4 year claw back on bankruptcy.If you are not in a high risk industry and dont forsee yourself going broke you can still transfer to trust. You would need to do it asap, so your 4 years will be up. If you leave it in your own name your are still the in same situation, that you can loose it. You will have to pay stamp duty and CGT as you said, but…[Read more]

You always need to get the structure correct from the begining and be prepared to pay for the setup and cost involved, it will save you money down the future.Buying in a discretionary trust, you cannot distribute the losses, so therefore there is no tax benefit to yourself. In NSW you will also be up for Land tax.If you are buying to reduce your…[Read more]

Hi Janebell,I'm an Accountant in Sydney if you still need help please look up our website http://www.callaughanpartners.com.au and get intouch with myself. For these sort of problems you need all the facts before trying to give any advise.BradCallaughan PartnersAccountants & Business Advisors

Hi Cam,You should sit with an accountant who can talk you through the structuring side of things. Just quickly. You have a corporate trustee for asset protection, it should be a $1 company and that is all. You will need to have another company to distribute to as a beneficiary for tax purposes. The Benefit of this is keeping your tax payable…[Read more]