Residex has predicted (aprox 2 years ago) that Mt Isa will grow by 10-12% per year for the next 5-6 years at least. I find them to be consertave.
I purchased aprox 18 mths ago and have enjoyed steady rent rises and capital gain also.

One example.
3 bed in Sunset
purchase price $137k
Owners rented back for $240/wk

Current rent value…[Read more]

Is the $1500 for a company as trustee and a hybrid trust, or just a hybrid trust?

Minimum of $1100 in fees/yr sounds odd. What if it dosen’t do anything?

I believe that the CGT issues you refer to are for houses that are NOT in Australia. Australian properties are not affected.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Just a quick question, Why is PI different after divorce?
I didn’t think it was. All the fundamentals are the same.

Good luck, I’m sure you will make it even faster now your husbnd isn’t holding you back.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

You can remove your name by going here: http://www.adma.com.au.
top right corner (Do not contact service), or if you ask them to remove your name from the database they must by law.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Monster

The fees can be high for setting a structure in place, but this is a one of expense(for each trust).Ongoing fees should not be too much, a tax return ect. This is a choice you must make, Is it worth the potential risk? Pay now (for trust) and save later (potential law suits and tax). I like trusts!

In what country are you a resident…[Read more]

Sounds like a +ve gear property. I would have used a discretionary trust if it is.

Your questions also centre upon revenue flows and the consequential taxation implications which you should check with a tax expert. I am not an accountant but believe you can stream income as Redwing states.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Sounds Ok. But the $20k you earnt from the units would be taxable, making your taxable income $71k.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I believe that the family law courts will look thruogh ANY structure within Austrailan law, including trusts.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by resiwealth:

Think out side the square of using a trust when developing for CGT and other ATO issues.

This should not be the main issue behind setting a structure in place. Part 4a, tax avoidence.
See you in jail resi, maybe next to my cell.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Yes, a SMSF can buy units in a hybrid trust provided the relevant SMSF deed includes this investment power (as most do) and the manner of investment is not contrary to any of the provisions of the SIS Legislation.

However I am not a specialists in SMSFs and I suggest you seek further advice.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It would be the same as a business. Hold assets in one trust and trade from another, to limit liability.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi resiwealth.

I have seen it done legally. I believe it depends on the Super Fund Deed, but I do not know any more.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Photo’s are old also. The pics of my house still have the tennis court up the street. It was redeveloped about 18 mths ago.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Here is one to think about.

SMSF buys units in a Hybrid trust(some SMSF can do this). Hybrid tust uses monies as deposit for IP.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by tonyy21692:

What can I say, some people will just never get it.

Maybe you should look at from Terry’s point of view. Why close a loophope if it is not necessary?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

We have nothing but problems with Wizard and are now refinancing mainly to get away from them. After sales service was our problem.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Coasty
You seem to have misunderstood what I meant. I am well awear that the trusts assets can still be taken.

I also ust 2 seperate trusts for business, if the have enough assets to worry about. If not I like to keep costs down for my clients(different situations).

I hope this clears he water for you.

CATA
Asset Protection…[Read more]

If just buying shares, then no. Shares are not risky in the sense of the owner being sued,

I have hear of it being done sucessfully terry. People can be sue happy.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi RAMK

A Company will give you very limited protection. I use a Discretionary Trust,some use Hybrid Trusts to get the negative gearing effect.

E-mail me if you want to talk about structures.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I believe the family law courts can and do look through ANY structure that is within Australia’s law.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au