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Thanks Cata,
Could I stream it to my partner who is not working?KLH
So if the property had rental income of $25K and expenses(excluding the loan) of say $5K this would leave $20K to be streamed to the unit holder(myself).If I earned $70K/annum salary the interest costs on the loan of $19K would be deducted off my taxable income so therefore I would pay tax on $51K.
Sound right?
KLH
Thanks Richard.
KLH
What would be the real benefits (besides litigation)of a discretionary trust if there are no tax benefits?
KLH
Viewing 4 posts - 1 through 4 (of 4 total)