say that. I am also in the process of wanting to protect the asset and have considered selling the asset to a new discretionary trust based on an LVR of 75%. This should leave to property slightly short of positively geared. I am on the Sunshine Coast and was wondering if you can recommend a reasonable accountant up that way for property investment activities?
Did you find a good accountant. I am also looking for one on the Coast.
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