chalkergroup replied to the topic Different trust types in the forum Legal & Accounting 13 years, 10 months ago
Beautiful thanks Terry.
chalkergroup replied to the topic Different trust types in the forum Legal & Accounting 13 years, 10 months ago
so as a whole the trust would or would not be entitled to the 50% CGT discount?
chalkergroup replied to the topic Different trust types in the forum Legal & Accounting 13 years, 10 months ago
Thanks Terry.Helpful info. Also are there CGT advantages apposed to holding a property as an individual?
chalkergroup replied to the topic Different trust types in the forum Legal & Accounting 13 years, 10 months ago
Cheers Terry thanks for that information. Mate would you be able to tell me abit about the benifits of having a discretionary trust setup (because i think a discretionary is what im going for) rather than buying as an individual?
chalkergroup replied to the topic Different trust types in the forum Legal & Accounting 13 years, 10 months ago
Thanks for the replys guys. Well what i am trying to achieve is with my family members start a positive cashflow portfolio consiting of holiday rentals and uni boarding style accomadation. Also a few renovation projects would be instore as i am a qualified builder. So some buying renovationg and quick selling will be eventually instore for us.
chalkergroup replied to the topic Can this strategy work? in the forum Legal & Accounting 14 years ago
because you are making a capital gain bud?
chalkergroup replied to the topic Company Structure in the forum Legal & Accounting 14 years ago
Thanks Terry.I have a group of potentially 6 people, is a trust still advisable?Also could you tell me some advantages of both?Thankyou
chalkergroup replied to the topic Offset Mortgage Account – can someone clarify… in the forum Finance 14 years ago
I see. So the money in the offset account lowers the repayment costs?but as soon as the money is out of the account and used for another purpose say a deposit on another property the repayments will go back up?