Forum Replies Created
Hello Richard
Thank you very much, It wasn't what I expected or hoped for.
Regards
Hello
Public 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 accountant, finanicial institution or find a financial planner.
But it appears from the info provided a financial planner would be the best option to work out the benefits vs overall costs. Especially to calculate the capital gains costs, stamp duty, the salary packaging etc.
Regards
Hello
Thank 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 benefits loan. To make it more complicated I presently access a rural/remote housing assistance which allows 50% of the Home Loan interest to be salary package (through the public health service).
Regards
