Hi Anna,

thanks for your reply; I'm in my mid thirties to the aim is to build up a portfolio of  "passive income" for later years. It's a discretionary trust however my wife and I are on the highest tax bracket anyway so as far as I'm aware we would encur the same tax rate either way. Not really looking at the Self managed super fund at this stage. Thanks for the offer of the free consult, we have an existing accountant who we are currently working with but I might take you up on it at a later date depending on how I feel we're going with my current accountant.

Hi TerryW, I'm not convinced we've done the wrong thing by setting up the trust, that's what I'm hoping to ascertain here. But I wonder if it's a bit of overkill as I don't think asset protection is our biggest worry and from what I can gather the trust seems to have some disadvantages from a PI perspective as opposed to say a personal loan, e.g. higher land tax , extra accountancy fees and I cannot offset any possible losses against personal income tax or even CGT. I know the aim is to have CF +VE properties and that we're looking to build passive income rather than specifically looking for CG but I can't help but feel I'm limiting my options with the Trust.

Keen for your thoughts.

Cheers,

Kashe.