Forum Replies Created
thanks
Thanks Markat, Wade and George 1955.
How do you purchase a copy of the DVD.Cheers
Robbo26
Robbo26
Spoke to an Accountant on the weekend and he advises all ok for my SMSF to enter a JV with a Hybrid trust to purchase/build an IP. I asked if a corporate Trustee was needed so the SMSF and the HT did not have the same trustees and he said this was not necessary, as by using a trust we were at arms length form the prsonal loans I would take out.
He did agree that changes have been happenning with SMSF and would need to obtain the latest information re any Budget changes from his accounting body.Cheers
Robbo26
Thanks Cata, I’m talking to an Accountant this weekend and I will post his answers, (hope he knows a lot about DIYS and trusts).
cheers
Robbo26
Chris Batten site states “Your superfund can only have units in the unit trust when the unit trust has NO borrowings and the property it owns is not used as security for any borrowings”
I would adhere to this, and if trustee of the Hybrid trust is a company it appears to me I should be ok. Will still seek professional help from DIYS and Trust expert, (are there experts in both ?)
Cheers
Robbo26
Cheers Guys, will check out the site and talk to a professional Only problem there is I live in NNSW and the people I have spoken to previously said the structure was ok.
The site I obtained info from was http://www.superoutsource.com.au and the topic was called “How to get more power out of your super fund.cheers
Robbo26
Cheers Guys, will check out the site and talk to a professional Only problem there is I live in NNSW and the people I have spoken to previously said the structure was ok.
Robbo26
Cata……Damn, I read the DIY super directive on the ATO site and thought as long as investment was at “Arms Length” it was ok. That is the fund and I invest in the “Trust” but we are at arms length through the trust !
I have read of this “structure” on the “net”/forum and also a Financial Advisor friend said it was ok !
Could you please advise how I would bend the rules. I am a trusteee of the DIY fund perhaps thats it !Cheers
Robbo26
Thanks Terryw, thats the way I was inclined to go.
Robbo26
Robbo26