Try Adrian Hill
Superior Tax Solutions
superiortax.com.au

I am in Bris and I use him in Mt Eliza

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Ed Burton’s is a good starting point.
“Bulletproof Asset Protection”

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Zimonya

HDT’s are a complex beast. Operating losses can not be distributed to any beneficiary. Losses must go back to the unit holder(in most cases).

Here are some basice for HDT’s.

You borrow money in your name.
You purchase special income units in a HDT.
HDT then buys property.

You can use the intrest on the loan as a deduction against…[Read more]

“First Things First” by Stephen Covey

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

After 80 years the trust can be resettled and can continue for another 80 years.

The income distributions can be shown as loans, therefore loans can be called back and used inside the trust for future expansion of your empire. Insert good accountant here. This is one possibility.

HDT losses must go back to the unit holders, but your HDT should…[Read more]

Had to come out sooner or later.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

The bank would require the director of the Pty Ltd company to go garantor for the loan, and is responsible.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Beneficiaries can be added and removed but it will depend on the deed how it is done.

Some deeds (the ones I use) allow the addition/ removal of benificaries via a minute entry. Cheap, easy and painless.

Others will need resettling. Expensive, possibly messy and can leave loopholes in the deed, but if done well is ok.

Family Trusts- can only…[Read more]

Hi Len

The trustee’s name asthe trust is not a legal entity and can not make decisions for itself.

Hopr this helps

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Transfering titles can be expensive, with stamp duty and CGT. There are tax benifits in trust and taxavoidnceis illegal, but tax minimisation is not.

‘If you pay more tax than you have to, your a bloddy idiot”
Kerry Packer

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Cover everything that you can think of. Sit down with your cousin and brain storm for ideas eg % of ownership, a get out clause if either of you want to ect.

Even the small things can become big things if it goes sour.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

As director you can be personally liable. If the director has no assets or is in debt it is an advantage. Some creative morgages are great here.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

A “Market Linked Life Bond” is tax free after 10 years (unless the laws change in the meantime). This particular life bond also gives you the opportunity to invest with the big boys (min $100k US or more per fund) for about $10k US.

There is many ways to invest and I suggest you use a Broker that knows all the tricks of the trade.

HisChild
You…[Read more]

And imagine if it was tax free when you bring it back to Aus as well. Legally.

It’s all going great. If you want to know more I will be contactable via e-mail.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by Cata:
I recently found a managed fund that paid 13.5% in August.
Yes 13.5% in one month.

I might stick my million there.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

The same fund finished the year at 77.32% and looks good for a while yet.
That’s $773 200 on the mill without doing anything.

CATA
Asset…[Read more]

Terry has made some great points.
There are different types of trusts to take into consideration as well.
First decide on your investment stratagie and the find a trust to suit your needs now and for the future.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Dr X has it right.

Pty Ltd company as trustee must be cleanskin with no trading history.
The trust you use will depend on what you are doing. Probably either a discretionary trust or hybrid discretionary trust.

E-mail me if you want to chat.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

The ATO can clamp down all they like, if you are following the laws then there should be no problem.
As for the law. the pollies wont change laws that affect themselves, would they?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It is a commercial cleaning bus. that employees 1 f/t and 3 p/t staff.

Owner claims 10hrs/wk
Pays himself 46k
21k to super
19k profit to be distributed
Home bassed

Still sounds OK to me.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Grant7

Who set up the trust for you and why was it not done by them?

I do all this for my clients as part of the service.
The ABR website is a free service and should take you about 40 minutes.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au