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Thanks for the comments.
Interesting, must say this has made me a bit interested. If I was to do this, would there be anything stopping me from charging myself a high rent in order to always have positive income in the trust so I can take advantage of all the deductions such as depreciation and interest rates? That way leftover profits can just be sent back to me as beneficiary?
As I can see it you can save a lot of money over the years doing this?Good point about the CGT exemption, but in an environment where the prices are predicted to stay stable or maybe fall the next couple of years, I guess the CGT rebate for main residence won't have as much value?
But is it worth the effort to buy through a trust? Or would I just be wasting a lot of time? Should I just buy in my own name?
Any comments are welcome.Cheers
Hi,
Thanks for the replies.
I am new to property investing, but have been reading up on the different kind of trusts available. I guess I am just finding it a bit hard to figure out where to start (solicitor/mortgage broker/accountant). I feel I am ready to take the jump, but am very determined to get the basics setup in the right way from the beginning.
While the trust is just for the family, Hybrid funds seems very attractive to me as they give me the benefits of negative gearing and the general benefits of normal family trusts. But I might be completely wrong and just need a normal trust.
So I am after someone trustworthy who can sit me down and tell me if it is a hybrid trust I need or not, and help me setting it up.
Cheers,
Thomas
