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  • Profile photo of SAFFASAFFA
    Member
    @saffa
    Join Date: 2005
    Post Count: 9

    Thanks Cata,
    Could I stream it to my partner who is not working?

    KLH

    Profile photo of SAFFASAFFA
    Member
    @saffa
    Join Date: 2005
    Post Count: 9

    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

    Profile photo of SAFFASAFFA
    Member
    @saffa
    Join Date: 2005
    Post Count: 9

    Thanks Richard.

    KLH

    Profile photo of SAFFASAFFA
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    @saffa
    Join Date: 2005
    Post Count: 9

    What would be the real benefits (besides litigation)of a discretionary trust if there are no tax benefits?

    KLH

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