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Hi again all, An SMSF question this time - I have done the searches but I can't find exactly what I'm looking for! I have an IP at present in my name. It is rented out currently. I am considering declaring the property to be a medical practice and using it as such - I'm a medico. Can I...

Hi all, I own an IP's in a HDT with a P/L company as trustee. The basic structure is: - I borrowed $'s from bank and loaned it to trust for trust to buy IP. Infact I actually own all of the trust units so I guess I bought these with the money I borrowed from the bank. - I thus claim...

Hi all, I have a few IP's in a hybrid trust where I am the only current beneficiary. A simple Q - what is the rate of CGT if I sell one of the IP's and does the trust pay it or me? Many thanks, Bagg

Dire Straits... Hi all, Unfortunately the title of this thread is not referring to the band. It is referring to our financial state. I'm happy to spell out the details but the bottomline is: Owe ATO ~ $170K due to a divorce in which I gave up too much and an inability to sell a...

Hi, I have an IP that was built in 1870(!) and has a staircase to the top bedroom that is basically near vertical. It would not pass council regs these days by a long way. If someone breaks their leg/neck on the staircase am I especially liable in any way? i.e. could it be construed as not...

Can anyone help with this one. I'm real interested in an old colonial house that would make an excellent 5 bedroom IP. But, being built in 1860 it has a stair case that is almost vertical leading to one bedroom (It must be at least 70 degrees). To ensure maximal injury it also has tiny...

Hi, My partner and I bought (and settled) a house in May 2002 which we live in. After signing we found out about placing PPOR in a trust as an IP, which we would like to do. Thus we set up a trust with a view to transfering it after we saved again for the stamps etc. I did not view the...

G'day. Been reflecting on how we develop our view of money lately. Quite often books and seminars promote the idea of examining one's views about money and particularly one's family-of-origin view of money (since it is cited as the major influence for our view). So..... What do...

Hi all, I've thinking about likely major demographic changes to Australian society of late and how that may impact on the property market. I was wondering what people think is/are good statistical and analytical info regarding demographic trends. e.g. ABS, private research houses etc...

Hi everyone, Am getting closer to buying some land to design a "top end" house on and hopefully sell as house & land package before starting building. Does anyone who's done this before have any advice on marketting/selling the package. e.g. Are OTP packages normally priced a little...

Hi all, Wasn't sure where to post this but it seems best here. I would love some advice on the following: Have opportunity to purchase a residential block in Hobart. It is a premium site for that city and I think will see good capital growth. (I know Hobart doesn't grow much BTW! -...

Hi all, A question to all you renovators who sell your completed property. Who do you find, in general, buys the renovated pad? I'm about to try a reno or 2 having gained some experience in builiding and am interested in what sort of "target market" others feel is out there. I guess...