They would look at the building works and the fixtures and fittings. There will be a value to all existing things such as stoves, hotwater systems etc and this may produce tax savings more than the cost of the report.

Some will tell you upfront if they think it is worth it. try BMT or Depreciator.

Sounds like you need to get some serious legal advice. But in the mean time look at unit trusts and companies.

With commercial the risks with tenants are higher than with residential so you would want to more carefully consider asset protection. Paying cash can be done, but would be more risky. A way to improve asset protection could be to pay cash indiretly by having a sepapate entity own the property to the entity that owns that cash – with a private loan agreement.

The owner would generally be a company – whether in its own right or as a trustee. Which one you use will depend on the situation inncluding the land tax issues for the state.

The next property after that should probably be a separate entity for various reasons including asset protection, land tax, etc

If you are going to have people buying in later you need to consider the stamp duty laws including landholder provisions.

You also need to consider the borrowing implications with banks – how to maximise borrowings and issues if transferring shares or units of a trust.

Zen again the answer is no. These expenses do not relate to the production of current income

Do you need an acccountant or a tax adviser (many confuse the two).

Try Darryl who posts on here as RPI.

Property settlement costs – depends what you mean – capital costs likely
Bank loan costs, = borrowing costs deductible over 5 years (or life of loan if shorter)
Conveyancer costs, = capital cost
Buyers advocate fees…. = Capital costs

capital costs are not deductible, but they can be used to reduce CGT when selling

You need specific legal advice on this.

You are a probably a non-resident for tax purposes. A company must have at least 1 resident director.
A foreign controlled trust may be taxed differently too.
And some states will impose more land tax.

thats it Benny

I lent my one to a client year’s ago and he lost it so I only recently bought another one from ebay!

Benny, I have that book.
It is called “own your Home year’s sooner without making extra repayments” by Gill and Therry

It is the best book that I have ever read on learning about the compounding of interest.

BUT the method described involves using LOCs and anyone implementing the ideas using a LOC would create a tax nightmare.

Fortunately the same ideas can be applied to using an offset account and thereby avoiding the tax issues.

lisabellan wrote:

I’m not sure if it’s a similar thing, but I always use Property A for equity (PPOR) and as I have three properties linked, the bank then links all four together so any and all of the equity can be used across the four. My bank does a master limit which puts them all together and you can sell within this bandwidth. For example, two of my loans were fixed and one wasn’t. I could sell the properties within the fixed period as long as the loans weren’t over the variable’s value. As the variable loan was higher, it covered selling any one of them. Check this is correct before you go with my advice, that was my understanding from my broker.Good luck :)

This is what they call cross collateralising securities – using more than 1 security for 1 loan. Very dangerous and should be avoided.