Hi Carlin
I generally assess a clients position before establishing a trust structure. I do set up and advise on HDT structures + we also provide on going support which includes Financial statments and tax returns.
We charge $2640 for a company + HDT. Stamp duty is on a state by state basis.
feel free to contact our office or go to my website for…[Read more]

If you are a director of 2 or more comapnies then you will draw attention from ASIC.
Workcover are extremely active at present.

You have several issues that need to be addressed and i think you should arrange a meeting with your accountant
NIckM

A Hybrid Disc Trust is the most effective structure for negative geared property. Chris B will back me on that one.

amz, you need to justify why the company pays the trust. Depending on the activity of the company and the numbers involved, there may be some hope.
Rgds
NickM
www,strategicwealthmanagement.com.au

The ATO provides no guidance whatsoever on chattel mortgages. (I dont think they know what they are)
IN relation to GST treatment, similar to a HP except that you can claim the GST up front regardless of whether you account for GST on a cash or non cash basis

[/quote]
So what’s the best vehicle for negatively geared property? Would that be unit or hybrid trusts?

Wayne

[/quote]

Wayne the main advantage you get from a Hybrid DIsc Trust is that the neg gearing can go to the highest earner but if you sell the asset the cap gain can be spread amongst any number of beneficiaries.
Cheers
Nickm

I do not generally recommend that the settled sum be deposited into a bank account.
If the bank account balance ever drops below the settled sum amount then the trust will be void.

Therefore it is advisable that the settled sum be represented by cash stapled to the original deed

Cheers
NickM

Hi James
The Appointor is generally the pricipal
it is the settlor that cannot be a beneficiary

In most instances the appointor/trustee and principal beneficiaries are the same people. In the case of a corporate trustee the directors are also the appointors
regards
nickM

Orion
i have successfully applied for an ATO ruling in the past for a client. No problem with the interest deductibility.
Their biggest concern was whether the tenant was at arms length. ie not a related party.
bear in mind that all trust deeds are different and i was confident of a positive result before applying as the principals and ATO rulings…[Read more]