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  • Profile photo of bjsaustbjsaust
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    @bjsaust
    Join Date: 2009
    Post Count: 141
    August 16, 2009 - 10:27 am

    Thanks Richard, gives me a starting point, I can also run numbers for 3 instead of 4.

    – Ben

    Profile photo of bjsaustbjsaust
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    @bjsaust
    Join Date: 2009
    Post Count: 141
    August 16, 2009 - 6:56 am

    Thanks d.davo :)

    Profile photo of bjsaustbjsaust
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    @bjsaust
    Join Date: 2009
    Post Count: 141
    August 14, 2009 - 6:33 am

    As far as I'm aware none of my friends/family use an accountant for anything other than basic Tax purposes, and even then aren't happy. None of them do any investing either.

    Profile photo of bjsaustbjsaust
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    @bjsaust
    Join Date: 2009
    Post Count: 141
    August 14, 2009 - 3:48 am
    Qlds007 wrote:
    Hi Ben

    Regretfully not. If an when you sell the PPOR and it is held in a Trust entity it becomes a Taxable asset for CGT purposes.

    Oh, thats ok. I dont plan to ever sell or move out of this home (I guess things could change but plan is this is it). I'm just trying to work out what the advantages of selling to the trust are?

    Profile photo of bjsaustbjsaust
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    @bjsaust
    Join Date: 2009
    Post Count: 141
    August 13, 2009 - 9:51 pm
    AndrewBuysHouses wrote:
    Now, if property investing is going to be something that you see yourself doing a bit more of, then you have another more complex strategy that is your best bet (in the long term).  Ok, big breath…..here it is!

    Basically, you set up asset protection structures (trusts and stuff), and then you sell your current PPR into the trust.  You borrow as much as you possibly can for that "purchase" by the trust.  You then use as much equity as you possibly can for the new PPR so that your non-tax deductable debt is minimised.

    Hi there,

    Just wondering about this. I know we set up trust/etc for protection, but if you sell your house to the trust doesn't that remove the protection on our PPoR? Its still non-tax deductable debt right? Just a little confused, could you give more info please?

    Thanks
    – Ben

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