bump
interesting thread from 2003
will post my reply tomorrow as its late and too tired atm
interesting thread from 2003
will post my reply tomorrow as its late and too tired atm
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7 years on and the vast majority have all disappeared....
We don't have ones that good here - so two average ones for me!Only one good one.
I had always had it in my head that when i retired i would sell a couple of ips to pay down the debt of the others and live off the rental income. Now im not so sure this is the way to go!
I would have to:
1. Pay capital gains tax
2. Pay tax on my rental income
I'm thinking about the possibility of holding onto all my ips, not ever selling (unless its a dud) and not pay down all the debt ever ..... just...keep my lvr low. I should still get a good income after paying for the ip related expenses and loan repayments.
The cashbond idea is another option. Especially to help with serviceability later on in the future. Dont know enough about this strategy in regards to using it as an income stream to live off. Dunno if it would work for me. But may think about it in the future.
I just need to find a way of writing up my plan. Do the cals to see how it will work for me. I need to write up a hypothetical 20 year plan.
I like how you think.
I'm already committed to a strategy similar to what you have proposed. If it doesn't work, the worse that can happen is that I go back to Plan A and sell some IP's. CG tax won't be too much of an issue as I won't have any income, anyway, so my marginal rate will be as low as it gets.
CG tax won't be too much of an issue as I won't have any income, anyway, so my marginal rate will be as low as it gets.
What do you mean by this exactly? Will you keep buying to ensure you pay minimal tax? I keep hearing that when people are becoming too neutrally or postively geared they say they must go out and buy another ip so as to keep paying too much in tax? I need to learn more about this. I think im just starting to see the big picture in all of this.
one good CIP in your SMSF owned outright would stisfy the needs of most people
except when it's vacant for 6 months or more.........
except when it's vacant for 6 months or more.........
except when it's vacant for 6 months or more.........