M.C. replied to the topic Buying a house in a Family Trust and renting back in the forum Legal & Accounting 16 years, 7 months ago
Hello,Thanks for posting this topic – and for every-ones replies, as we too are considering if purchasing a property we want to live in, should be held in trust, while we rent it back to ourselves, as you say MadProperty. However, is there a conflict of not being at "arms length" and you will be living in the home, and also benefiting from it as…[Read more]
M.C. replied to the topic Lending company money from personal home equity – is this tax deductiable? in the forum Legal & Accounting 16 years, 7 months ago
Hello all,Similarly, we are in the process of setting up a discretionary trust, with company as trustee. Our plan was to purchase next IP property in the tust (company as trustee) and the formal advice we have been offered is to apply for the laon in our own names, then loan the money to the trust with a formal loan agreement of course (at 1% in…[Read more]