Yes merely registering a mortgage without it relating to a proper commercial transaction doesn’t give any asset protection, other than a smoke and mirrors approach. Someone glancing at a certificate of title may see a mortgage and just give up there and then – believe it or not this stops many.

But if there is any challange it can be easily…[Read more]

Before I answer
What exactly are you referring to?

You can’t gift equity in a property – the gift will fail unless the gift is delivered.

To register a mortgage is easy, just enter into a loan agreement incorporating a mortgage and fill in the real property act forms that go with it and lodge with the land titles office. This will then be a legal mortgage, as opposed to a equitable mortgage. BUt…[Read more]

You get my approval!

Amazing the amount of young people with new cars too

try Paul at Price Financial
http://www.pricefinancial.com.au/

Corey, i didn’t know you were licenced in tax?

I have covered the sale to a trust in this thread with 2 or 3 variations:
https://www.propertyinvesting.com/topic/5037824-13-strategies-for-when-you-move-out-of-the-ppor-and-want-to-keep-it/

Listed is a link to a private binding ruling that I obtained for a client. You can click on that link and read how the strategy works and the ATO’s response…[Read more]

You can still sell your share of the property to your partner or they can sell their share to you. If the property is in VIC you still have 6 hours or so to do this without stamp duty too!.

Am I able to top up loan on my future IP (which will have lower debt) and then use this extra money to reduce my high debt on my PPOR?

Yes you are. But the…[Read more]

Are you speaking to the broker about SMSFs? If so they need to hold an AFSL or be an authorised rep.

You are probably right about the commissions on the properties. Have they disclosed how much they receive?

BTW PPOR = Principal Place of Residence

It is now referred to as the Main Residence in the new tax legislation.

There is nothing you can do in one hit to change deductibility as it stands.

However there are several strategies which I designed for clients. Some are potentially costly which could result in quicker deductions while others are cheap to implement but will have slow effect.

Here is a copy of a recent…[Read more]

What do you mean by ‘making the switch’? A property will qualify as a main residence once you move in, no switching necessary.

Restructuring the loan could not increase your deductible debt because it is the use of borrowed funds that determines deductibility not security.

There are many strategies which you could possibly implement depending on…[Read more]

Not sure what you are asking, but the $47 only applies to the company acting as trustee of the SMSF. The annual fee for the custodian trustee company would be the normal one as it is not a Special Purpose Company.

BTW there is no law that you must set up a brand new company to act as custodian trustee.

What are you speaking to them about?

First make sure they have licenced to give financial advice if they are talking about super or suggesting you start a SMSF.

Interest won’t be deductible if you are borrowing for a holiday.

One person can only buy so many properties!

Get some advice on structuring the trust as there could be some issues with it being controlled from overseas. legal and tax consequences.

Here is an article that I wrote a while back:

11 Strategies for when you move out of the PPOR and keep it

There are several things that can be done to improve the tax situation of moving out of the main residence and into a new main residence while keeping the old main residence and renting it out. Often there will be large amounts of equity in…[Read more]