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  • Profile photo of Griffo77Griffo77
    Member
    @griffo77
    Join Date: 2004
    Post Count: 2
    May 10, 2004 - 7:06 am

    I’d just do it on the new property. I need to get a QS in on mine in the next 6 – 8 wks. I’ll let you know who I use as it will be based on a reliable recommendation.

    (But you might have to wait!)

    Cheers

    Griffo77

    Profile photo of Griffo77Griffo77
    Member
    @griffo77
    Join Date: 2004
    Post Count: 2
    May 5, 2004 - 1:05 am

    G’day all,

    I investigated using companies and trusts when investing in property. You need to balance the possible benefits of asset protection against missing out on some tax advantages; eg not being able to claim as much depreciation against your trust’s income as you would against your income, if you buy new or near new property.

    You need to be aware that there may be costs involved in transferring a property from your name to a trust at a later stage if in the future you decide you want the protection of a trust.

    Cheers

    Griffo77

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