Sorry which state do you live in? I don't know the full circumstances of the situation but taking 3 months to evict sounds very long time. In NSW an application for termination should be submitted to the Tribunal immediately when the tenant fell 15 days into arrears to protect your legal and financial interests. The process to eviction might take…[Read more]

Hey Terrw is right with regards to setting up a trust and assessable income. If you purchased an investment property in your name you might be able to set up a discretionary trust for the rental income it generates as a way to reduce your tax. Any thought Terryw? Cheers