Total Members: 159,186

harrycat

  • hellowe are tossing around a few ideas at the moment as we have currently one more property than we want! bought a new PPoR with intention to sell current PPoR, however, the market is rather slow and we not been able to sell old PPoR.  Settlement for the new one is next week which means we'll have 2 PPoR.  what's the requirement for nominating wh…[Read more]

  • harrycat replied to the topic Turning a PPoR by selling to a Trust in the forum Legal & Accounting 16 years, 7 months ago

    hello terrywe are self employed with a family trust (via a company structure) which disperses income to us and family members which gives the asset protection required, also enables us to split income as necessary.   if I understnad the way things work, we will borrow the full amount in our name to buy the units in the trust, the interst will be f…[Read more]

  • harrycat replied to the topic Turning a PPoR by selling to a Trust in the forum Legal & Accounting 16 years, 7 months ago

    thank you very much for your comments.the house was purchased post 1985 so sadly no CGT exemptions…we have been advised that a unit trust would be out best option as opposed to a discretionery trust.  off to see the accountant next week.thanks again for your comments.cheersharrycat

harrycat

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