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  • Profile photo of Mumof5Mumof5
    Member
    @mumof5
    Join Date: 2008
    Post Count: 3
    September 15, 2008 - 8:53 pm

    Thanks Terry

    No not a contractor,  Defence which was why we couldn't understand how his friend has apparently halved his income.  

    I was reading somewhere that PPOR status is lost once you move into another home you own?  So does that mean you retain that as your PPOR and not claim PPOR on the new propert?  We are always moving due to job postings so we haven't sold yet.  We are also in DHA rental atm but do plan to build on a block we've bought at our next location.  We might have to sell the other place before we move in?

    Profile photo of Mumof5Mumof5
    Member
    @mumof5
    Join Date: 2008
    Post Count: 3
    September 15, 2008 - 4:27 am

    Thanks it didn't add up to either of us.  We looked into Trusts 10 years ago and hubby was turned off then by the Stamp Duty costs (which are now higher).  CGT for 2 of the properties isn't an issue as they have exemptions.  Hubby also said the only way his income could be halved is he is making huges losses.  Something we don't want.  I'm leaning toward just selling the property anyway and buying shares maybe in a trust.

    Thanks again, we'll see someone when hubby returns from trip.

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