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The solution is then to buy PPOR in spouses name and run your business from there.

I agree it's the best option if you take a long term view. From estimates I've done for clients, and it depends on a lot of variables - loan amount, marginal tax rate, transfer (stamp) duty level, it takes anywhere between 3-7 years to recoup the but/sell costs with the tax benefits.

To maintain CGT exemption of your PPOR (assuming purchased after 19.9.85) - do not claim any occupancy costs e.g. mortgage interest, rates, insurances. Excess running costs are OK to claim if the business portion is properly documented. These do not affect the CGT exemption.

True, never assume anything.

Good point Rob. The de minimus rule of interest deduction under $250,000 would not make tunnu subject to the thin capitalisation rules I would think.

Free landlord property management software is hard to find. The closest I have come is this free UK based online cloud version called "Property Hawk". It's pretty good and can be adapted for Australian purposes. For example pounds have to be read as dollars. Using software to do something...

I assume you also mean you are a US resident. Which means you are an Australian non resident and must declared Australian source income. If so make sure you lodge an Australian tax return each year, especially if the property runs at a loss. These tax losses can be carried forward and come...

B Q9 - Gross payment from all employers eg per week B Q10 - Tax withheld from all employers eg per week Starting from 1.7.13, old variation expires 30.06.13, so it's the the normal gross & tax D Q6 & Q7 - Does not concern you if you only have rental properties, it's for other types of...

HERE IS AN EXAMPLE of the importance of accuracy in your tax return. This one from a UK Taxpayer. HMRC has returned the Tax Return to a man in Evesham after he apparently answered one of the questions incorrectly. In response to the question; "Do you have anyone dependent on you?" the man...

In my opinion if you manage the property yourself it means you are not making enough money somewhere else. Residentail rental properties are not for cash flow or profits they are for capital growth as there are other investments that give a better income return. Management agent fees can be...

Do it as a e-variation even if the software the ATO use is archaic. It's quicker and lodged online straight away and you get the confirmation it has been lodged. Go to this ATO page - http://www.ato.gov.au/individuals/content.aspx?doc=/content/6650.htm

Low funds could mean the bank accounts are being skimmed by the strata management. I'm wary of this now as I've had the previous Strata Manager of the commercial centre where I own my Morley office unit charged with many criminal counts of stealing as a servant (easier to prove than fraud)...

I would claim the interest on the deposit loan if the property is intended to be rented out as an IP. If the contract was accepted before the split it would clearly show the intention of the loan and property use and it's all used for paying the deposit.

What you explain above seems OK to me if it's done correctly. In summary this is what happens. 1. Super fund trustees (yourselves) pay the deposit from the fund, and the borrowed amount from the Lender to the Seller. 2. The Seller sells the property to the custodian - XYZ Pty Ltd. (This is...

I know, hope you get the guy.

If you were in Perth Warren I'd give you the name of one of my clients who is licensed in that area as well as security. He's very cheap and has a 100% success rate with me for process serving and collecting my unpaid debts. Some people just love their job. Anyone else in Perth needs a...

I use a broker as well for the two strata companies I am a unit owner of and strata manager of. We have our commercial insurance underwritten by Holland Insurance company, which was the best deal I could get compared with other insurers for the same level of cover & risk. I don't think...

Can I add a few other points to clarify things for you? A unit trust has no Appointor only unitholders & trustee. It's set up by paying an initial sum to the trustee, say $10 being 5 units of a dollar each for 2 unitholders. When a property is purchased by the unit trust, say a $300000...

Thanks Westminster, it's about the range I had, maybe $650000 max as it would be a complete makeover.

From memory that's the way it's shown on on agent's rental statement