shumai replied to the topic New family home, old family home as IP in the forum Help Needed! 13 years ago
Terryw wrote:
Yes, if you are in VIC there are a lot of things you can do in transferring without stamp duty. In most other states it is more restricted. Your partner may also be able to borrow to buy your share and the money he pays you could be used to pay down the loan on your new home. He would be buying an investment property so the…[Read more]shumai replied to the topic New family home, old family home as IP in the forum Help Needed! 13 years ago
Terryw wrote:
Here are my answers.1. Heaps of issues here such as: – Land Tax – Loss of CGT exemption (but the original place could still get this) – Tax issues – would ATO see it as a scheme to save tax and deny it? – little asset protection, especially in the early years. – stamp duty – re apply for loans and exiting existing loans…[Read more]