Recent content by samsoft24

In that case I may as well leave things as is and go with the flow

Inam self employed at the moment

From the posts I gather I shouldnt be going for Hybrid trust at all. What should I go for instead? Will I be able to achieve my goals through simple Discretionary Trusts?

Again, I m more interested to form a structure and have a strategy in place for future investments. And I dont mind paying stamp duty to move existing properties if thats what it takes to move them across.

Thanks all for their inputs. The reason behind formulating trusts is for asset protection. I am the only person working in the family and may transition into a potentially high risk, irregular income job. Wife is a full time carer for two school going kids. Have few investment properties...

Yes I will be borrowing too

Can you recommend an accountant that can help with the following and is not prohibitively expensive - validate hybrid trust document that is yet to be registered - help in formulating high level investment strategy using hybrid trust

Hello All Can anyone suggest me best bank/non bank lender for a hassle free lo-doc homeloan? I am just caught between property which will be settled in July and I need to borrow for a land that will be settled in Mid May. I have maxed out on my borrowing capacity but have a decent LVR...

Hello All, I m building a new house which i was planning to live in for a short term but looking at the current market, would potentially earn me around $100k if I sell it. I m unsure what are the CGT implications if I decide to sell. Is there any way I could save on CGT if I stay there...

Hi Paul, thanks for the answer.. So does it mean the following? Hypothetically, purchase price 330000 Selling price 530000 Total gains 200000 and let's assume there are no other costs like legal duty cost base etc. Total years of ownership 7 yrs (100%) Years as PPOR 5yrs (71%) Years...

I've moved to a new PPOR

Bought a property for 330K in 2005 as PPOR. Lived in this property from 2005 to 2011. Rented it out between 2011 and now. I am now planning to sell it for around 500K. Unsure the CGT implications in this scenario. Can someone please help?

Thanks for your reply PT_Bear. The carpet has just been replaced with timber laminates. I'll get some quotes for resurfacing the cabinets. Also take your suggestion to get the kitchen tiled Thanks again PT_Bear

Hello Peeps, Have a 3 bedder house in Melbourne which I am planning to sell soon. Need some suggestions on some low cost value addition. Here are few that I can think of 1.> Timber flooring in living areas - already done 2.> Paint exterior/interior 3.> Landscaping 4.> Driveway 5.>...

A bunch of friends bought individual blocks of land in sydney and were hoping to get bulk discounts through project builders. We have been offered ridiculous discounts like $1200 discount if we all signed up etc. At most, the discounts offered were 10% on the extra's / upgrades. This led...