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Hi Terry, Thank you so much for simplifying things. Settlement is the date then, when we'd nominate new property as PPOR. If we are able to get quick settlement when country property is found, funds that wife transferred to husband's offset account against Prahran property, could be...

Hi Aaron, How would husband purchasing wife's 50% of property be seen as asset protection?

Hi Terry, Big Brother in the bedroom!!!!

Hi Terry, Thanks for clearing up the timing issues - it's been bugging the life out of me. Husband is borrowing $500k to purchase wife's 50% share of the property (keeping in mind, that 50% of the poperty is already in his name). So, yes, he is purchasing property and borrowing to finance...

Hi Terry, Imagine if the couple were not married at this point in time and still claiming their own properties as their PPORs (i.e. not living together in either of them). They could sell them to each other and not pay any CGT. They would, of course, have to pay stamp duty on each of the...

Hi Dazza, Thanks so much for your detailed reply and sorry it's taken me a while to get back to you. Flat chat with work at present. Sipping decaf here (red wine...so not!) So the IP 100% owned by you at this stage was similar to our current PPOR in Prahran, i.e. at that point you...

Hi Jason, Thanks for posting the details of Authorisation Number 1011466416163. I've read it a few times but not being a legal eagle, not 100% sure I understand it correctly. My understanding is that the couple each had their own PPORs, which they sold (transferred) to each other to...

Hi again Dazza, How come your wife had to pay CGT on the sale of the original PPOR to you? Was this because she had already nominated the IP you moved into as her new PPOR?

Hi Dazza, I'm not sure I see the difference between your situation and ours. Our situation: The house we live in is jointly owned worth around $1 mill (with $90k loan). Husband buys me out ($545) by paying me 50%. No stamp duty as in Vic. Husband will then have sole ownership of...

Hi Terry, Thanks so much for clearing that up.

Hi Terry, I wonder if you can clarify what you mean by "full value", "asset protection" and "tax deductability". Many thanks.

Hi Aaron, Thanks so much. So, does this mean a "sale" from wife to husband of half share in the PPOR is also considered to be a "transfer", and does not stamp duty? Many thanks.

Hi Aaron, Thank you for your reply. Yes, that's how we feel about the Prahran property. We really don't want to sell this unless it would make the best sense to do so in relation to purchasing other investment properties as well as a new PPOR.

Hi again Brett, Thinking further about what you said earlier. If we did not sell to trust and did just sell to husband as per my original post, wouldn't that allow husband to still borrow again against the 50% equity on the IP if he wanted to? He could purchase something for $300k perhaps...

Hi Brett, Thanks for sharing your thoughts. We do need to sit down with experienced property accountant/financial adviser to figure out the best strategy, as Rolf has suggested. Husband does not want to continue working as hard as he is currently (getting too old and it's long hours, 7...

Hi there Bman, Thanks for replying. It's taken me a while to get my head around the idea outlined in my initial post (LOL!). Am happy to explore all possibilities but due to inexperience with financial strategic planning, the learning curve is steep. Eager to learn though! From post...

Hi Rolf, Thank you so much for your reply. As you say, we certainly need to check everything thoroughly before proceeding in any way. Is the basic concept of what we want to do heading in the right direction? We want to be absolutely certain that we can convert current PPOR to IP, so any...

We are wanting to turn our PPOR into investment property for lifestyle reasons. Unfortunately, being inexperienced when it comes to investing, loan structures, etc, we only owe $90,000 on the property (freestanding brick house in Prahran, Vic worth approx $1 mil). We are late starters but doing...