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  • Profile photo of GratitudeGratitude
    Member
    @gratitude
    Join Date: 2010
    Post Count: 2
    August 21, 2010 - 9:01 am

    Thanks Greg and Terry for your advice.

    Yes , we certainly want to avoid paying stamp duty and CGT.
     
    l think l have ruled out a trust fund seems very expensive with little benefit.

    Setting up a Company seems like a headache and costly too considering his business is predicted to make between 20- 30k as he is only working it partime.

    Decisions, decisions…. more research required on my part thanks again
    Gratitude

    Profile photo of GratitudeGratitude
    Member
    @gratitude
    Join Date: 2010
    Post Count: 2
    August 19, 2010 - 9:24 am

    I think l need to set up a trust? What do others think? How much and how difficult would it be to change our existing financial structure.

    My husband and l own 3 properties together. We have an equal share in assets and the properties were purchased in our Individual names in our early twenties.  

    Property 1 – Owners Home is owned outright
    Property 2 – Investment is owned outright and rented
    Property 3 – Investment Is mortgaged and rented. We owe $240k

    My husband has just started working as a sole trader and we want to minimise our financial risk to our assets as a result of something going wrong in his business.

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