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  • Profile photo of ptnptn
    Participant
    @ptn
    Join Date: 2006
    Post Count: 74
    March 29, 2006 - 7:02 am

    Thanks TerryW & Cata,

    He did say something about Hybrid trust. but I must have misunderstood. If I were to setup the Hybrid discretionary trust can I claim all the above?
    …

    My question is, if I were to spend 1k on flights, accommodation etc.. to buy this property, can I claim the 1k as part of the investments and so I can negatively geared at 3k for this financial year? Or the 1k expense must be a capital expense?.

    Further more, if I take trips up there annually to check the property, can I negatively geared the cost against my current salary?

    Thanks inadvance for your help.

    King regards
    ptn

    Profile photo of ptnptn
    Participant
    @ptn
    Join Date: 2006
    Post Count: 74
    March 29, 2006 - 4:45 am

    A good friend who has a trust said to me … the discretionary trust allows the director (me) to negatively geared against any loss as my current salary is used to pay the difference (short) for my IP.

    Further more, any expense incured relating to the IP (maintenance, cost, land tax…etc. ) can be a write off against my salary for the current year.

    My accountant hasn’t reply to my email, but bet is that he lacks the knowledge himself.

    Kind regards
    Ptn

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