Forum Replies Created
Beautiful thanks Terry.
so as a whole the trust would or would not be entitled to the 50% CGT discount?
Thanks Terry.
Helpful info. Also are there CGT advantages apposed to holding a property as an individual?
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?
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.
because you are making a capital gain bud?
Thanks Terry.
I have a group of potentially 6 people, is a trust still advisable?
Also could you tell me some advantages of both?
ThankyouI 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?