Nope, this is a legal issue. Can only be done by a lawyer.

It may be better to just consider a trust for future purchases. Also a lot more to consider other than income tax. If land is in NSW then maybe the land tax will be more than you would save in income tax each year.

1. Define 'best'!

This will depend on your situation, the family situation, the existing business set up, land tax, stamp duty, long term intentions and asset protection requirements. And day of the week.

2. Yes. you could borrow 105% or more for each deal. But htis will depend on existing properties. Generally you can borrow up to 90 to 95% of the value of the property.

3. I could possibly assist depending on a few things….

Perhaps a buyers agent?

Work out a strategy with an approximate area and then employ a buyers agent to source for you.

I was not aware that he went bankrupt, but thought a company he was involved in went under.

I think his books are good. especially rich dad and the cashflow quadrant. Simple easy to understand way of explaining things.

There is nothing wrong with that way. People just have different ways of doing things.

One point to consider is if you are going to buy an IP what about super?

1. Get one in a SMSF to it will be tax free income and capital gains once you retire, or

2. Get one in a unit trust structure now and when you do retire you can transfer the units to a SMSF and from there the income could be tax free and CGT free house if later sold.

This wouldn't be possible (ie transferring to smsf) if you purchased in your own names, unless it was commercial property

Consider this:
1. What if the child were to later get divorced
or
2. What if the child were to go bankrupt?

3. child died – would pass via child’s will or intestacy laws

If the parent kept the property but let the child use it as their own it may work out much better. The parent could leave the property to the child in the will.

But, what if the parent
1. Went bankrupt
2. divorced/separated
3. had their will challenged.

Sounds simple but many things to think about.

Transfer to a related party?

It is usually the date of the contract that counts and not the date of the transfer. If related party there may be no contract – but there could be.

You will need a valuation for stamp duty purpose if related party. Council rates valuation probably won't do as only covers land I think.

You can gift it to your wife – your share.

But, you should seriously consider some asset protection strategies when this happens. There are a few strategies which could be implemented cheaply and with potential tax benefits too.

Much better now. Hasn't given me an 'unresponsive script' warning yet. I think it was the badgeville links that was causing this.

Increasing existing loan to buy the new house won't mean increased deductions as it is private borrowings.

Is the house located in VIC? If so you could possibly sell to your spouse or sell your share to your spouse who could borrow to purchase. Cash released goes into the new home and interest on the loan is deductible. No Stamp duty in VIC and possibly no CGT if it was the former main residence.

You need to do the calculations, get legal advice and tax advice and redo the loans. Would be relatively cheap.