Forum Replies Created
I know that if no beneficiary has been assigned, then the trustee is liable for tax on accumlated income of 48.5%. But I read somewhere that the trust is still distributing the income, but taking it as a liability to the trust and at a later date will be required to distribute it.
Prima Facie, it does’nt make sense, I’m just getting clarification on the tax laws in this case.sorry, I mean QS in NSW
thanksI’ve only really invested heavily in the past 3 years, prior to that I was heavily into shares.
I have 12 properties, which are a mixed of commercial and residential properties. The residential properties are mainly waterfronts. Although they are quite expensive, I have managed to get high enough rents to maintain them at cashflow +ve states.
They are all withing 15 km of Sydney CBD.
Dale Carnegie said “put all your eggs in one basket”
Warren Buffet says the same thing. Buffet believes strongly in investing as a business.
So if the numbers stack up and you are making money and your future projections are correct, then follow your investment criteriaIO loans are better because of what was mentioned above,
but I believe the sine qua non for IO is the fact that inflation will errode at the initial gearged capital.The only way I know to do this to eschew Stamp duty is to have the holding in a corporation or a unit trust and sell the corporation or the unit trust to another entity.
the transfer of title from one entity to another would trigger SD under the actbuy, and never sell
follow the premise, you make money when you buy in realestate and you’ll never sell
plus if you don’t sell, you won’t trigger off a CGT event, ergo you won’t have to pay the government back for all the building depreciation you’ve claimed![^]Elysium – M
i would like to challenge you on that thought re -ve gearing
can u contact me on [email protected]
why negative gear if you can positively gear. which one would you choose?
of cource you would choose +ve gearing. You would be a fool to choose it otherwise.
does anyone know what the definition of -ve gearging is?
if you did you would not choose it, right?
any commentshow much is the booklet and is it worth buying. How many pages are there?
quote:
MichaelI have purchased this booklet. It is fairly technical and sometimes difficult to understand. It has been a while since I read it, so will dig it out tonight and skim thru it again.
From memory half of the book was just print outs of various tax rulings (which are avaliable on the internet if you know where to look).
Terryw
[email protected]like all markets, its about supply and demand.
the property market is not driven by interest rates like everyone believes. there was a study to prove this. interest rates were 12% and the market went up because of supply and demand.
what will cause a downturn is housing affordability. the rise property prices has dramatically outstripped the rise in average weekly earnings. if housing affordability drops, the property market will drop. house hold debt has also increased substantially.
I have no idea when there will be a downturn, but i’m eagerly awaiting one.
what are your thoughts
