In QLD would depend on the council area you are in.

I like the trust deeds I have seen where a "professional" has set them up where the sole beneficiary is also the only trustee.  If I could have that sort of relationship with myself I wouldn't leave the house.

Anything inside 10km is moving well, anything inside 5km even better.  Price and target market for your tenants will be a deciding factor.

Different for different situations and also different states have different land tax considerations.

I am a big believer in discretionary trusts with corporate trustees for investment properties in QLD .

BUT you can't negatively gear wages and salary against losses in the trust.

Some basics

50% CGT discount for trusts not…[Read more]

The first proceedings in Court between Council and property owners have now resolved on this matter so I now feel comfortable commenting.

I can confirm that I acted as the Lawyer for many clients in appeals against Enforcement Notices issued by the Council for non-compliance with the House Code (renting of secondary dwellings to a separate…[Read more]

Brian
Without minimum ceiling height being achieved you are not going to comply with the Building Code of Australia.  You can have lower projections into the height in places, eg where beams/ bearers are.  Is it possible that you raise the ceiling height by putting the sheeting directly onto the floor joists above and then boxing around the…[Read more]

State based systems are different.  Need state and also more info

Under the new City Plan 2014 you can divide in LMR areas down to as low as 180m2 in the right location.

Have a look at http://www.brisbanecityplan2012.com.au 

Conveyancing is the biggest area of claims in terms of both quantum and quantity on solicitor's professional indemnity.  

You may be able to get a material change of use to a multiple dwelling – hostel.   But you would need to be on LMR or higher land and I am guessing you are on a low density lot.

You would need to get a material change of use for short stay accommodation to make it legal.

Happy to have a look free of charge and see whether I can help.

In QLD the land tax threshold for each and every Trust is $350,000.  So they do not add to either your individual threshold or the thresholds of your other trusts.  This can provide a significant saving in QLD.

However, in NSW a family trust has no threshold, but a fixed unit trust does.

Discretionary trusts provide separation and your interest…[Read more]

2nd that for Richard Taylor.

Great bloke and nows his stuff.

My CQ office is based in Rockhampton and most of our work is in Mackay at present.  I like Rockhampton as a central feeder area for the greater surrounds, but the market has been up and down there.  

There has been a lot of NRAS 4x2x2 stuff done out Gracemere way over the last year or 2.

Hi Charlie

If you are happy to PM me the address I will have a look and answer back through the forum minus and identifying info.

You are effectively selling that person's interest in the property to the other one.  Even if gifted stamp duty and CGT may apply.

Qld is Council by Council

Sunshine Coast Regional Council

http://www.sunshinecoast.qld.gov.au/sitePage.cfm?code=current-schemes-menu

regards

Hi

Cheers Jamie

At the moment Dual Occupancy is not really a reality in Brisbane.  Under the new City Plan it will be, or at least that is what the draft says now.  If you are happy to PM me the address then I will respond through here sans identifying info so others can see.

regards