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

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 trust is going to be 100% shareholder of a company, to be formed. The company does not and will not have major assets as such. Its kind of a service business.

The company will have 1 director, Unit Trust will have 1 Trustee.

The rest of the story is in my earlier posts.

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 joint holdings will there be? 1

How many solely held holdings will there be? 3

Joint Unit Holder 1

Will the unit holder hold the units on trust for another individual or entity?
Yes
What is the name of the trust (or the name of the individual or entity) for which the unitholder holds the units? XYZ FAMILY TRUST

How many joint holders are there (in this holding)? 2

Unit Holder 1

An individual Name John CITIZEN (Trustee No 1)

Unit Holder 2

Is the unit holder… An individual MARY CITIZEN (Trustee No 2)

What units are being applied for (by this holding)?

Fully Paid Units 25

Sole Unit Holder 1

Will the unit holder hold the units on trust for another individual or entity? Yes

Name of the trust for which the unitholder holds the units? ABC Family Trust

Is the sole unit holder… An individual : MR SMITH (Sole Trustee)

Units being applied for (by this holding)? 25

Thanks Richard,

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

Council Rates $1,250 P.A

Insurance incl, Landlord $480 P.A

I 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.

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

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. If I am going to be building a house on this 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.

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 another property in the block. I sent them the title, plan etc, and address. They got back to me today and said that "

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.

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