Hi Admin,

I found my post here today. I thought I asked wrong question and you guys deleted my question [].

I was thinking of using tables for one important topic. But doesn’t matter I will try some other way.

Thanks
Amit

Hi All,

Terryw put this post in another post. I thought of puting this here because of same interest.

Cheers

Amit

Hi

In a recent topic here there was some questions raised on changing trustees and whether this would trigger a CGT event. It seems the ATO may consider a new trust to have been created if fundamental changes have been made to a trust deed. If this happens then CGT and stamp duty may be payable.

I have found an interesting article on the resettlement of trusts, at http://www.taxlawyers.com.au/Publications/New/resettlement_of_trusts.htm which states:

“Can I appoint a new Trustee for my Family Trust?
Changes made to the Trustee do not by themselves result in the ATO deeming a new Trust has been created. However if, in addition to a change in the Trustee, other fundamental changes to the Trust have been made that alter the nature and character of the Trust relationship between the Trustee and the beneficiaries then the ATO will deem that a new Trust has been created.”

I thought this article may be of interest. There are also other good articles on trusts and other topics on this site.

Terryw
[email protected]

Dear Junior,

I think you were not on the forum that day when this person was answering every one with one line and starting crap subject posting. only I saw him two days on forum and he given 200+ reply. admin people were also falling to manage his posts that day.

But your thinking is correct if you were not on the forum that day.

Cheers
Amit

Hi All,

After getting all the reply I am thinking if some one like me starting in IP should just create a simple trust (we two friends will be buying together). I don’t think this trust will help us much from tax wise (Am I right).

IP bought under this trust will be safe from other liability (outside the property),if in case one of us face in future.

Because we will be trustee so sort of we won’t be protected if some thing goes wrong in IP (which are under that trust) but because we will be having all the insurance so every thing should be fine.

To protect our self more (even from those IP problem which are under trust) we should be having a $2 company as a trust. But this thing having trust under company will blow away all our profit at least in the beginning of our investment journey.

Please comment if my understanding is wrong.

Cheers
Amit

Thanks Richmond,
I don’t know about the street name etc. let me first find out more about it and then I will let you know. yes I will go and have a look after I get all the information. Thanks a lot for all the reply. Can I email/contact you after I get all the information before I go there I think you know about the area.

Yes I am in Sydney []

Cheers
Amit

Hi Richmond,

I should have given more details. It’s 125 for 3 units so rent add up to that much (all are on rent this time). I didn’t find any unit for sale on net there. I never been there so don’t know much about Cobar other then my search on google last night.

Amit

Thanks Richmond,Dennis,

I checked other post also Sorry I think I asked the same question which Dennis asked. []

I checked on net last night and found out couple of things population is about 5k there.
three mines one all might close in 2007,2009 and 2011.

IP which I am looking for returning good return. do you think it’s worth or not ?

Cheers
Amit

Thanks All,

can we buy under trust and become one of us trustee ( we are two partner ) and later in near future open some company and make that company trustee to give more protection to us?

or what is best for two working people to buy IP together from assets protection and tax wise?

Cheers
Amit