Hello Terry,

Thanks for your detailed reply.
Re your answer above, I just need a bit more clarification:

2. Sorry. I made an error referring to it as a “cash loan”. It should have read as “cash gift”

4. What other legal issues are you referring to?

5. I assume that you are thinking along the lines of the tax on the income from the…[Read more]

Hello Terry,

Thanks for your detailed reply.
Re your answer above, I just need a bit more clarification:

2. Sorry. I made an error referring to it as a “cash loan”.

4. What other legal issues are you referring to?

5. I assume that you are thinking along the lines of the tax on the income from the apartment. Am I correct?

6. “Asset…[Read more]

Hello Jacqui,

Are you saying that if we wait until she passes on through the Pearly Gates, then there are no Capital Gains payable and no Stamp Duties payable on the property?
If payments are required, what is payable?
PS The property was bought for about $550k about 10 years ago

Hello Jacqui,

Are you saying that if we wait until she passes on through the Pearly Gates, then there are no Capital Gains payable and no Stamp Duties payable on the property?
If so, what is the process?
PS The property was bought for about $550k about 10 years ago

Hi Terry,

Thanks for your reply.
1. The property is in Queensland, so it will be under Qld stamp duty rules.
2. The property is worth around $800k. If she gifts me $800k to buy the property, what are the tax implications for the cash loan?
3. There are no social security issues. She is not entitled to the pension or anything.
4. How do I…[Read more]

Hi Terry,

Thanks for your reply.
1. The property is in Queensland, so it will be under Qld stamp duty rules.
2. The property is worth around $800k. If she gifts me $800k to buy the property, what are the tax implications for the cash loan?
3. There are no social security issues. She is not entitled to the pension or anything.
4. How do I…[Read more]

I was recommended to this course last year and went to his training last year.  The Luke Gilford Workshop was NOT worth the money.   It was a huge waste of money. <moderator: delete personal comments>His website, GreedIsGood.com is a reflection of his methods.