karm replied to the topic PI structures in the forum Legal & Accounting 17 years, 9 months ago
Sorry all, I’ve been away for a few days break. Yes I was referring to a SELF MANAGED SUPER FUND when I said you loose the power fo leverage when using a trust. I can see how it is confusing when reading over what I had written. About 80% of the investors I deal with use discreationary trusts, a few use Hybrids for more creative approaches.…[Read more]
karm replied to the topic Land Deductions in the forum Legal & Accounting 17 years, 10 months ago
I’m a FInance Strategist and work with investors all the time and as part of my work I try to keep informed. COntacting the ATO is often awaist as they rarely give clear “advice” unless you ask for a private ruling. My accountant who is also a wiz with regard property etc has assured me that non income producing proerty, land or building, is not…[Read more]
karm replied to the topic PI structures in the forum Legal & Accounting 17 years, 10 months ago
The comments in this forum have offered you some good advice. Here is the crux of it as I see it. Your advisor will make money helping set up and administer a SMSF which is a form of a trust fund. If you are in to trading shares / Options etc and have a profitable system a SMSF can be brilliant. Alternatively if you put a few hundraed grand to…[Read more]