All Topics / Legal & Accounting / Trust question

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  • Profile photo of vyaw2003vyaw2003
    Participant
    @vyaw2003
    Join Date: 2006
    Post Count: 188
    August 30, 2018 - 4:49 pm

    I am looking at setting up a trust for me to buy a new property (lower tax rate).
    I am just working out my finances now for the deposit.
    Would I be best to pay the minimum deposit? Or pay 50% of the purchase price as deposit (as I have the cash to also do this)?
    What are the general advantages of each and which is the best way to go on this?
    This is beyond my accounting skills.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 30, 2018 - 9:57 pm

    Why are you paying the deposit? get some legal advice on whether you should lend or gift to the trust. if lending, should it be interest free or at market rates.

    COnsidered all the issues with a trust? Could end up paying more tax.

    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 2 posts - 1 through 2 (of 2 total)

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