Well, I’m still trying to find a good accountant in Adelaide who knows trusts and has some property investing experience so that we can get the right structure in place before buying anything else.
No luck there, so meantime continuing my own educational journey.
Which brings me to this question – what are the advantages (over a hybrid trust) of this “Property Investors Trust” being touted by Ed Chan and co?
The only advantage (or difference) that I’ve read is that it allows properties in NSW to keep their land tax threshold.
We’re in SA, so what are the advantages for us?
Has anyone set one of these PI Trusts up? I’d love to hear what you think of it.
thanks,
CarlinOriginally posted by carlin:The only advantage (or difference) that I’ve read is that it allows properties in NSW to keep their land tax threshold.
I beleive this is no longer the case in NSW. The rules have changed.
Terryw
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Hi Carlin
There is a long thread on this topic on the somersoft forum and that invested (viewing is free, but need to pay to post).
I think that this trust is a unit trust with a hybrid trust owning the units. Not sure what other special features it supposedly has.
What is the cost?
Terryw
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Parramatta
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