 mail delivered.
Kevin: Oh, yes. Show evidence that you’re actually living there.
Ken: Correct.
Kevin: Can I move to the third part of this situation from Marie? Alternatively, instead of moving back into her principal place of residence in January 2020, could she transfer or gift the house in the capital city to her adult child before that time – January 2020 – by creating a bloodline trust with her as the settler and he as the beneficiary? If she does transfer or gift the house to her adult child, would the capital gains be exempt because it is her principle place of residence?
Ken: You can always do that, but it will be a trigger for both capital gains tax and stamp duty. And both the tax department and the relevant state government will apply market rates at that date, so you can’t call it a lower number. It’ll have to be done at market rates, full capital gains tax, and then obviously, stamp duty by changing the title.
The other thing you have to be very careful of, of course, is that while that place is not your principal place of residence because you’re not living in it – which is different to tax – you have to look at land tax, because maybe you’ll need to start paying land tax. And the various state governments have got different land tax rules dependent on whether the property is in a person’s name or in a trust. So they have different rates to calculate land tax depending on the structure.
Kevin: A lot to get through there, but I want to thank you, Ken, for helping us, and Marie and also Andy, thank you for your very good questions.
Ken Raiss from Metropole Wealth Advisory. Thank you so much for your time.
Ken: Thanks, Kevin.Equipment and solutions from Harken Industrial™ are designed to increase operator safety, reduce worker fatigue and enhance productivity for those working at height. We have learned, from our sailing heritage, that lighter weight and less friction are better. Equipment is more mobile, your team is safer and more agile. By adhering to safer working practices, teams can become more efficient and reduce operating costs. Harken Industrial’s product line includes fiber rope winches, pulleys, trolley and rail systems, static attachments, as well as rope ascent and descent products. Our products are being actively used by industries and applications, including high-rise construction, architectural maintenance, facilities management, oil and gas utilities, and wind power.This is a partial transcript from "Hannity & Colmes," August 2, 2004, that has been edited for clarity.
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SEAN HANNITY, CO-HOST: What about the big post-convention bounce that John Kerry was supposed to be enjoying? Well, according to the new "Newsweek" poll, Kerry's post convention bump, well, has been less than expected. He leads Bush 49-42, but it is only a four-point bump, which is the smallest in the history of that poll after a convention.
And ABC/"Washington Post" poll also shows a four-point bump for Kerry, and has the senator leading Bush 50-44. But ABC News described the bump as tepid. And the new Gallup poll actually has Kerry losing ground. The first time that a candidate has lost ground after a convention in that poll since George McGovern in 1972.
President Bush actually leads in the Gallup poll 50-46. With Kerry having dropped four points, he also lost one point in the Rasmussen poll.
So what happened to Kerry's buzz? Joining me now is Kerry campaign senior adviser Michael Meehan. How are you doing, Mike?
MICHAEL MEEHAN, KERRY CAMPAIGN SENIOR ADVISER: Hi, Sean. How are you?
HANNITY: All right. I don't care, if you balance them out, you've got Rasmussen and Gallup-"USA Today" versus ABC and "Newsweek." So bottom line is, if you measure them together, no bump. None. It can't make you be feeling too good there?
MEEHAN: Well, we actually came into the convention with a galvanized Democratic base. Our nomination was essentially sewn up in March. So when you come in with the Democrats already energized, there is not much room.
Each one of those polls you just put up shows there is only about 5 percent undecided. So the room for growth isn't great.
We did make gains on some important dynamics. One is, in that "Washington Post" poll, 52-44 think John Kerry is better trusted to be commander in chief of the country against the sitting president during wartime.
HANNITY: The ABC internals showed just the opposite. On the war in Iraq, on the war on terror...
MEEHAN: 52-44.
HANNITY: On the war in Iraq, on the war on terror, and issues of national security, by far the president has a significant lead over Kerry. More importantly, the internals of that poll and an internal poll in Massachusetts show that John Kerry is not viewed as somebody that takes positions and sticks by them.
Sixty-four percent show the president is a guy that has convictions and stands by them. Only 24 percent see John Kerry that way. Isn't that a big part of his problem? People think he's just doing whatever is politically expedient?
MEEHAN: No. Actually, in the "Washington Post" poll, Kerry leads by 8 on “who do you trust as commander in chief,” the very same poll you're quoting. And on Iraq and on terror, since the beginning of the convention, in the seven days later, we've gained double digits on Iraq, double digits on terrorism. We have a 20-point lead on health care. We have a 20-point lead on education...
HANNITY: Michael, when you got a bump in the one poll, the "Newsweek" poll was the smallest in the history of that poll. You lost 4 points in the Gallup poll. Four. How do you lose points — wait a minute — historically, it was the lowest bounce since 1972. You can spin all you want, but you've got to admit if you're honest that you're not happy that you didn't get a bigger bounce. Why can't you just be honest and admit yes, we wish we had a bigger balance? Why don't you admit it?
MEEHAN: If the election were held today, we've got 52 percent of the vote. That means George Bush would lose and we would be in the White House.
HANNITY: Michael, why can't you admit...
MEEHAN: We are very happy where we are on August 2.
HANNITY: Why can't you answer a question? Are you unhappy you didn't get a bounce? Admit it?
MEEHAN: We're very happy to be defeating an incumbent president in the poll by six or eight points.
HANNITY: Can't you be honest?
MEEHAN: Actually we're ecstatic, Sean.
HANNITY: I know. You're ecstatic. I know, everything is perfect. Let me ask you this. We were just talking about national security issues, and I brought up this quote of Howard Dean. Now, Howard Dean is a supporter of John Kerry. He's out on the campaign trail for John Kerry. And he went on this interview and suggested that this terror alert that came out and this announcement by Tom Ridge over the weekend may be about politics.
He did it without any evidence, proof or substantiation. This deals with our national security. As a friend, supporter and spokesman for the Kerry campaign, shouldn't John Kerry come out publicly and say that what he said is wrong?
MEEHAN: He did. Today, actually. On the record.
HANNITY: He said Howard Dean was wrong to say that? He said that?
MEEHAN: Yes. He completely disagreed with him. Yes, and in fact...
HANNITY: He said it publicly?
MEEHAN:... the first guest on your show verified that. Yes. Your first guest on the show tonight when you asked them, verified that.
PAT HALPIN, GUEST CO-HOST: Mike Meehan, by the way, we should remind Sean that Howard Dean is not the nominee. He lost ever primary he was in. By the way, congratulations on the great convention. It was awesome.
MEEHAN: Thank you.
HALPIN: But don't take my word for it. Republican pollsters, Sean knows this guy.
HANNITY: Dean did win Vermont, by the way.
HALPIN: OK. He won Vermont. That didn't count. Frank Luntz, the Republican pollster had a focus group in Cincinnati watching the Kerry speech. And he had 20 undecided voters in that focus group, who were randomly selected. Fourteen of 20 undecided voters in the room gave John Kerry very high marks. And four who said they actually voted for Bush four years ago, changed their minds and said they are voting for John Kerry. That sounds to me like you're on a roll.
MEEHAN: Well, I agree. I think it's because of the type of case that John Kerry put forward in his own voice in that speech on Thursday night. People saw somebody who is ready to be president. He's the right man for the right time.
The kind of energy we're getting on the road, Scranton, Pennsylvania, 20,000 people. Twenty-five thousand people in Grand Rapids