I got the form thanks but the submission date is for May 2008 which I expect is for 2008/09 tax year. I wonder can I still do a variation for this financial year?CheersCia

Originally posted by elkam:
Hello Cia

Hi Elka, See inlines, Cia

Do you have plans for the money that you will get paid for the house. I mean are you planning to use it for more investing?. If so, why can’t you just keep the house in your name and get a mortgage on it which you use for investing.

Cia ==> I want to put the property in a Trust…[Read more]

Originally posted by Terryw:
Hi

With a hybrid, the unit holder borrows money from the bank to buy the units (not the house), the trust lets the property be used as security. Then the unit holder can claim the interest on the loan against their other incomes. Losses still cannot be distributed from the trust, but because there is no loan, there…[Read more]

HI Cata
It is a hybrid trust. From what I understand if I am the main unit holder, then I can write the losses off agaist my personal tax.

Cheers
Cia

Originally posted by Simon C:
Hi there cia

Just curious as to your main driver to sell it to a trust. I understand the many benefits you can get from a trust structure as have that structure myself as plan one day to move IP’s to an SMSF should super tax concessions remain as they are now.

I had started our buying IP’s in my name and now moving…[Read more]