Thanks to those who replied.

There is one point I’d like to raise, which is based on the latest WealthGuardian 2005 (page 77). It says “…there are some key advantages to using a hybrid trust so that tax losses can flow through to beneficiaries rather than remain locked inside the trust structure”. Unfortunately, no explanation was given.

This…[Read more]

Thanks Terryw!

1. In relation to distribution of income, I can understand that for the purpose of claiming deduction on interest of the loan you must have used that loan for income producing purposes. However, in light of HDT is it still possible to distribute some income to other benefeciaries other than the member who borrows from the bank? Can…[Read more]