I went to the one in Clayfielf (Brisbane) a few years ago and was told that one IP per year is unrealistic.

Have not been back.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

http://www.superiortax.com.au

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

That is correct Cia.

It may get a bit tricky, you borrowing money to buy units in a hybrid to but a house off yourself. I am not a loans broker but you should be able to do it. Terryw would be able to help here.

Then you will have cash to play with after the sale. I hope you have plans for it.

CATA
Asset Protection…[Read more]

Sounds like a great idea Cia. The trust structure has many advantages, including Asset Protection and Tax Minimisation.

What sort of trust are you thinking off?

If the property becomes -ve grared inside the trust the losses will be stuck in the trust untill the trust becomes +ve.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Is that how you have gotten so many posts Terry, just post it twice.

Why did you go to an accountant and ask about HDT’s. They have there place but I think the question that should have been asked is, “do I need structuring and if so what sort of structure?”
Then ask “Why?”.

All trusts have there advantages. As Terry mentioned, Asset Protection…[Read more]

I will come back to this later when I have more time. There is some questionable advice there, but I agree that HDT’s are not the only way to go.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It usually involves selling th IP to the partner, so the usual cost involved in selling will be charged eg. CGT, Stamp duty ect.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by ptn:

Do my DT have to have a company component? I plan to have my wife, 2 kids and mother in-law as trustee. Will this complicates the process?

Did you mean trustee or benificaries?
You should be able to do contracting from your trust but the distributions will be affected by the 80/20 rule. If more than 80% of the income…[Read more]

Beautiful place. I invested in some R&R while I was there,but it was not the only reason I went. Not for Property.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I’ll keep you posted on how to find us.
Look forward to meeting you.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

The only people who think HDT’s are “grey” are the onerwho know little or nothing about them IMOP. They have there pros and cons, but still are a great structure

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

For the Brisbane Young Investors,

Some of us are getting together on Wednesday 2 August at the Breakfast Creek Hotel at 7.30 pm. Not just for young investors tho.
I am 30 and would like to meet some of you guys.
Hope to see you there.
[specool]

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Anyone intrested in coming please add a post on this link at Summersoft.com

http://www.somersoft.com/forums/showthread.php?t=26375&page=3

Just to confirm total numbers.

Thanks

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I know (hick) the feeling Richard
And this is me after 6 [sick3]

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Thanks for nominating me Richard. How about I buy you 2 beers and you can do the talking for me.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Just an informal meeting for starters.
Maybe if there is enough intrest we can look at something more next time.
As for the professionals, Some who have said they would come are of a profesional background.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

This is not a seminar, just some like minded people getting together to discuss some ideas.
7.30 pm
August 2nd
Breakfast Creek Hotel.
as posted in a previous post
No charge, but if you want a drink it’s your shout.

I’ve got a summersoft.com member bringing some of them also.
Should be a good night.

CATA
Asset Protection…[Read more]

How long are you planning for the reno’s to take?

There may be some tax advantages of other structures, depending on how long you will hold the property.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I will explain the different structures in general terms.

Company
A company is a seperate legal entity that has it’s own existance and own common and tax laws. Provided the annual reporting and tax obligations are met, it can live forever. It has many rights and obligations that an individual has but there are also many laws unique to companies,…[Read more]

Between your wife and yourself as directors, that would depend on what you both do for employment. Are they high risk industries?

Why do you feel the need to have each deal owned by a seperate entity?

If I read it correctly, you wish to use a unit trust to purchace property with unit being held in a discretionary trust. What is your end goal for…[Read more]