1) If the properties are postively geared better in partners name assuming not long term hold when partner may be in a higher tax bracket than you. Negatively geared may still be better in partners name if make good gains depends what bracket partner in when sell and whether half the gain exceeds negative gearing during period held. In…[Read more]

I am on Bribie Island Road and at Cotton Tree Maroochydore. If you send your e-mail address to julia@bantacs.com.au I will put you on our twice monthly newsletter mailing list. So that you can regularly receive articles such as this:

Rental Property Repairs or Improvements?

Newsflash 60
Repairs and Maintenance, not improvements are deductible.…[Read more]

If you send your e-mail address to julia@bantacs.com.au I will send you a booklet I wrote for people overseas. The following is just one of the articles out of it:

Becoming a Non Resident of Australia for Tax Purposes
IT 2650 examines the relevant factors in depth. Generally if a person leaves Australia for more than two years and sets up a…[Read more]

Yes Me,

Send your e-mail address to julia@bantacs.com.au and I will send you some booklets I have written so you can see for yourself

Julia

Yes Me

I am based on Bribie Island Road and also at Maroochydore. If you send your e-mail address to julia@bantacs.com.au I will send you some reading on Rental Properties and CGT and put you on our fortnightly e-mail newsletter list. These items will speak for themselves.

Julia

Shushar:

TD16 The CGT clock does not start until you exercise an option so it does not matter that you entered into the option while owning your house. I have assumed you didn’t exercise the option until the unit was completed.

Section 118-135 requires you to move in as soon as practical after owning it or the CGT clock will start.

TD51 The…[Read more]

A self managed super fund is only taxed at 15% but can’t borrow money.

Otherwise consider a discretionary trust so you can choose each year who in your family gets the profits or capital gains. This is no good for negatively geared properties as the losses stay in the trust to be offset against other trust income. They cannot be offset against…[Read more]