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  1. quoll

    Sell IP's to pay off PPOR?

    kierank That is not what I wanted to hear, had a busy day will have to phone accountant in the morning and ask his advice. Peter 147 It sounds like CGT needs adding into my equation this will change the figures a little. Oh well quoll
  2. quoll

    Sell IP's to pay off PPOR?

    Robyne I would have to pay stamp duty if transfering into trust due to seperate entity, but just to remove wife from title, stamp duty doesn't come into it, nice. Also need to redo mortgage so wife is not on that. All Had a look at some numbers and if we sell we get about $40k more than if...
  3. quoll

    Sell IP's to pay off PPOR?

    JPM I like that idea, I've got to go and see Steve the accountant anyway so that's another question for him. All I spoke with Dale the conveyancer it turns out that to move the properties into the family trust would require about 10k in state government taxes for each IP, but to buy the...
  4. quoll

    Sell IP's to pay off PPOR?

    Aceyducey I'm happy with the PPOR and the debt was needed to get into it. Has been the best decission we ever made. But if I can have the same level of debt but be able to claim more expenses by having the debt on a income earning asset that would be better. I would like more disposable...
  5. quoll

    Sell IP's to pay off PPOR?

    Kristine The IP's are all Interest Only for the next couple of years. I'm putting everything into the LOC that is against the PPOR. Peter 147 It's tempting to sell, realise goal of purchases, I'm letting emotions get in the way, the tenants are good, don't want to make people have to move...
  6. quoll

    Sell IP's to pay off PPOR?

    Brenda I don't really want to sell any but I do want to get rid of mortgage on PPOR. The first 2 IP's were bought to help pay the mortgage on PPOR but then we worked out we could fund retirement through investments and decided property is using more leverage than shares so we bought some more...
  7. quoll

    Sell IP's to pay off PPOR?

    Decissions, decissions? The situation: Mid 30's married 3 kids, building investmensts to fund retirement. Serviceability is an issue, PPOR is in great location don't want to move / sell / rent it, do want to get rid of mortgage. What to do, cash bonds? or sell pay off debt buy more? Would...
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