If I lend my mother-in-law $250,000 and take equity in her current home can I then use that as an investment property and get the tax break? I assume I would need to go to a solicitor and draw up an agreement, and specify a percentage of her current home. Maybe 20 per cent. Can this work?
You’d be paying 70 per cent of the cost and 30 per cent would be the tax break. I can’t see this being a practical solution. This is why you need to think strategically when making a downsizer contribution, because you can only make it once in your lifetime. For example, if your super balance was $1.6 million, and you had money available to make a non-concessional contribution of $300,000, you should make that before the downsizer contribution.
Death does not trigger capital gains tax , it passes the liability to the beneficiaries, who pay CGT only if and when they decide to sell the property. This should not be a problem if your son continues to live in the property – as time passes the CGT should reduce because it is adjusted for time on a pro rata basis.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: theage - 🏆 8. / 77 더 많은 것을 읽으십시오 »