The fixed unit trust I have been reffering to. It holds all the shares in the company and then 4 family trusts own 25 units each of the unit trust

Thanks. Would havIng the unit trust in between be any better, have any additional advantages? In terms of asset protection for assets held by the family trust

Thank You.

I totally agree with you gentlemen. That is why I have not set it up yet, i am researching, reading and finding information. i have not and will not execute anything until i have the complete info hence no mistakes yet.

I will pay if the need arises, but not without understanding everything.

Answering Your Questions.

The Fixed unit…[Read more]

I totally understand you sir, but I cannot afford to spend 1000’s of dollars on a lawyer.

If the above is correct, then there are only two other family trusts involved who have one trustees each and they hold the other 25 Units each.

It can be simple with information or complicated without information i guess.

All i want is 100 units split…[Read more]

Mr TerryW,

Thank You Very Much Indeed. I have had these questions unanswered for weeks::

Can you please check my example: Based on my scenario above. I have done a brief for one sole trustee family trust, and for the Family Trust with 2 Trustees

Here it goes:

Are any of the units to be held jointly by more than one unitholder? Yes

How many…[Read more]

Thank you.
So does that mean that Trustees of “Family Trust 4” will Hold the 25 Units as joint unit holders, and the 3 Trustees of the other 3 family trusts will hold them as sole unit holders.

Thanks Richard,Can you please let me what other information i could provide for you to make a better assessment.

Please give some advice.

Council Rates $1,250 P.AInsurance incl, Landlord $480 P.AI bought the Property in Oct 2008. Its been rented ever since, i did not claim the FHOG. I would only be living there for a short while, i would not live there permanently, as it has development potential.How much in $$$ Terms would i be worse off, if i was to move out.

Thanks Scott

Could you please explain 2nd mortgage carry back. Please check your mail too

Thanks Richard, I do not understand vendor finance. Yes he is willing to help me.  i got the $50,000 borrowing power from bank's websites where they calculate your borrowing power. Please let me know the information required and i shall e-mail them to you in your private e-mail address.Thank You

Thanks Rhino for your Help. I have been given the options by this company. 4 options, best and most expensive and extremely profitable to the cheapest and easiest and achievable by me. I am gonna do some thinking and decide in a few weeks. according to the company. Another $5-8K would take me to the planning application stage.

I have a question.…[Read more]

Hi,

I have a question. I am in the process of subdiving the land on this investment property. If I build a house on the new subdivided land to live in. Would i qualify for the New FHOG Boost for building a new home. If not would i qualify for at least the original $7K.

I terms of the date, where it is only applicable for houses purchased before…[Read more]

Hi Michelle ? whats PM. Oh Perth, i used to live there many years ago. Well this company is pretty good according to the information available in its website. They do complete planning & building service. They have even won many awards. Its too late now but i have already engaged their services via phone to look at the feasibility of placing…[Read more]

I have been quoted $2000 by a company for an initial assessment. does that sound right?

Thanks Mate. I have contacted some companies as suggested. i also contacted some one who will draw me a site plan of the property to start with. This will give me a better idea before i go and spend $1500 on a town planner for assessment.

Hi everyone,This is what i received."If you sign a contract to purchase a property to live in, on or after 14 October 2008 then you will be eligible to apply for the additional $7000 boost. The investment property you purchased will have no effect on your eligibility to receive the grant provided you never reside in that property. "Cheers

Thanks Guys,All of you.  you have been great help. I have inquired with Revenue SA, and i will let you all know what they say.Best Regards