No, this would be a breach of their agreement with the lender.

Also the policies are sometimes in one PDF, but more commonly now days on various pages on the internet (internal site) so are unable to be saved or print out en mass.

What is there to do with GST? Depeciation is worked out via a quantity surveryor and given to you in a report.

Just use excel to keep track.

It may not be a good idea to pay the loans down but instead go IO and store the cash in the offsets. This can allow for quicker retirement.

And to get 3 fully paid off (or fully offset by cash) you might buy 6 and sell 3 as this may get you there quicker than working and paying down the loans. Capital gains are taxed at half the rate of wages and the tax can be minimised and maybe even eliminated with careful planning.

Costs of the land, stamp duty, interest rates etc could all come off the CGs – which may make it a capital loss which may help you save tax at some future date on a capital gain.

The deed is only one aspect. It is the advice that is important.

why not just see a lawyer about both?

It would be subject to CGT because you cannot claim the main residence exemption for vacant land, unless you build within 4 years. But this doesn’t necessarily mean any tax would be payable – depends if there is a profit after costs.

The fact that the money came from the sale of the main residence prior to this is irrelevant.

I could help on the structure and tax side, but I don’t practice property law so cannot really assist in that area, but I know a bit. I am also conducted some lease options myself in the past – but would not do again. I am sydney based.

When the tenant wants to buy the property (ie become legal owner) they would apply to a lender, just like normal. But the lender will need to know the details such as they have been paying extra rent which goes towards a deposit and that they will be buying under market value. These sorts of things are difficult to finance unless the LVR is under 80%. Tenants will still have to prove income and demonstrate serviceability etc.

A person taking an option over a property has a caveatable interest so they can lodge a caveat. This will show everyone that they have an equitable interest in the property. The owner could try to refinance or increase loans etc but any prospective lender will see the caveat and be unlikely to lend while it is in place. You would also contract with the owner that they cannot increase the loan.

Incidently the owner would be in breach of their mortgage agreement if they allowed a caveat to be lodged.

I don’t know – you will have to ask the person that advised you. If they think you do need a valuation ask them for the legislation which requires this.