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http://law.ato.gov.au/atolaw/view.htm?locid=%27TXR/TR20103/NAT/ATO%27&PiT=99991231235958 In planning for EOFY... just trying to sort out what to do with some suplus income. What are the experts opinions on using bucket companies after TR2010/3? Basically trying to find a way to: a) pay...

Hi All, My dad had a discretionary trust which he was no longer (ie not assets in it) using so I essentially took over the trust as started purchasing and moving my assets from personal name (shares, funds, private companies etc) into that trust. We have since changed the trustee from...

What if you had two different contracts on two different places and using two different lenders / brokers. If you did the applications at the same time and only declared current liabilities.... Would that work to essentially increase servicability if both approved without knowing about the...

Hi All, For a business partnership agreement, is it worth adding a clause that should the unthinkable happen and one of the partners split from spouse have some clause in there saying "no ex spouse has claim to any stake in the company /partnership"? Or would the family courts see right...

What is the best way to find the average rental yield based on suburb or postcode? Need to be able to serperate yields for units & houses. I have access to both RPData and also PDSlive but can't seem to figure out with either..... Thanks

If an overseas entity (with non AU residents behind it) was to purchase property in AUS, does the ATO have some requirements the entity needs to comply with? Eg does it need ABN, TFN, pay tax etc. I have tried searching the ATO website without much luck. Cheers

In prosolutions latest news letter it says I thought this was regarded as a wash sale by the ATO and if the primary reason was for tax advantage the loss will be denied?

Hi Guys, I have recently had 2 properties which were on the rental market so had to be advertised again. One of them PM's charged me $30 for advertising and the other one with a different PM charged me over $200 for advertising. As far as I am aware they both just used RE.com.au. What...

Does anyone here use an MGS DT deed? If so, is it the same as the sample that is up on the website or is there a more up to date version out there with different wording? Sample from website can be seen at http://www.keepandshare.com/doc/view.php?id=1045066&da=y (can't remember where it was...

Currently have a discretionary trust which has an individual as trustee. I wish to change this to a corporate trustee. I understand that by simply changing the trustee this will not trigger a CG event as the beneficial ownership is the same. I tried letting my broker (Commsec) know of the...

Considering purchasing a property with cash and the different options with deductible interest... 1) If purchased with cash and then took the title to bank for a loan against it, is the loan tax deductible if the loan money just goes towards replenishing cash supplies? Guessing no... 2)...

Hi Brokers, I am trying to find a way to get my serviceability up for another full doc loan. I have been in the same job (self employed business owner/operator) since late 2005. It was originally set up as a business through my ABN. Then in February 07 it was incorporated into a company...

I want to pay a fully franked dividend from a company for last FY and just to make sure I understand everything.... Say a fully franked dividend of $70k needs to be paid, I understand that means the company needs to have paid $30k in income tax for there to be enough franking credits. If over...

Anyone know what the rates are for this FY? Had a squiz on the ATO website and can only see for 2006-07. http://www.ato.gov.au/individuals/content.asp?doc=/Content/33874.htm Cheers

GDay, Just received the paperwork for a small loan increase and curious as to how the additional LMI is calculated as it seems a bit steep. Tis with BankSA. Original details: Val: $280k Loan: $250k LVR: 89% Current Details Val: $300k Increase: $17k Total loan: $267k LVR: 89% I...

Anyone know what happens if the balance of a BankSA (Stg) 100% offset account exceeds the loan amount it is offsetting? a) It earns interest at the same rate? (probably wishful thinking) b) It earns interest at a lower rate? c) Nothing, anything in there over the loan amount earns zero and...

Do agents get paid their commission upon settlement?

If I have an IP in my own name, instead of having the interest drawn out of a personal account (in own name), can it be taken out of my company using the 'otherwise deductible rule'? If so, how would the paperwork side of this look? I am guessing the interest paid by the company would be a...

I have read my share of books and been to seminars hearing about peoples success from property. Have also read numerous success stories on this forum which is great to see and very motivating. What I don't hear enough of is stories about people who have had property investing go pear shaped...

Notice to remedy breach - Form 2 (SA) I understand that we can issue a form 2 once the tenant is at least 14 days behind in rent. Can we put that for them to remedy this breach they must be up to date with rent? Or do the laws allow them to be <14 days behind for them to no longer be in breach...