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    Turning PPOR into IP

    Dale, Congratulations on your neww PPOR. I note that you are going to turn your current PPOR into an IP and was wondering is there a best way to do this i.e. structure this or if you know that you will do this at some stage down the track, is there anything you would do in preparation e.g...
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    LOC's & PPOR

    I have been told that there are lenders offering long term LOC's e.g. 25 years. In light of this can the following be done and is there any benefit? Instead of using P & I and Offset accounts or a redraw facility, how about having 2 LOC's attached to your PPOR, one for non-deductible debt and...
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    CGT & PPOR

    Is it correct that there is a 6 month period of overlap where you can control 2 PPOR's CGT free? Assuming that is correct and you are building a new PPOR and it takes longer than 6 months, some CGT may be attributed to one of the residences at some point. What is an acceptable method of...
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    Depreciation and demolition

    If I was to purchase a property and rent it out initially I would get a QS report. I rent it for a year and gain the deductions. After this I decide to demolish the house. I assume that the residual value can then be written off against my income, is this correct? Does the demolition of the...
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    Backyard subdivision

    If you were to buy a property and decide to subdivide and sell of the rear with plans and permits, it is my understanding that no GST is involved unless you have built on it but if you were to build and sell GST will be payable on the sale. Is this correct? Also, when calculating the CGT...
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    Tenants in common

    Is it correct that if you were to buy a property with your spouse as 'Tenants in common' say with the high income earner having a 99% interest and the low income earner having 1%, giving the tax benefits of negative gearing to the most appropriate partner and that at a future date you can...
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    Transferring Assets

    Just a thought that popped into my head while I was sitting in the sun yesterday. Is it possible to progressively sell a share of your property to your trust thereby reducing the CGT and stamp duty payable in a year. That is, if a person was to sell the trust for example a 20% share of the...
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    Owner Building

    Just wondering if anybody has done any of the Owner Building courses on offer in Melbourne and what their thoughts were. I am considering building a holiday home and was thinking about doing it as an Owner Builder. Has anybody attempted this before and if so, do you have any suggestions?
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    Save Money on Painting

    The following is from Noel Whittaker's newsletter. Does anybody know whether there is any validity to this? "A painter was telling me if you washed your house down regularly, the paint would last much longer. I’ve got a great big old wooden house and it only costs me $250 to have it washed...
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    Taxation guide

    Jimmy Prince has just put out his 'Taxation Pocket Guide for Australian Property Investors'. I have his one for the share market and found it to be good value. I have just picked up my copy of this new book today and will let you know what I think when I get a chance to read it. ($19.95...
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    Melbourne bayside resale

    I posted on the old forum about a new magazine in Melbourne called 'AUCTION'. Over the weekend I picked up the Hocking Stuart book and noticed a property on Beach Rd, Beaumaris for sale. It was a unit in a new development last year that I had a look at. I thought I would see what the magazine...
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    Melbourne Expo

    For all those in Melbourne on the 25th to 27th October, there is an Investment, Property & Franchising Expo on at Jeff's Shed. You can find more info at http://www.ausexhibit.com.au .They have free seminars at the expo and you may pickup some useful info but watch out for the sharks.
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