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  • Profile photo of DanielJ2DanielJ2
    Participant
    @danielj2
    Join Date: 2014
    Post Count: 3
    June 11, 2014 - 2:10 pm

    Hi Richard and Terry,
    Thanks for getting back to me.

    The valuation on property after demolition, with subdivision, would increase the land value so no issue there. Blocks of similar size are going for between 375 and 400k…

    Any hints for strong set up of trust? I had intended on being the appointor and director of corporate trustee. That way, I have all the control and can alter the trustee if bankruptcy was ever declared as I could not remain director of the Pty Ltd. (I acknowledge that it is very unlikely that Bankruptcy will occur but it happens and I think it unwise to ignore the slim chance.)

    Thanks for the feedback on the other points.

    Have a Great Day!

    Profile photo of DanielJ2DanielJ2
    Participant
    @danielj2
    Join Date: 2014
    Post Count: 3
    June 4, 2014 - 10:13 pm

    Hi TerryW,
    Thaparticular Hesponses.
    Is it accurate that if a newly built property is held for 5 years, GST does not need to apply to sale of property? (Provided that GST is not claimed in the prior time – which may not be the best outcome anyway – just curious)

    Asset Protection is from a higher risk day job (more so than standard office job).

    Can’t cash flow distribution from a trust vary based on beneficiaries of the trust, instead of solely being distributed to me as would occur as purchasing in my name?

    Are there any particular banks that would look favourable on this project?

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