Thanks for the advice, guys. I had suggested an ATO ruling to the accountant but he suggested we leave that as a last resort. He seems a bit wary of approaching the ATO, so he’s going to find out some more info over the next fortnight. I can see his point, but then again, once you have a ruling (one way or the other) you know exactly where you…[Read more]

Hi Mel,

Dale got back to me (very quickly!!!) and explicitly stated that the units are redeemed at cost and not market value. Additionally, no stamp duty or CG is applicable either. I hear what you’re saying about 100% refinancing and that makes perfect sense to me also.

However, ‘perfect sense’ and the ATO don’t always go hand in hand, so I was…[Read more]

Hi all,

Firstly, great forum!! I’ve been sitting on the sidelines for a while, but now I’m ready to take the plunge. I am quite keen to set up my investments through a trust, and to that end I was just about to purchase ‘Trust Magic’ until I read an article in this month’s Personal Investor. It had the following to say :

quote:A few years ago,…

[Read more]