Search results

The reason why i dont think Part IVA applies are As long as your paying market rent, it would be no different than having a general IP in this structure. From an asset protection perspective, as long as your not a guarantor on the loan you have no family home to suit for The above...

Flaws in my argument- I haven't included stamp duty - Why - Situation will be the same regardless if purchased in your name or trust Land Tax - Holding a PPOR in a trust will result in land tax being payable where as outside the trust its exempt - True, but you may get an exemption on your...

Hey Guys, following on from my post in this Thread. This idea grew on me so much that ive ran the numbers. Its turned out to be a better outcome than i though so i thought id share it with you guys. Ive attached the calculations but to summarise, The example is based on an actual...

Also note guys, (assuming a family trust) that if you are making a loss in the trust, and your not flowing seperate income into the trust a taxable loss will build up in the trust. When you went to sell the property, the trust capital losses MAY apply to offset part of the gain (assuming its...

Unfortunatelly if i apply commercial interest rates during the year i end up with a loss of around $500 in the trust (meaning i lose out on the ~$500 of franking credits earnt during the year).... you live and learn i guess

Coz in the event interest deduction pushing the trust into a loss position, franking credits are stuck in the trust and are lost....

yep, agreed.... there would be no commercial reason for the person to lend the money so therefore no deduction for interest costs... it more comes down to is allowed to change a loan agreement without paying back the money and then re lending it (as its investments are illiquid)

Trust has the loan from a related party who which is currently charging interest. the related party has borrowed the money from a bank and is effectively the middle man (ie currently recieves interest and pays interest to the bank). What i effectively want to do is "restucture" the loan and make...

Does anyone know if it is it possible for a trust to stop charging interest on a loan where it has previously has been (ie for the first yr of creation it paid interest to the lender but from now on i dont want it to charge interest anymore?) Has anyone completed it with one of there trusts...

The choice package. Ive found article that it was around in June 06 but im not sure when the discounts of the variable loan (for an annual fee) started

Comparing it to the RBA data available, the nab rate is only off by max of 5-10 basis points, so it confirms that the rba data is pretty close to the money... Now all i need to do is some research as to when they started offering discounts off the standard variable mortgage rate (ie pro...

Thanks Simon, That list is pretty fantastic. Wouldnt happen to have it for other banks would you? Is this from your own compiled data or did you get this from an external source somewhere.

If you want to take the data straight from the horses mouth, the graph has been compiled using data from this link http://www.rba.gov.au/Statistics/Bulletin/F05hist.xls I had a look the other day but couldnt find anything, does anyone know if there is a website that has the a big4s actual...

yes you can get direct property commercial yields at 10-12%.... If you flick back through the last 10 copies of the Fin Review i can remember 4-5 properties that sold on that type of yield (10-50mil price range)... Id imagine some LPT's are trading mid teens... But its not all about yield...

Yep correct.... It shouldnt be a gain in the P&L until its realised (ie you recieve the money) until then it sits in the equity account... It was designed this way so there wasnt large variables moving through the income statement and hence adjusting the profit.. Big business dont like...

the fx acc rec should be adjusted with the difference going to the P&L as a gain or loss

According to Australian Accounting Standards at the day the balance sheet is created all foreign currencies have to be presented in the presentational currency of the company (ie AUD). (AASB 121.8) The translation will result in a different AUD amount each time. This difference is to be taken...

13% is only the tenant finding fee.... Id expect it to be much higher than resi as the leases are usually for a longer time. (ie 1 weeks rent is approx 4% of the lease which is for one year terms), if you have a 5 year term you would expect a higher amount... under Australian Accounting...

yes its possible, but they will charge higher fees.... agents usually charge ~13% of the first years rent as a location fee... on going management fees can usually be built into the properties outgoings and billed directly to the tenant. This could be something to consider (depends if its a...

Hi Julia, could you just quickly explain that again please... is it because your purchasing it off a related party that you wouldnt have stamp duty? I thought you could only buy the original amount off the partner to be exempt from stamp duty in nsw? so if there is a 3rd person as well...