Search results

Hi All, I wish to sell shares purchased within a family trust and use the proceeds to pay down my PPOR. I would obviously like to minimise CGT! For round numbers lets say that I have a portfolio worth $300k with $100k profit. I have approx $100k Profit (CGT) to minimise and could...

Hi all, Thinking seriously about LOE (Living off Equity) starting early next year. Here are the numbers: Current Assets: $2.31M (incl PPOR) Current Liabilities: $1.298M LVR: 56% Income required to cover annual expenses: $40k Note 1: The low amount of $40k pa is due to Frugal living (see...

Hi guys, I am trying to do "what if" scenarios on a property to see what potential profit would be achieved If i subdivide. Need to work out what CGT would be paid if I subdivide and sell . Facts are: Land size = 800m2 with 1 freestanding dwelling on it. Wish to subdivide, creating two...

Hi All Im not sure if this has been posted on somersoft before but I found this tool on the Genworth Financial website which I thought would be useful for people to work out how much the LMI (Lenders Mortgage Insurance) would be with different LVR scenarios regards D Money...

Hi guys, can anyone recommend a good plumber who is reasonably priced and performs good workmanship. The job is for the eastern subrbs sydney. The rough scope is Kitchen - install Hotwater heater, new sink + flick mixer, washing machine hot and cold points Bathroom - install new vanity...

Hi guys I was hoping for some advice from the gurus with legal knowledge / experience on Body corporate dealings. · We have purchased our first PPOR and wish to remove internal walls and install floating floors into our apartment.The unit is in NSW · We have had a structural engineer provide a...

Hi, Does anyone have a checklist they have used to sell a property ie 1) Find an agent (How to select them?, what questions to ask them?) 2) Get contract of sale drawn up by your solicitor 3) etc 4) etc The property is in Vic if this makes any difference. cheers :)

I currently have an ANZ credit card with a $1,900 limit. I wish to increase it to a $3,000 limit. I have already received pre-approval letters from the bank etc for this amount. I would prefer that the limit increase does not appear on my credit history, as it is already crowded with loan...

Hi all, First time poster , so bear with me... I found this article interesting with its reference to Mortgage insurers being unable to pay the banks etc once the defaults happened en masse. http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=1&virtualBrandChannel=0...