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I am not sure if you have found a good Accountant but I recommend Adam Saunders who is based in Kogarah and so does not charge CBD hourly rates. His number is 0412 728 623 or email him at [email protected] – tell him Donal sent you. Good luck
Hi
I recommend Denis Barlin, a lawyer with Cosoff Cudmore Knox in Sydney. His number is 02 9230 7700. He is very good on these areas. Tell him that Donal Griffin referred you. I am a financial adviser if you need any (non property) investment advice.
Regards
Enigma_Syd wrote:Hi GuysTo continue this discussion, I have a few questions. I am thinking of setting up a trust to funnel my investment income. I'm looking for advice regarding:
1. The pros and cons of using the trust system vs. a company vs. investing as an individual. As background, I am single and do not hold any property, an Australian Permanent Resident and intend to invest long-term as opposed to trading. Basically looking for any tax advantages and possibly future income splitting.
2. How easy/difficult it is to transfer assets under my name to that of a trust. Further, what are the tax implications in this situation?
3. How would one go about setting this up? Can you recommend a good lawyer/accountant in Sydney?Thanks guys and appreciate all the help!
Cheers,
EnigmaEdit: I am looking primarily at a discretionary trust + company structure. Possibly looking to funnel income to the company and use the trust as a holding structure (for flexibility w/distributions in the future)
