Hi all, My mother and father in law have recently sold there house in Sydney's north and would like to stay in the area but have been priced out of the market and not many down sizeable houses available. (Unit is not an option)
We have a decent size block with a detached garage to be demolished with the thought of placing a granny flat for them.
I want to make sure we do this in the best interest for ourselves and the in laws.
I feel the best way is to talk to a tax accountant/financial adviser on this however they are not very willingly wanting to do so instead just talking to Centrelink.
They have no super and will have around 800k to play with after agent fees and paying off other debts
1. Does anyone have any tips on how to go about encouraging them a tax accountant/financial adviser is the way to go?
2. Can anyone recommend a financial adviser or tax accountant who knows the pension rules?
3. In building a granny flat are there any general rules one should follow when thinking about taking this option?
Thanks in advance!
We have a decent size block with a detached garage to be demolished with the thought of placing a granny flat for them.
I want to make sure we do this in the best interest for ourselves and the in laws.
I feel the best way is to talk to a tax accountant/financial adviser on this however they are not very willingly wanting to do so instead just talking to Centrelink.
They have no super and will have around 800k to play with after agent fees and paying off other debts
1. Does anyone have any tips on how to go about encouraging them a tax accountant/financial adviser is the way to go?
2. Can anyone recommend a financial adviser or tax accountant who knows the pension rules?
3. In building a granny flat are there any general rules one should follow when thinking about taking this option?
Thanks in advance!