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Ok I think I understand the responses now. Thank you for sharing your thoughts, Rob and Gary, and I appreciate that there are 2 opinions.

Hi - I'm resurrecting my own thread since upon reflection my question is not yet answered - the last convo about what happen upon death is really not relevant to my situation. I'm aware that I can extend the PPR exemption to whatever time is deemed 'income time', even if by then I'm already...

What is counted as 'produce rental income'? The day that the first rent is due/paid? The day that it is advertised for rent? Something else?

Hi SSers I have a specific question that is hopefully easy to answer. I have post-1996 PPR that I'm vacating to move to a new PPR. The old property will be rented out. I would like to ensure that the CGT cost base is reset on the old property as per section 118.192 (reproduced below for...

Now that's a very important point. I do indeed plan on using the offset account to ensure future deductibility if the house turns into an investment property, so any ATO concerns is a very good point. I'll do some digging on this. Good point again. loans.com.au charges a settlement fee of...

Thank you for your responses. Peter great points, I'll make sure I ask them the questions. Just to share some of the info that I already gathered from them: Break/exit costs are zero save for the seemingly standard $300 discharge fees (State Custodians also charge legal fees, not sure how...

Good idea ... unfortunately these 2 lenders do not pay broker commission so are not offered by any brokers ...

Any thoughts on the non-rate side of things Aaron? Customer service, additional features, etc.

Hi Jamie - I'd say in 5-10 years time there's a 50% chance that I'd be doing that.

That's for refinance - loans.com.au has 4.77% for purchase. Also the 4.84% has a $345 annual fee.

Hi investors, I'm looking to refinance property 1 and getting a new loan for property 2. Combined loan is approx 600k. Preference is not to cross-coll, so will be 2 loans. 80% LVR, IO, and variable rate on both. I'm wondering if any SS folks have any opinion about loans.com.au vs...

Is this easily done? Or does this require special conditions and some specific structuring etc with very adult supervision?

Oh wow, thank you very much for your description Terry. I was expecting 1-2 answers but wasn't expecting an answer that takes 2 posts! Thank you again for sharing your expertise, and I take your advice re: seeking adult supervision.

It seems common practice to sell a private property to a unit trust which may mean more deductible interest. Other than maximising tax deductions, what are the other advantages/purposes of holding a previously private property in a unit trust? I believe asset protection is NOT one of those...

No other property, this was our joint first. This is mostly about CGT and the base cost reset, since in the future we might subdivide into 2-3 rentals. which may then be sold.

Ok - so I assume that's because I did not 'move in as soon as practicable'. What happened is that I spent probably 2 weeks renovating the house before I moved in since it was in pretty bad condition (broken windows, broken doors etc). I was renting an apartment while that happened. I had...

Hi folks - would appreciate your thoughts on this. Thank you in advance.

So does that apply to the entire House of Wealth or is it mostly James GG?

CGT cost base reset - section 118-192? Hi folks, Say I have a PPR but I 'did not move in as soon as practicable', say I waited a month before moving in from my rental. So I would say I don't have 'full exemption'. In 5 years I move out of that PPR and then rent it out. Will the CGT cost base...

Thank you Rolf - it makes sense. Although I'm not sure what you mean by "structured correctly, more will be deductible in the long term". Do you mean IO loan with renovations and other deductions down the line? A related question: When the spousal transfer occur, assuming it's done at market...