AVD replied to the topic Using super to purchase property in the forum Hi
You can now purchase 16 years, 4 months agoHiYou can now purchase property in your Superfund thanks to new Instalment Warrants which have now been ok'd by the ATO (as long as they are set up properly!).If you have a suitable amount already in Super you can buy property with these warrants and gain the advantage of paying no tax in retirement and the interest rates on loans for these…[Read more]
AVD replied to the topic TRUST STRUCTURE / INVESTMENT VEHICLE RECOMMENDATION in the forum Legal & Accounting 16 years, 4 months ago
Hi DIYYou do use the trustee company name on the title, as the company is trustee for the trust the two are entertwined. You can purchase in the name of the trustee co as ATF the trust, but a lot of places pefer just the trustee company.As for the investment company/trust set up query – your thoughts are generally what a hybrid trust does. You s…[Read more]
AVD replied to the topic Investment Trust – Recommend a Bank in the forum Legal & Accounting 16 years, 4 months ago
You can use any type of account, it's just a matter of shopping around for what is best for you. It does not need to be a business account, it can be anything.Alysha
AVD replied to the topic Asset Protection for Residence and investment – which trust? in the forum Legal & Accounting 16 years, 4 months ago
HiTransferrng current properties into a trust will have stamp duty and potential CGT issues so he should get some advise and possible speak to a legal advisor before doing so as to what his other options are regarding a will etc..You really shouldnt have your PPOR in a trust unless you plan on using this as in investment propery in the next few…[Read more]
AVD replied to the topic Loan discharge fees – Deductable? in the forum Legal & Accounting 16 years, 4 months ago
Hi!Generally borrowing costs are amortised over 5 years or the life of the loan, whichever is shorter. The old borrowing costs on the loan you are paying out that you will currently be claiming over 5 years are amortised in full the year that you refinanced.Regards,Alysha
AVD replied to the topic Negative Gearing and Name on Loan in the forum Legal & Accounting 16 years, 4 months ago
If the property is bought through a Hybrid Trust then whoever is issued the Special Income Units is the person that benefits from the negative gearing. Generally the higher income earner as they get the biggest advantage tax wise.Regards,Alysha
AVD replied to the topic Good Depreciation Schedule in the forum Legal & Accounting 16 years, 4 months ago
Also, CMR & Assoc. in Melbourne are good, just another suggestion.Alysha
AVD replied to the topic Accountant in Melbourne in the forum Legal & Accounting 16 years, 4 months ago
Hi!I actually work there and am very happy to give you more information, if you email me at [email protected] I can tell you anything you need to know.Kindest regards,Alysha