This is Margaret Lomas opinion. I suggest you learn about trusts and why people use them and make an informed decision for your own personal situation.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by ptn:
A good friend who has a trust said to me … the discretionary trust allows the director (me) to negatively geared against any loss as my current salary is used to pay the difference (short) for my IP.

Your friend is misinformed. You can get the -ve gear affect through a Hybrid trust but not in a discretionary…[Read more]

Terry is correct
You will get tax credits untill the trust makes a profit, then you will be able to claim the losses anginst any profit made.

I believe that expences before you purchase the property are not claimable. The costs incured from inspecting your IP’s are claimable.
Check this with your accountant.

CATA
Asset Protection…[Read more]

You can purchase an IP in a SMSF but a super fund can not borrow money. The super fund must pay cash for the property.

Be careful with SMSF, learn the rules and play by them.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Quote:
Originally posted by brandmark:
[
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…[Read more]

General Q & A this forum is a perfect place for the questions. For personal questions I am happy to answer some questions via e-mail, time permitting of course.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Sure

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

No I don’t mind if you e-mail me with your questions.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I could help from Aus but the UK has different laws that I do not know. Any opinion that I post are from Australian laws.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I think the Family trust is a bad idea. It limits your tax advantages. If you have lots of trusts directing income to a family trust, then the family trust will have a large income eventually. As family trusts can only distrubute to family members, how much can it earn and keep tax under 30%?

This is not something I would do. A corporate trustee…[Read more]

You only get tax credits if the Aus government has a double tax agrement with the country you are dealing in.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Lisa

How it works will depend on what you have and where you want to go with your investing. It may be better to do this vie e-mail as your personal details will be needed for a good assesment of your situation. This will also allow me to give you a cost of different structures for you.

E-mail me.

CATA
Asset Protection…[Read more]

Originally posted by Trade Off:

The structure he might be referring to is a Property Investor Trust which advocates a separate trust for each property in NSW to make use of the land tax threshold.

I would recommend lots of research as there is no indication that the OSR will continue to allow this sort of trust to be exempt from the…[Read more]

I think Derek has it right here. Stamp duty should not change in any structure, as it is worked out on the purchase price.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I have heard that ceramilite can delaminate around tap fittings letting water into the masonite. This will cause swelling and cracking.

Lamipannel is a good product. Can be difficult to cut without chipping so get some advice from a pro for that. The right tools will makeit easier. It is resin so use a repirator when cutting or sanding. Maybe get…[Read more]

Hi Jubb

One type of trust will never fit all. There is some trusts that will suit you more and some would not suit you at all. Purchasing an IP in a trust will limit your exposure to any claims made against you.

Eg. PPOR is in your name, IP in a trust A (some have one trust for each IP, but most will settle for 4-5 IP’s per trust. It is a…[Read more]

Guru Simon – Mortgage Hunter and Life Coach.
Solving all problems financial and mental (well they do go hand in hand sometimes)

Sounds like a niche market for you. [specool]

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

All about unit trusts Terry. Rather than explain it, I will refer you to the summersoft forum. Have a look at “Accounting and Tax” and find “Property Investor Trust- The Facts”

This will explain it for you.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Exactly Michael

You must start with a goal in mind, but be able to change if necessary. The correct structure is important and must be flexible enough to be able to change with you.

What are your long term plans?
What is your investment stratagy?
What are the risk factors involved?
What are the benifits of each structure for you?

I could go…[Read more]

Hi Property WA

Contact me if you would like some info on where to get Ed Burton’s book. I do not want this to sound like an add so e-mail me .

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au