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Give it to someone else. Property worth nothing if you've maxed out the loan.

Nice one Terry. So can an estate sell all the properties, distribute profits then file the tax return. At which point theres nothing else to pay ATO? Theres probably claw back provisions to prevent this. I reckon they will introduce death duties again over the next 20 years. Our govts...

Gift from a relative or a good friend? I think you'll find Part IVA will kick in and attach full market value to the price so you wont' have a cost base at $0. Anyone thought of the willing aspects of an IP? If we continually draw down equity from the IPs and never sell (till we die), you'll...