All Topics / Legal & Accounting / trusts & implications to FHOG + stamp duty exempt
Is it possible to purchase an IP through a discretionary/hybrid trust and be the sole trustee without affecting eligibility for FHOG + stamp duty exemption in NSW.
Given the state of the property prices in NSW,
my fiance and I could not bear the thought
of purchasing brand new 3x2x2 townhouse out west
for $400k only to see the price drop in a few months. developers have dropped prices from $455 -> $399k in the last 6 mths.Given our current situtation we’d like to put out
savings into an IP interstate, but eventually purchase our PPOR in NSW.Any advice would be greatly appreciated.
regards,
tkasing
I beleive that would be possible, check with the Office of State Revenue.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.