Focus on the rate not the discount. ING and Heritage are low at the moment for variable. ME Bank for fixed.

yes, if it is rented out.

It is not really relevant whether the purchaser is an SMSF trustee or not. Some rules apply for all – if there is no written contract then there is no contract. Ask the agent why haven’t they signed a contract or paid the deposit and ask your solicitor to chase them up too. You can then consider if you should withdraw you offer, – maybe put a deadline.

Maybe give notice so you can show other potential buyers thru. That might hurry them up.

You could apply the 6 year absence rule to only 1 property at any one time. But where you have lived in both properties as the main residence you could choose which property to count as the main residence for the 6 year rule. You cannot claim it for the room rentals so these will cause CGT to apply.

In your specific situation you could apply it in part. I think your accountant is wrong.

All lenders and the broker will be subject to the NCCP.Can’t lend you money unless you meet certain requirements. But the NCCP only applies to natural persons borrowing.

Same tax rates apply to low to middle income earners. No need for a SMSF to get advantages. Laws may change in the future but we can only speculate what these changes will be. The purpose of super is to provide for retirement – but he seems some very well off individuals are takig extra advantage.

I would rather see those with very large balances taxed extra.

Don’t be silly!

Super is taxed at 15% going in, whereas you may be taxed at 47% otherwise. Earnings inside the fund are taxed at 15%, what has you may be taxed at 47%. And once you meet a condition of releases the fund could be exempt from income tax and CGT nd you could be drawing out the money tax free. Super is a tax haven.

Fees depend where the funds are invested. They could be very low in a SMSF.

Yes trusts do get access to the 50% CGT discount – or the beneneficiary will if an individual.

I charge $550 for structure consults for non clients. There is no simple yes or no answer, but if you want to claim negative gearing you will have to own the property, or the units in a unit trust. To be able to claim the interest you must have a right to the income and capital.

Unless your daughter is 18+ she could only earn $416 pa and not pay tax. Any more than this and the rate jumps to 66%.

There are still of lot of ways to structure a property effectively where it is owned by an individual. See my old newsletters for some articles.

I am a financial advisor too – see http://www.finwealth.com.auu