pksmith replied to the topic Utilising equity in an investment property to assist a home purchase in the forum Legal & Accounting 16 years, 4 months ago
Hello RichardThank you very much, It wasn't what I expected or hoped for.Regards
pksmith replied to the topic Utilising equity in an investment property to assist a home purchase in the forum Hello
Public liability is 16 years, 4 months agoHelloPublic liability is not an issue for me.The IP we have had for approx 10 years and plan to keep for at least until retirement which is at least 16years away (60).The new property would also be included under the remote housing allowance (salary packaging).The information you provided has definetely helped. I was unsure who to go to, our…[Read more]
pksmith replied to the topic Utilising equity in an investment property to assist a home purchase in the forum Legal & Accounting 16 years, 4 months ago
HelloThank you very much for your advice.The IP is in both our names and one of the other thoughts I had was to sell my half to my wife and utilise the funds. Realising there would be costs such as capital gains, hadn't consider stamp duty.As you would be aware I would like to increase the loan which has tax benefits and decrease the non tax…[Read more]