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Amy L.
Amy L.
Cranbourne South, VIC
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0 Followers

Hi
My mum brought a house for around 400k outright but was short 70k so my sister got a loan for the amount and then went onto the house title..we all live together but my sister is now moving out and wants me to take over the loan amd she want to get off the title..
Firstly: what is the cost to just remove her and leave my mum on the title?-is there stamp duty involved?
2nd: if i get on the title what will the costs be?? Will it be calculated only on the 20% my sister put in if i was to do tenant in common or the full market value??..i also work fulltime and have an investment property amd never applied for FHOG and i have a pension card and so does my mother...
Will us both being on a pension card wipe out the stamp duty ?? If i am only being added to the title..
We will have to refinance the 70k borrowed so the loan is in both our names or just mine

last year
Ben A.
Ben A.
Hamilton, NSW
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0 Followers

I have $350,000 in super and thinking of using to fund a property development in Brisbane where I can buy the property, move the existing Queenslander to own side and create space for two townhouses. The sale price is around $800,000 and I will need about $500,000 to build. I’m 53, not married, no kids and earn $180k a year. Own my own home and have an unencumbered investment property valued at $600,000. The idea would be to sell the property in Brisbane is 5 years to help fund retirement. Is this a good idea ?

last year
Glory B.
Glory B.
Curramore, QLD
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0 Followers

We have a 108 acre farm in Qld which is registered for GST and has been in steady operation for 12 years as a beef cattle farm. We are planning to sell the farm and understand that GST will be payable unless we sell it to another party who wants to carry on farming. We are in an area where the lifestyle buyer will probably be the more likely buyer so we are wondering about ways to get around this. If we wind up the partnership and sell all the cattle and do not operate as a farm for say 6 months to a year and then sold to a private buyer, would the sale be GST exempt?

last year
Ian C.
Ian C.
Sandy Bay, TAS
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0 Followers

SMSF. I have worked at 2 jobs in the beginning of 2017 - 3 days a weeks a Permanent employee, the other job doing odd jobs as self employed.

I stopped the odd job role in 2017

Under the superannuation rules is this ceasing of an employment arrangement, yet still being employed as a permanent part time worker, sufficient to move me into retirement mode for my SMSF fund?

If you can locate and include any references it would be appreciated.

I am 63 years of age.

last year

Hi
My partner started a retirement security plan with National Mutual (then AXA and now AMP) in 1981 when he commenced empkoyment at 19.Now, 40 years later, the account balance is $80000.The fees are very high, however, there is also an exit fee of currently over $6000 payable if he was to change funds.Did the Royal Commission look into this exit fee rip off.Would he be better to transfer funds to a good industry super fund and suck up the exit fees.He is not working at the moment, but we will have some money to put into super when our investments mature just aftwr his 60th birthday.

last year
Dale A.
Dale A.
St Kilda, VIC
2 Likes
0 Followers

There are three partners in the business, it’s a digital media business. I work in the business full time, one partner is part time and the other works a full time job but helps out every now and then. I am wanting to put a shareholders agreement together but the others are assisting on equal share each. I am finding this difficult as I’m doing 80% of the work and generating the little revenue we have and it has become a bit of a disincentive to work harder as the rewards are not commensurate with the effort and contribution. How do I handle the predicament respectfully so everyone feels it has been handled appropriately and we can maximise the opportunity? Thank you

last year
J T.
J T.
Potts Point, NSW
4 Likes
0 Followers

Hi there,

As I get older I start to think about insurance more. I wonder if it’s better to have a Life and Trauma policy with connected benefits, Trauma Plus, buy backs ETC or is it better to have comprehensive Health Insurance?
I realise I need to decided what’s best for my and all that Jazz, but as professionals in the industry what’s been your experience with things like this and if it was you, what would you opt for ?

Thanks.

last year
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