All Topics / Help Needed! / Structure – New PPOR and investments

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  • Profile photo of HaddyHaddy
    Participant
    @haddy
    Join Date: 2012
    Post Count: 2
    February 13, 2013 - 2:48 am

    Hi, we have sold our PPOR and are currently looking at purchasing a new one.  We are also new to property investing and are looking to purchase 3 residential property investments this year.  My husband works for a company and I am currently not working, so we don't own any businesses.  Would we be best to put our PPOR and investment properties in to trusts.  What are the advantages and disadvantages?  Thanks 

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    February 13, 2013 - 3:04 am

    Hi Haddy

    Welcome aboard.

    Your question is too broad to give a decent response.

    For what reason(s) are you considering trust structures?

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of HaddyHaddy
    Participant
    @haddy
    Join Date: 2012
    Post Count: 2
    February 13, 2013 - 3:14 am

    Hi, one of the main reasons is protection from getting sued from tenants (although we would have the relevant insurances).  

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 13, 2013 - 5:26 am

    Tenants would still be able to sue the owners of the property = the trustee of the trust.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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