In very limited circumstances, in NSW a property can be transferred without paying transfer duty. Townsend Law’s Jonathon See explains.
property
Property investment versus investing in life settlements
Investors looking for income can find sustainable returns from life settlements without the costs and leverage of being a property investor.
3 tips to help reduce capital gains tax
If you have sold an investment property, shares or other investment asset in the last financial year, you may be liable to pay Capital Gains Tax.
Property investment vs investing in life settlements
Life settlements as an investment might have many of the prized characteristics that investors love about property.
With 700 new retirees each day, where will their income be found?
An increasing number of retirees are seeking ways to live in their homes and find other sources of income to support their lifestyle.
Deadline approaching to review discretionary trusts
An important reminder that discretionary trusts that have already sold all residential properties before the deadline of 31 December 2020 could still be assessed for foreign surcharge purposes under the new NSW laws even if the trusts have already been wound up.
Downsizing is not for every retiree
With around 76% of all seniors owning their property outright there is an opportunity to downsize but it is no ‘silver bullet’ solution.
Securing assets of an SMSF for the short term
You see a property that you want in your SMSF but there’s no time to arrange a bank loan before you must finalise the purchase or miss the property. Let’s lend the money ourselves and then refinance shortly thereafter.