[
Hello Krs,

I have read a bit about truct structures and I know that different forms of trusts have far reaching tax implications. For instance in NSW it is not adviseable to set up a discetionary trust structure to purchase property as that is treated as a special entity and a whole range of tax implications will apply to your property purchase and investment cost thousands of dollars on the long run, and if you end up with a substantial portfolio, it could be hundreds of thousands opver the property life. The main implication is that the trust will not have a tax free threshold. There are accountancy companies that specialise in this area and it can be really complex so advice is required before setting up structures. Trusts can be taylored to suit property investing without requiring tax rulings. caution is required in this area.

Happy investing

quote]Originally posted by krs:

Hello Everyone,

Does anyone know about the implications of having more than one property in a trust structure in relation to having to pay more stamp duty than normal?

I was speaking to my accountant and he mentioned that some of his clients are starting to set up a new trust structure for each property they purchase because of the rising amount of stamp duty that must be paid on multiple dwellings in the same trust. My structure is using a discretionary trust. He is going to do some more research for me about this but thought that maybe one of you “guru’s” might know the answer.

I would greatly appreciate any info you can provide for me.

Thanks heaps
Kel
[/quote][strum]