Monthly archives: November, 2013

Buying commercial property through SMSF

Question Hi Julia,I am in the process of making an offer on a commercial property through a Self Managed Superannuation Fund, and the agent has advised me that I need to have the fund setup prior to making the offer. Can you please answer the following questions for me.1. Should the fund be “Individual” or …

Sale of a property – money to go into my SMSF

Question I purchased a property nearly 14 years ago in the name of my Trust and company name, to live in initially and with the potential to knock it down and construct units on it.(its actually two blocks total area of 2739 square meters.After living in it for 12 years, I now rent it out …

CGT & Subdivision

Question I purchased a 1.5 ha block of land with a shed on it in July 2011, I moved into the shed on the day of settlement (due to not being able to afford to rent elsewhere) and got building approval (owner builder) for a small house in September 2012. I had hoped to take …

Changing principal place of residence

Question Hi JuliaFirstly I’d like to say I’ve read some of your book and it’s very informative and factual compared to other books. It’s hard to read some sections for someone who isn’t familiar with tax and investing.My question relates to the following situation:I have a house which is fully paid off and valued at …

Gifting rental property with lifetime interest in rental income

Question I am considering gifting my rental property to my child. My lawyer will draw up the paperwork, obtain valuations, etc.I wish to retain the rental income for living expenses and will pay the rates, insurance, etc. The property is 100% owned.Do I continue to show the income as rental income and claim deductions after …