It may depend on who the trustees are. I think they cannot be related in anyway.

Have a look at http://www.chrisbatten.com.au

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Well, it would depend on what the funds were used for. If for personal expenditure, then you would be creating a mess. If for the property or other business related stuff you should still be able to claim the interest, but you may have to apportion the amounts in your tax return.

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Most No Doc lenders will lend up to 70% LVR to people who have been self employed for a min of 1 day. eg. Macquarie, Rams etc

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You will have a hard time getting a loan. Low/No docs are generally around 80% LVR, but there are some that go to 95% with rates around 9% pa. However, for a $200,000 ppty, 5% would be $10,000 plus there are costs on top of this. Also these loans generally are only available to people who have been self employed for 2 years or more.

How much under value is the property?

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Speak to a solicitor. You may be able to get out of the contract. If not you will be sued for the 10% deposit and possibly more.

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I beleive things go on as before. The executor of the estate takes the deceased’s place.

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Hi Robbo

Not sure about the super side of things, but why have a unit trust? With a unit trust, all the income is fixed in accordance to % of unit holdings. Its like holding shares in a company. So at tax time you will have no choice in where the income goes. ie no flexibility at all.

But if you had a discretionary trust or a hybrid trust, (or units of the unit trust owned by one of these), then each year the trustee would have the discretion as to where the income can be distributed. ie it gives you much more flexibility.

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What does your contract say? Probably says the vendor can charge your pentaly interest if you do not settle on time, but not the other way around.

These days nearly all banks offer a rate lock in facility for fixed loans. If you think the rates are likely to rise before settlement, you can pay a fee and they will hold the rate for you.

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You must be very familiar with the country you are living in, must know the relevent laws and proceedures – eg. eviction of tenants, tax, lending etc.

For most people, I would say why bother. There are plenty of opportunities here is Australia, so why take the extra risk and/or complicate things.

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You should talk to a good accountant about operating through a company and or trust structure. There are various rules now preventing people doing this, but it may still be possible.

Also maybe consider using a service trust. This will help divert income into a discretionary trust. eg. the trust could employ you and rent your services out to your company.

With property, you should be able to claim any loss against your personal income.

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