Thanks Dan42, so it seems by naming DT01(IP) as beneficiary of Business Trust, we'll then be able to offset income loss from Investment Trust against the Business Trust? Are you aware of any implication by doing so? Is there any pitfalls to look out? If so how can these be explicitly deals with in the trust deed? Thanks for your advice. <!– /*…[Read more]

Hi Terry & All IP Experts, I'm getting quite confuse now. So 2DT – 1 for running business & 1 for IP with 1 corporate trustee. Is 2DT a better structure as I can understand the asset protection part. But how about loss in IP Trust cannot be offset by the business income? Whats your opinion on this? The accountant insisted that corporate trustee…[Read more]

hey daniel, will be arranging to meet up the accountant this week. very nervous indeed & i think it will be wise to prepare some notes & decide the name for trust. anything else i need to prepare? my husband is working so i'll hv to go alone. keep in touch. any advice is welcome, thanks in advance ([email protected] & mobile: 0407895678 – Lyn…

hey daniel, thanks for sharing your info generously.just my wide guess of your country of origin.. well we r from Singapore as well & still trying to establish here.  we are very very new to all these IP issues. it will be good to have honest friends who share the same interest. any good advice is welcome. keep in touch here or u can email me.…[Read more]

Hi Daniel,  we are in Melb as well & i think we r in a similar situation as u. Do you mind sharing who is the accountant you ended up with? Or can u email me? R u from m'sia? Appreciate. <[email protected]>

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thanks Richard for your quick respond. Talking to a like-minded & knowledgeable broker is indeed a totally different learning experience for us! how much do you recon the bank willing to loan us base on our circumstance?thanks

thks terry & ben.So Ben, in order to rent back to live myself I will have to first set the Trust to purchase the property in a Trust or Company. How will you structure it for maximum benefits if it were you?? appreciate your advice. thks

Currently, we are with CBA's colonial's Rate saver home loan thr' broker (Aug08 @ 8.85%, Bal $205k, Redraw a/c: $12K). My partner is earning abt $40K/yr gross. IF we were to rent out our current PPOR & go renting while looking for IP. Is this worth it to do so in our current situation?We are sourcing  new broker to help us get a better rate Or…[Read more]

hi terry, thanks for your reply. i apologize for not posting the right question. WHAT i meant is How investor can rent back their own IP to live there themselves & still claim tax deduction legally?? Do they buy it using a Trust or campany? In this situation do they still need to engage an estate agent for the seek of obtaining any paper/document…[Read more]

hey juder, did u remove old kitchen yourself? how much it cost for a plumber & electrician? thks for sharing.

HI BOING, thks for sharing.  WOW, sounds cool on what u did. Did you build any walls by yourself or get someone to do it? How much it cost? thks