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  1. A

    Convert PPOR to IP - husband buys wife out

    If you argue it correctly, yes. Since he is self employed you don't want the family home in his name. Perfectly understandable.
  2. A

    Convert PPOR to IP - husband buys wife out

    Unlikely as it is quite common. But for security always make sure the dominant purpose of the transaction is 'asset protection' or something else apart from income tax minimisation.
  3. A

    Convert PPOR to IP - husband buys wife out

    Yes that would be the wise move to make it a clean break.
  4. A

    Convert PPOR to IP - husband buys wife out

    If anyone is worried about Part IVA the test is the 'dominant purpose' of the 'scheme'. If it's obviously a way to minimise tax then you will be in trouble. But if there's another important reason for it - like protecting the family home - it would be easier to justify. This would mean nothing...
  5. A

    Convert PPOR to IP - husband buys wife out

    No because you want to get the maximum tax benefit and/or asset protection.
  6. A

    Convert PPOR to IP - husband buys wife out

    Dazz is questioning why you want to build a portfolio of residential investment properties as opposed to something that produces more cashflow and which is less biased against you - such as commercial property.
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    Convert PPOR to IP - husband buys wife out

    Simply lack of awareness methinks.
  8. A

    Convert PPOR to IP - husband buys wife out

    Yes that's right. Sale = transfer.
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    Convert PPOR to IP - husband buys wife out

    Just to clarify a transfer between a husband and wife is considered a 'sale' as well and does not attract Stamp Duty in Victoria. See Duties Act 2000, section 43 - http://www.austlii.edu.au/au/legis/vic/consol_act/da200093/s43.html
  10. A

    Convert PPOR to IP - husband buys wife out

    Yes people would kill to have a property in Prahran, especially an old Edwardian style house. I would never, ever sell good property unless there was a deal that I couldn't do without it. It's not like you would have difficulty selling Prahran even if you were desperate and needed the money...
  11. A

    Convert PPOR to IP - husband buys wife out

    Yes but selling to a trust will mean you have to pay the full stamp duty on the value of the property - which is $50k....not very nice!
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