Forum Replies Created
Hi Jamie
Apologies for the late reply
To answer your question YES the purchases would be local
Cheers
Thanks Terry
Thanks Richard
Im seeing accountant end of the week…will discuss the options Spousal/Trusts.
At the moment Im thinking getting a LOC set up (to help with deposit etc) and then a separate loan (offset)for the new property…seems like the preferred method Ive seen many others use here.
Im debating forgoing looking for a step up property and rather look at a couple of investment units.
Either way Im no hurry…and Im not going to sell this home …one way or another we will keep it as equity….hoping the market comes alive in a year or 2.
Hi Terry
my head is easily spinning at the permutations..I did not get your figures..my lack of understanding Im sureIm also thinking out aloud to spousal regear for 550K and then rent the current owned PPOR…but this triggers CGT event I guess..and stampduty ..Im assuming the ACT is not into free spousal transfer ?
I think I need some good accountants advice..anyone recommend in the ACT
cheersThx again Jamie
Hi Richard
The properties are in the ACT
Thanks Jamie
hmmm yeah I guess we are stuck with not being able to claim…..I will have to have a chat to someone local about spousal and trusts costs…
Perhaps we could/should buy the new PPOR rather as a investment property (rent it for 12 months minimum) and then reevaluate the market (which seems to be toward the buyers right now)..perhaps the market picks up and we sell the our main PPOR and move into the new PPOR once the lease is expired.
I guess this way we could claim on the loan…oh but what about CGT if we did this…?
TIA
