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  • Profile photo of gstroudgstroud
    Member
    @gstroud
    Join Date: 2007
    Post Count: 3
    March 15, 2007 - 1:41 am

    Terry, you get into GST issues with just invoicing, and it is also pretty easy to spot a family member as a supplier by chasing the money trail. But yes, it is possible.

    A DT is the best way, but bear in mind the DT quarantines negative gearing inside the Trust.

    Profile photo of gstroudgstroud
    Member
    @gstroud
    Join Date: 2007
    Post Count: 3
    March 15, 2007 - 1:20 am

    All a Trust does is separate ownership from control. Any activities that can be seen by the ATO as tax avoidance will be harshly dealth with.

    The primary purpose of the Trust should be the Estate Planning and Asset Protection issues, with the tax benefits a “fruit for the sideboard” issue. Yes there is lots of fruit, but the ATO see right trough a rorting purpose.

    [exhappy]

    Geoffrey Stroud
    IP Consultant
    OzInvest
    P: 1800 800 775 M: 0406 402 855
    E: [email protected]
    W: http://www.ozinvest.com.au

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