Search results
-
Where can I park $800K?
I can offer a guaranteed one year 10% return. You give me $800K and I guarantee after one year all you will ever see is $80K. :D- Paul@PFI
- Post #22
- Forum: Accounting and Tax
-
Where can I park $800K?
Definitely way to go. You don't want to be out of market paying tax on $800K earning %. Instead ride the market tax free. The main residence exemption would continue while you rent. You may even get two years in and decide to keep it and buy new PPOR.- Paul@PFI
- Post #18
- Forum: Accounting and Tax
-
Where can I park $800K?
Huh...You said you sold it. If you agree on the price then deferring settlement doesn't benefit you. You lock in your profit now AND lose access to reinvest the cash and gain nothing from market for next two years. You are far worse off. The strategy would have been to defer selling at all...- Paul@PFI
- Post #16
- Forum: Accounting and Tax
-
Where can I park $800K?
Two years is a long time to be out of the owner occupied market in Sydney. In that time IF properties were to push another 10% then you can appreciate the $80K shortfall that might pay all your duties etc. It may be a risk to consider growth investments too. (You could lose 30% if the market...- Paul@PFI
- Post #12
- Forum: Accounting and Tax
