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Terry do you know what the status quo is for the party (us in this case) receiving money from the oldies for the Granny Flat Interest. Is this deemed as income and to be taxed or is it viewed differently??

Good call, will look to make a booking and get it straight from the horses mouth so to speak :)

Yes this is the one I was looking at last night. The way I read it: say they sell their current house for 350k they can put that full amount into another property with no loss of current pension level, regardless of the value of what they are buying into. Seem right?

I checked on the Centrelink web site and it appears the amount they can contribute is fixed subject to the age of the youngest of the couple. In their case it appears they can contribute up to around $400k without loss of the part pension they receive, subject to them having a Life Interest in...

Hi Dave, the father in-law is in pretty good health. I reckon he has 10-15 in him yet ;). I see her going in the next few years and us helping the father in-law to some degree. The other sibling is interstate and has no input as it is. I don't see us having to care for him so much as maybe him...

Hi guys, After some advice please. My wife's parent's are in their early 70ies. The mother inlaw is very frail (in hospital as we speak just broken her hip for the second time:(). They currently own their home and get a part pension. Both retired on a reasonable redundancy package around...