Hi

i do not know the answers to your questions but do you think it is a wise move moving your residence into the trust ?

doing so you will give up your right to no CGT, if you ever wish to sell that place. if you do not put it in the trust you do not have to pay cgt when you sell. as it is your principle place of residence PPOR.

maybe others…[Read more]

also they will not do loans with trusts.

which is a bit of a bummer when i guess most people on here would like to buy multiple properties and trusts are the best way to go for this situation.

hey redwing

there are even sneakier ways of doing it as well.

i did not want to put it all in the one message as it could confuse some people.

what you can do as well is transfer money out of say you cba cr card for a couple of days to a savings account get a statement from the cba showing you with the money taken out of you account fax that to…[Read more]

Hi yack

1.) yes i do pay it off, but do it over a couple of days so they do not pick up on what iam doing. I also make it odd amounts so it looks more realistic like i have money coming in.

2.) No, i am using the same credit card. all i am doing is transferring the outstanding balance from one card to another. and by me bringing the balance…[Read more]

Hey guys

if you want to know away to earn double points for everything you spend on a credit card. ill let you know what i have been doing.

So far i have had free trips to New zealand, melbourne, adelaide and thailand.

I have two credit cards a CBA Gold card and a Citibank gold card. I work my cba one to the max lets say the amount $10,000. so…[Read more]

Hi everyone

Uranehan’s question has actually happened to me.

I bought a property 50/50 with my mother when i was 18, about 9 years ago in 1995. but i was not intitled to the grant because my mother had allready owned property. we have never lived in this property it has been purely an investment property. i bought my mother out of her share last…[Read more]

why would the nz government give you a credit for a tax paid in oz, ie for capital gains tax, when they do not charge it in nz.

quote:

quote:you say nz has no capital gains tax !

will the aussie government tax you when you bring the money back into the country thoe ? ie will they tax you as money earnt overseas ?

the short answer is yes,…

[Read more]

quote:
Hi

everyone, thanks for the info.

I did a little bit of research myself aswell. I guess google is a great thing. anyway i know i posted the question but if anyone wants to know what i found out for there own knowledge i will add a link below. The page outlines when the tax takes into effect etc, rates that will be charged blah blah…

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thanks for the help,

although i am still a bit confused.

My parents have been living in there residence for approx 5 years. from what i read earlier on in another forum on this site. you are meant to pay land tax annually.

My parents property is worth approx $600,000 but they have not had to pay land tax at all since living here.

I also own a…[Read more]

thanks for the help,

although i am still a bit confused.

My parents have been living in there residence for approx 5 years. from what i read earlier on in another forum on this site. you are meant to pay land tax annually.

My parents property is worth approx $600,000 but they have not had to pay land tax at all since living here.

I also own a…[Read more]

Thanks for that julian

i will let you know if i do not go ahead with it.

cheers and all the best

hey wildy

where did you see the majority of them, i dont expect you to tell me the location but the area or region wouldnt be bad.

cheers

quote:
[] Hi All
I recieved Steves book on Xmas day and Im only on page 92, I was in Canberra from the Sunshine Coast on our HOLS We drove back up and I found Several properties in regional places there that…

[Read more]

thanks for that mel, thats great.

but like mel said if anyone else with commercial holdings can give me more specific info that would be great.

cheers, thanks again mel

Hi si

you say nz has no capital gains tax !

will the aussie government tax you when you bring the money back into the country thoe ? ie will they tax you as money earnt overseas ?

cheers

thanks for the help

quote:
Hi Lynchy,
I’ve been keeping a close watch on the NZ property market for the last couple of years and it offers some prime…

[Read more]

quote:
Hi Lynchy,
I’ve been keeping a close watch on the NZ property market for the last couple of years and it offers some prime investing. Key areas are Auckland, Queenstown and other tourist hotspots such as Nelson and Wanaka. Auckland has large population growth so capital gains are excellent and NZ has no capital gains tax to boot! The…

[Read more]

Hi ryanmel

is there a specific period of time you need to live in your property before you rent it out so you can use the 6 year rule.

for eg i buy a house live in it for 6 months move out and want to use the 6 year rule to avoid capital gains tax. ie i sell it 4 years after i moved out.

cheers

quote:
Hi ryanmel

First question is whether or…

[Read more]