Search results

  1. J

    Section 118-192, what is 'income time'?

    Hi SSers I have a specific question that is hopefully easy to answer. I have post-1996 PPR that I'm vacating to move to a new PPR. The old property will be rented out. I would like to ensure that the CGT cost base is reset on the old property as per section 118.192 (reproduced below for...
  2. J

    loans.com.au vs State Custodians

    Hi investors, I'm looking to refinance property 1 and getting a new loan for property 2. Combined loan is approx 600k. Preference is not to cross-coll, so will be 2 loans. 80% LVR, IO, and variable rate on both. I'm wondering if any SS folks have any opinion about loans.com.au vs...
  3. J

    Unit trust advantages

    It seems common practice to sell a private property to a unit trust which may mean more deductible interest. Other than maximising tax deductions, what are the other advantages/purposes of holding a previously private property in a unit trust? I believe asset protection is NOT one of those...
  4. J

    CGT cost base question

    CGT cost base reset - section 118-192? Hi folks, Say I have a PPR but I 'did not move in as soon as practicable', say I waited a month before moving in from my rental. So I would say I don't have 'full exemption'. In 5 years I move out of that PPR and then rent it out. Will the CGT cost base...
  5. J

    (Vic) Buying out spouse's share

    I have a similar situation to this gentleman: http://somersoft.com/forums/showthread.php?t=86993 My wife and I have a house in Vic as joint tenants. It's on a standard P&I loan and due to extra repayments it is now only owing 1K with 150K redraw available. The house is worth 400k. If I do...
Back
Top