All good advice here and I need to add nothing, but as I have not posted here for a while I just wanted to.

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

I have not been there for a while, but believe it to be difficult to rent anything in Hervey Bay due to the fact that people are retiring there. This would lead me to believe that most people moving that way would be selling where they are and purchasing somewhere to live in Hervey Bay.

In short, moer owner’s than renters.
Just my thaughts tho.…[Read more]

I am currently in talks to halve my portfolio exactly, but she wants more than her fair share considering that it comes from my hard work.
[jerry]

Divorce is great, isn’t it…..

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

Exactly Property WA.

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

I believe that Ed Chan’s book has been outdated by new laws….

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

Exactly Richard

The stamp duty goes to The “Office of STATE Revenue”.

CATA
Asset Protection Specialist
colin_wardle@hotmail.com

The short answer would be no, not much will protect you from marrage (currently finding out the hard way[wacko]) There is not much the family law courts can not access in the case of a marrage breakdown. They do however take into account the assets you come to the relationship with and the assets you build together.

Hope this helps

CATA
Asset…[Read more]

Stamp duty goes to the Office of State Revenue which varies from state to state.

CATA
Asset Protection Specialist
colin-wardle@hotmail.com

Thanks for the online support guys and gals.
I have good days and bad days, but am looking forward to a brighter future.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

You are basiclly selling the property to the trust and will encur all relevant costs.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by joshadelsa:

There is a company that I have dealt with in NSW called Chan & Naylor who have developed a Trust designed specifically for the purpose of holding property called the ‘Property Investor Trust’. I believe it similar to a unit trust and actually allows you to take certain losses out of a trust which is one of the…[Read more]

Originally posted by doublek:
how difficuilt is it to get a trust?

if you are investing in your 1st IP and plan to invest more in the future is everything you invest in go under the first trust fund you open or do you need more than one eg: 1 trust for each property, or does your whole IP portfolio go into the 1 trust

thanx

Every stratagie has…[Read more]

In my opinion, you will need to define your Unique Selling Position (USP). In other words, why should I go to get fish and chips from you instead of down the road?

This USP should have NOTHING to do with price points. Not that pricing is not important, but what is so special about your store, and use it in your marketing.

CATA
Asset Protection…[Read more]

Bulletproof Asset Protetion – Ed Burton
Trust Magic – Dale GG

Depends on what you want to do. There is plenty of info on this site if you do a search also.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

A bonus for Queensland investors as entities are not grouped (yet anyway) for land tax purposes.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by mcdeyess:
Hi all,

I have been looking into how trusts work so I have some idea of what is going on when I meet with my accountant next month. Many thanks to Cata and TerryW in particular for their previous posts, these have been most helpful in getting some understanding of discretionary and Hybrid trusts.

NO PROBLEMS,…[Read more]

Banks and the ATO have no issues with trusts as long as they are used within the law.

As for the Proterty Investors Trust- try the search function and remember that the laws have changed since Ed Chan wrote that book.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by elkam:

When I asked how can you avoid paying CGT they said that as a non resident you can accumulate losses and use these to offset CGs.

This can be done as a resident. When using a discretionary trust losses are stuck in the trust untill the trust makes a profit eg CG or in your own name with a amendment.

I am no…[Read more]

If you are investing in Australia, and living in Aus, be very careful with the use of offshore structures. The ATO frowns on this and if you get audited, well good luck.

The only reason for the use of offshore structures is for tax avoidence.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I believe that a SMSF can invest in units from a hybrid trust and the rest of the money comming from yourself.

However I am not lisenced in this area, so do your own research.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au