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samuroo

  • samuroo replied to the topic Loan under a trust in the forum Finance 21 years ago

    So the 30% CGT when you sell as a company, what would it be under a trust?

    First, the CGT discount applies which means
    50% of the gain is not assessed for tax.

    The remaining 50% will be taxed at each
    beneficiaries marginal rate.

    eg. B1 is on %30 rate. Half of her distribution
    is not assessed. The other half is assessed at
    30%, meaning she only…[Read more]

  • samuroo replied to the topic Living with a high level of debt… in the forum The Treasure Chest 22 years ago

    quote:
    If we buy 10 homes @ $100,000 each at 80% lvr = $800,000 debt. If each house makes us $50/month = $2,000 cashflow/month.

    Umm…

    10 homes x $50/mth =$500, not $2000.

    Did you mean 10 homes @ $200/mth ?

    Rob O.

samuroo