All our properties have been purchased post July 2000. Yes, she is my defacto spouse and we are currently renting. It would work out better if she purchased our PPoR in her name due to the way we have set up the company and trust fund.
I feel a bit sorry for Simon as it seems very clear to me (although surprising I might add)
I will tomorrow have reached the 6 month anniversary of purchasing my PPOR, of which I used the FHOG and stamp duty excemption in NSW to buy. Very soon I will be renting out the property and it will be my first IP. I found it the only way for me to afford an IP and it has worked out very well for me. The other thing worth noting as that since I have lived here for 6 months if i sell the property in the next 6 years I do not have to pay capital gains tax. noice bonus.
There you go ladies and gents, the thread topic “in action”.
I’m very excited my partner can now go and buy his first property using FHOG etc so we have somewhere else to live for the next 6 months, and so the cycle starts again…
Dohicky
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