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  • Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
    Join Date: 2012
    Post Count: 7
    November 9, 2012 - 7:47 am

                 Whilst nothing is seemingly divorce proof,would you say that individual or company have the same divorce implications or are they different.

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
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    November 8, 2012 - 7:39 pm

        Im fine with most of the situations you state.What is it you talk about the 50% CGT discount..

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
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    November 8, 2012 - 7:34 pm

     We are not planning on needing to  borrowing any money.What are some of the main reasons that the people you talk of have failed in this set-up.What implications would a 10 man trust set up have on personal borrowing capacity.Cheers.

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
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    November 8, 2012 - 8:45 am

            Thanks very much Terryw.At a guess If we had ten guys all on around 60 thousand gross per year,would a company opened up with the same ten names have much income tax return issues or implications on there personal tax returns.Thanks heaps. 

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
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    Post Count: 7
    November 8, 2012 - 8:30 am

                           Thanks AK will do.

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
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    Post Count: 7
    November 7, 2012 - 6:22 pm

    Terryw wrote:
    Consider

    – death

    – divorce

    – bankruptucy

    – withdrawing from the investment

    – stamp duty

    – borrowing ability

    – guarantees

    – effect on future borrowings for individuals

    – land tax

    – cgt

    Probably the most flexible structure is a unit trust with a corporate trustee. But the structure within the structure would depend on your situation.

     

                 I want to do something similiar to op but with 10 people and my fear is someone getting divorced.What sort of trust if any is divorce proof.lol.

    Profile photo of JimmySprinklesJimmySprinkles
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    @jimmysprinkles
    Join Date: 2012
    Post Count: 7
    November 7, 2012 - 6:12 pm

           Hi guys I've just joined the forum and I have a question.Me and 9 yes 9 other people want to start investing in property in a trust situation.Buying a new property once a year then in a few years twice a year and so on till we are getting 5 a year.If we do this in something like a family trust e.t.c will there be much of a tax issue on our income tax as we all continue with our jobs working 9 to 5.Im a complete novice to this so excuse my question.P.S no thread hijack intended.Cheers.

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