I am planning to offload my PPOR and an investment property to an established HDT, I have chosen this way because firstly the PPOR will enable me to free up funds and not subject to CGT, I can use the money to reduce another loan and claim the next property to be my PPOR, secondly I still want to control these properties which have growth potential but under the trust structure.
Did anyone see anything wrong with this idea?
Did anybody know whether it is feasible to distribute cash out from an HDT to other related beneficiaries who are not australian resident, will the tust liable to pay tax by doing so?
Many thanks.
Hi Maddy
I have merged the two threads as they were on the same topic.
Derek
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http://www.pis.theinvestorsclub.com.au
0409 882 958Hi Maddy
I think you will find you can distribute to non residents (if they are beneficiaries), but there is a withholding tax of about 30% – at least.
Terryw
Discover Home Loans
Parramatta
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