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Agreed there will a mess left behind but I'm sure the recipients of the inheritance will end up better off after the smoke has cleared. Cheers, Bazza

I see Alex. So you still have to pay the CGT eventually if you sell the property but if you never sell then what the heck. So, it's not actually tax free money but who cares when your dead. Cheers, Bazza

Thanks Alex and Rick - great. I like the concept. 1. What if the IP is held in a HDT - I guess that case is different since unit shares have to be paid to individuals which attracts tax? 2. Do you need to withdraw the money in a lump sum? 3. Say I have an IP worth $400k and $100k LOC...

TAX FREE Income Money Machine Hi Rixter, Back onto the original topic of '$1m in equity' "For ease of calculation lets say we buy a property for $250k, so in 10 years its now worth $500k. Now lets say we do that each year for the next 7-10 years. Now you can quit the rat race. So in...