RJB replied to the topic Purchasing Your PPOR in a Trust Structure in the forum Help Needed! 13 years, 11 months ago
Charles 1 wrote:
Hi Why would you want to place your PPR in a trust? the CGT concession loss is a biggy! I have read the ATO is very wary of people renting their PPR to themselves through trusts – they see it as a sham and disallow the investment deductions. Get accounting adviceHi Charles1,I appreciate your reply. Main reason is that I plan…[Read more]
RJB replied to the topic Setting up a Trust Fund – Is It Too Late? in the forum Legal & Accounting 14 years, 2 months ago
Hi,A little bit of track – and maybe a silly question – but do you need to set up a bank account for a trust? I have just purchased a property in the name of my trust but don't have a separate account for it… Shoud I…?Thanks,RJB
RJB replied to the topic Legal Advice Please in the forum Legal & Accounting 14 years, 3 months ago
Thanks for both of your replies.I have got in touch with my lender and also the DSE to follow up the caveat documents. Hopefully this is successful.Cheers,RJB
RJB replied to the topic 100% Offset Vs Redrew Facility in the forum Help Needed! 14 years, 4 months ago
Hi All,Thanks for your replies. It seems an offset account makes the most sense in regards to how to use the money now and borrowing further in the future. Using an LOC to fund the next project also seems the way to go.Thanks again…
RJB replied to the topic Buying Through a Discretionary Trust in the forum Help Needed! 14 years, 5 months ago
Thanks Terry.So initially would I be better off bowworing the cash from my existing IP or using it as security for the Trust? If I use it as security what other implications would come from it? And in regards to borrowing capacity, it makes no difference whether it is in a trust or not? The trust is just for security?Thanks…