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You're welcome to down vote but it's clearly stated here: https://community.ato.gov.au/t5/TaxTime/Gifting-a-large-sum-of-money/td-p/106196

That doesn't sound right. The ATO state that if money is gifted for personal reasons, it's not considered as taxable income. However, if…

We don't have a gift tax in Australia. CGT & stamp duty are unavoidable when transferring property, unless it was part of the will of my…

Unfortunately this seems to be the cost of transferring ownership.. unless it's done as inheritance when the surviving parent passes.…

The investment loan would be used to pay for the value of the investment property ~$500k. The inheritance gift of money would be equivalent…

Thank you. Definitely with the pandemic and low vacancy rates, it would be considered high risk even if we can show that it's been…

Thank you. My preference originally was to take an investment loan to purchase the property, transfer the value of the property to the…

I offered to manage the property for the surviving parent when it appeared stressful for them. However they prefer to start distributing…

Thank you, this is what I was thinking before they decided to gift me the property. Take an investment loan to purchase the property. The…

It is being rented out.

You're right that the total amount of debt is the same. However a PPOR has a lower interest rate & isn't something that you can claim back…

They are gifting it to me. I don't **have to** take an investment loan. I **want to** take an investment loan so that my debt is split…

That is the scenario that I want to do. However, I'd like to minimise the CGT that they need to pay. I'm also unsure of the rules around…

Thank you, yes I'll need to budget for this annually. Maybe $10k set aside.

You are correct that I have below average financial intelligence. Scenario A) is correct. There is no need for the investment loan. However…

thank you, looks like stamp duty will be ~$25k

Sorry the scenario I explained may not have been clear. I've updated with more details.

One of my parents passed away and they owned a 2 bedroom apartment in Melbourne. Having to deal with a demanding tenant (via a property…

The footing is over the boundary by a significant amount. Cutting the footing may impact the stability of the structure - we're unsure of…

> Firstly what is the issue with it? We are planning to renovate and build on the boundary. This encroaching structure impacts on that. The…

Thank you for your response. > Two items here, the first of which is the fence misalignment and secondary is the structure which…

> I guess I was too excited to find openly minded people living here given the other places nearby achieved it :( Why didn't you purchase…

Have you taken time to understand your neighbours and why they've chosen to live in these units? This may not be an entry-point to the…

I've previously stated that in my opinion the structure is encroaching on my property. I haven't stated this as a fact as the council…

Same logic applies, *owner-occupiers* would still play the system in favour of investors. The bigger problem is property ownership. If…

I thought that councils love to issue a *'notice to comply', especially when they can threaten the owner with a fine. I've even received…

> I'd rather China control the councils than the Greens… Have you really **thought** this through?

I don't follow your logic on this one.. Ideally everyone would be able to own the property that they live in.. but by inflation of property…

Were you replying to *WreckTangle* or my response? If you were replying to me, what part about the comment was *"idiotic"*?

@WreckTangle: > So, you’re trying to make your neighbour financially liable for a structure they didn't build. I'm not trying to make my…