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No she does not have any assets overseas. All assets are under her Husband's name.

This property is her only home in Australia. She is based overseas and will not be returning to Australia. I read the following on ATO website. "If you do not use it to produce income (for example, you leave it vacant, or use it as a holiday home) you can treat the dwelling as your main...

I am not sure whether or not there is CGT that why I am asking for opinions on what I am planning to do and what would be the better option.

She lives overseas and not an Australian citizen; no pension etc.

The house is owner occupied by my Mother in Law and it will be my PPOR. I thought this would not cause CGT?

I guess I should say bad in terms of something amiss that I am not aware of with my plan. Care to explain Asset protection and CGT? The property has never been rented out and it is sold for less than what it was purchased. I guess there is no CGT there? Unless if I missed something?

Hi Guys, I am trying to work out the best possible options when transferring a property from my Mother-in-Law to me. I have thought of a few options below. Please comments on the options whether its good or bad. Ideally I would like as much liquid cash as possible so that I could utilise it...