It’s not often that a person gets the chance to inherit the estate of someone who is not a member of their family. But it does happen and has its own particular issues.
property
Expat borrowing for Australian property
Many Expats first contact their bank directly, only to be told it can’t be done. Often this creates an assumption that if their bank does not lend to Expats, then no bank does.
Myth busting the view that leases need to be assigned when selling a property
It’s a common misconception that selling a property means an existing lease agreement needs to be “assigned”. What is an assignment of a lease and when does this need to occur?
Online hub launched for expatriates: Expatme
An online hub for expatriates to maximise their overseas experience and ensure they capitalise on investments while away has been formed. Expatme is an alliance of companies that provide international support to Australians who are either moving abroad, living abroad or coming back home.
Mortgage broker says 3% mortgage still possible
Mortgage broker James Grima says it still possible for borrowers to secure mortgage rates that start with a ‘3’. Mr Grima said that sub 4% interest rates are possible if borrowers are prepared to accept principal and interest loan repayments on their home loans.
Downsizer contributions ready for 1 July
The downsizer contributions measure applies from 1 July 2018 and permits individuals to apply the proceeds from the sale of a current or former principal place of residence as an additional superannuation contribution.
Best to start LRBA in SMSF before July
The proposal to include LRBA debt in total super balance is an incentive to start an LRBA before 1 July 2018 as existing LRBAs will be grandfathered.
Further ASIC guidance for accountants providing SMSF advice
If Homer had told you he wanted to invest in property and asked how he could minimise his taxation obligations, as his tax agent you perhaps could have discussed the benefits of self-managed superannuation to achieve tax minimization.