Matt,

Your right it is interesting when you speak to the right people.

Have now found out, this is an excellent opportunity, which might need an extra bit of work, but really, I want to get away from the negative gearing persona and create a good portfolio, using my family, this seems definitely the way to go.

Distribution of income, by…[Read more]

Terry,

Sounds like the right sort of approach. I think I will even buy the second place and rent it out via the trust before moving in. Soas not to rasie any alarm bells.

Mel, I am receiving Trust Magic next week in the mail and in regards to HDT, I am of the impression that it is a discretionary type trust. So loss or gain can be directed…[Read more]

Yeh Matt,

Cheers for that… Your right about the confusion.
Stamp Duty Savings are 100% in NSW for property 500K or less.
Just can’t beleive moving over to a investment vehicle would incur a double stamp duty.
Is it because you are transfering. If the property was bought by the vehicle straight from the shelf, would it be different?

Trying to…[Read more]

Hi Terry,

I get what you saying and need to clarify on.

Stampduty costs of Transfer is substantial, but Tax benefits, from interest, furnishings, will mean that I and my partner can be one step ahead.

As I know it and please tell my if I am wrong, as the property becomes +ve geared, the tax profit will be geared to my partner who is on a lower…[Read more]