Hi I can assure you that the type of advice we give is not "simple stuff". We are an Accounting Firm that specializes in Creating Wealth through Property Investing and structuing your affairs correctly so that you can use your assets to their full potential. Everyone is different so the advice you will recieve will all depend on your goals,…[Read more]
Hi TerryJust as its wrong to say that everyone should have a Trust, its also wrong to say that no one should have a Trust, which is what some commentators are saying. For every 10 clients that see us, around 6 to 7 out of the 10 would need some form of a Trust and the other 3 or 4 would need some other solution, other than a Trust.However in the…[Read more]
The recent Tax Alert 2008/3 refers to the Uncommercial Use of Trusts. Many Accountants are not using their Trusts in a Commercial way. So whether the Deed is a Unit Trust Deed or a Hybrid Trust Deed the same rules apply to commerciality. Commerciality means that whether one invests in property or shares they must invest with the intention of…[Read more]
Hi Terryw, You are correct in stating that South Australia is the only State without a law on Perpetuities. The Company has to be established in SA and they can certainly work for properties held outside that State. The Directors can also live in another State. Obviously its not as simple as setting up a Company is SA. We have spent many years…[Read more]
Hi EveryoneThe Difference between a Fixed Unit Trust(FUT) and an Ordinary Unit Trust(OUT) is mainly the definition of their rights of unit ownership. In a FUT the unit holders are deemed to have a greater equitable interest in the asset held by the FUT. For example, in an OUT the right to redeem units is usually at the discretion of the trustee…[Read more]
Hi LifesjourneyIn respect to your question“…..Just curious how Chan & Naylor's PI Trust is able to avoid a surcharge of up to $20k in land tax? Stated in article below:….”Answer:The article actually stated below “…..In Victoria it's very similar to NSW, except our Property Investors Trust will get a $20,000 land tax threshold…”[Read more]