i know there would be hundreds of hours you can spend on learning, the atax course looks good, however i doubt you can spend a whole semester on it, i mean i would of thought it was basically a tell subject, not a learn, i doubt you can minipulate the government to so i really wonder what they would teach

there are some definante experts in this area…

i do totally agree, $100 is quite cheap but with the range of books out there and more the limited time rather than money i dont want to start with a stack of 10 books to read, id prefer to start with a good one and more importantly not read wrong advise..

thanks for the tips though

hmmm, tried the link and it didnt work…

so are these things cons or are they worthwhile??

would a seminar cover the same as say a few hours direct legal advice or its just more background and understanding u could get from reading a book???

id be interested to know if he is charging u an hourly fee or a set fee for set up and discussion of it…. would it be cheaper for someone who knows what they wants???

coz it could become an expensive exercise to set up a trust if u need 5 accountant referalls, id imagine they would charge atleast $150 an hour

As for accountants a lot of them are simply USELESS and know very little about trusts. Ask them what a “Hybrid Discretionary Trust” is and most of them won’t know the answer.

i very much agree to this, i am actually a unversity undergrad studying accounting in my final 6 months, nothing we have done have covered trusts (except a tiny bit on…[Read more]

hmmm, thanks, i think the deed is the important issue and how it is structured…

thanks

cheers

thanks for the terry, i can see why the trusts are good things and in addition if a company is used soley for investing then you cant distribute the captial gains, but for secure investing i think the company could be the better option, i guess it will also be worth waiting for the ato to make there decissions about how they want to work it…

it…[Read more]

so if deeds are generally made up already and they cant be changed by an accountant, why would it be recommended to get the accountant to issue it rather than buying it online??

would that just be so an accountant can see if its totally suitable for your situation?

cheers guys

Terry and Richard really seem the back bone of this and have a heap…[Read more]

thanks for your help guys on this…

so when you mean many will fail, is that because poeple are taking the tax consessions to far? or because its seen as a general envasion of tax or a tax avoidance scheme?

so for someone using a trust to grow say a large portfolio, wouldnt the units sort of never be bought back, or would it basically get to…[Read more]

so for the nieve question, but how would u structure those loans correctly, do u basically mean have 2 seperate loans for each property??

would that quoted rate be like a fixed or variable rate?? and what would be the comaprisions to a normal simple structured rate?? So im pretty new to this so just trying to beef up my knowledge…

so what else would i need to make sure are added in to the clauses to make piece of mind? Also with the units issued, say i want to buy 500k of property with the initial set up, and then 12 months later i want to buy something else, do i have to get the whole trust re done or can i just add an additional clause in there with out to much…[Read more]

richard, as for someone who is quite new to this, what would you say as being a compeditive rate for say 500k (for 2 propertys) as trustee being the borrower (with the normal terms)? Would it be around the 7.1% or maybe a little higher?

Thanks

well if you need to distribute the income back to the individuals who own the trust, what is really different from a unit trust then? Would it be possible to have a mortgage on a property inside the trust but not own any units?

Also ive read everywhere that there needs to be a fixed distrobution from the trust to the owner, but no one has really…[Read more]