Monthly archives: May, 2011

Structuring of our family home – title in which name for main exempion and Asset protection

Question HiStructuring of our loan and title in which nameWe have recently bought a home which we plan to live in 6 months and then rent for 5 years and then knock down and build and live in next 20 years and treat as our main residence (using the 6 year exemption rule).My husband is …

CGT on Strata Titled Apartment Block and Land

Question Our strata unit (and PPOR) is one of a block of four in one building. We have owned it since new in 1988, and it comprises 25% of the total complex property value, including all land, car parks, gardens, pool area etc. The other 3 units are divided into 1x 33%, and 2x 21% …

Apportionment for CGT and loan interest deduction for main residence partially used for rental

Question I am purchasing a property on one title and contract has exchanged. I’m about to set up my loan, and have been thinking about how to account for the rental part of the property.I will live in a 2 bedroom house with an attached 2 bedroom granny flat which I will be renting out. …

Capital and Interest Apportionment on Building a Duplex

Question We bought an old property to live in which we rented out for around 1.5 years while we went through the DA Process to build. We found out that we could build a duplex, so we decided on that, with the intention of renting out the upper duplex and living in the other.The property …

Six year rule

Question Hi I have an investment property that I purchased under six years ago. I moved into the property immediately for a six month period and then commenced renting it. It is still rented today. Since then I have not owned another property that was my PPOR. I would like to sell it before the …

refinance investment loan

Question Am currently refinancing loan currently in name ofcompany atf Trust. debt 157K.Propose to set up 2 loans:1- L.O.C under own name : secured IP 300K2- Trust(current one) : secured IP 165KThe 157K debt will be allocated aprox as follows:In trust loan- 130K : In L.O.C loan- 27KQ: Can the trust claim tax deductability for …