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Hi there, Any advice and opinions on the tax situation below will be very much appreciated. I tried ringing the ATO helpline however they won't reopen until Jan 3 and I need a fairly good answer ASAP. Many thanks for prompt responses :) A good friend of mine is a US resident who worked...

:confused: I just did my personal Will but am totally stumped on how to distribute and dispose assets held in a Trust for which I am the sole director. Any advice or direction on how to do this will be very much appreciated. Thanks! Triple J :)

Hi, From reading all the previous posts on flips and property options contracts on property deals, I realise that getting the legals right is one of the most important things to flip properties. Can the gurus recommend their lawyers who have good knowledge of how to structure these...

Hi all, Here is a recent article in the Age. I am a little confused about this bit "Some costs of repairs will also be classed as capital even when they are paid for after a property has started earning income" The example given in this article is repairing a roof leak that existed...

Hi everyone, I have an IP in QLD (Woodridge) that requires 2 new security doors installed. I live in Sydney so won't be able to see the finished work. Someone honest and value for money will be good. Can anyone recommend one they've used before? Any door vendor near south east Brisbane...

Hi everyone, Has anyone done this: 1. Use HDT to buy a property. 2. HDT pays everything from stamp duty to solicitors fees. 3. HDT issue units that's worth the total purchasing costs of the property (including stamp duty). 4. personally borrow from bank to buy all units. Assuming you...

Hi people, I'm a beginner looking into the best structure for asset protection. I've been doing some research into discretionary trusts and hybrid discretionary trusts and wondering which one would be the best? Looking at the poll, lots of people are buying through these two structures. I...

Hi everyone, A quick question: Are buyer's agent fees 1. tax deductible i.e. they come off your rental income like strata fees or 2. capitalised as a cost of purchase and realised when you sell or 3. not tax deductible or capitalisable(if there is such a word ;) at all Thanks...

Hi everyone, I am very negatively geared at the moment and am in the hunt for the next IP that will put money into my pocket each week. After some research, it seems that regional QLD is the best bet. I went up to QLD and found a "good" IP with nice corner block. After pest inspection...

Hi guys, Given the situation that two people want to buy one property together, each party owning 50% of all wins and responsible for 50% of all losses, what are the pros and cons? In particular: * can two parties get separate finances with only one title? * if one party defaults...