Tax QnA - Property Investment Q&A

• TAX Q&A : Property Investments & Wealth Creation

  Our tax experts are on hand to answer any tax queries you have regarding your property investments and wealth-creation strategies. Email your taxing questions to editor@yipmag.com.au read more

• Parental guidance recommended

  My girlfriend’s parents want to buy an investment property, which we will live in and rent from them for the time being. In the future, we would take over the mortgage from them and pay off the remainder of the loan. I was wondering, are we able to take over the mortgage from them easily, or are there tax implications to think about? read more

• More properties for less tax?

  I was wondering how having six or more properties can lead to someone paying little to zero tax? read more

• PPOR exemption and deductions if not rented

  I’m in the process of buying some land and constructing an investment property in my name. Can I move into the house for say one to two weeks without changing it to my primary residence and put it up for rent and claim a period of six year capital gains exemption? read more

• Tax strategies for land developments

  We are developing land in Western Australia. Currently we have a DIA from the council, but are looking for ways to fund the development. A number of options were suggested to us, but we’d be interested to know their pros and cons from a tax point of view read more

• Will renting from my spouse save me CGT?

  My partner and I moved out of my PPOR in Nov 2010 and into a new home in her name. How would capital gains tax be calculated in this instance? Can I lay claim to renting a room from my partner and pay no CGT? read more

• Q&A: Will renting out my home affect my taxes?

  A property investor from Western Australia wants to subdivide, but is having problems with development approval and is struggling with cash flow. Should he rent out his home while he’s developing his plans, and what effect would this have on his tax situation? Read on to find out how our online forum reacted to his conundrum. read more

• Tax talk: living in your investment proprerty

  My wife and I own an investment property in Sydney. We’re renters ourselves, but want to move into the investment property to save more. What would happen if we lived there 3-5 years? Under current tax law, could we turn it back into an investment property after we move out and buy a PPOR? read more

• Joined at the slip: purchasing property through joint ventures

  I want to buy an investment property with two good friends of mine. We’re thinking of setting up a Joint Venture (JV) arrangement. What’s the best way to establish a JV trust? What should I know before I commit? read more