I am a first home buyer and will be living in the residence for the first 6 months to be eligible to claim the grant.
After 6 months, I would like to rent this property out.
Question 1: If i wanted to transfer this property into a brand new trust after the initial 6 months what fees would be associated with this? Any stamp duty involved?
Question 2: Am i able to rent the property from that trust where I am the trustee to potentially reduce tax paid on interest?
Regards
After 6 months, I would like to rent this property out.
Question 1: If i wanted to transfer this property into a brand new trust after the initial 6 months what fees would be associated with this? Any stamp duty involved?
Question 2: Am i able to rent the property from that trust where I am the trustee to potentially reduce tax paid on interest?
Regards