Hi Dazzling, thanks for your amusing input. [biggrin]
Yeah, I know what you mean about solicitors – you don’t go to Joe Blow down the road to do specialist work. The thing is, I just didn’t know that trusts were a specialised subject for accountants [blink]
I popped in on Mr Cantcount this morning for a nice chat and cuppa. Funny how he gagged on his wafer thin biscuit when I brought up 1.7% flat rate land tax on trusts [dozey]. Poor fellow. He mumbled something about crystal balls with a totally blank look [nerd]. Then I explained the tax implications to him in monosyllables:
1) Trusts have always paid a flat rate land tax in NSW.
2) In 2005 it was 1.4% pa
3) In 2006 it will be 1.7%.
He spluttered his tea and left the room, came back after 5 minutes and proceeded to tell me why trusts are so effective, and “you never know, they might change the rules some day”.[dizzy][dozey][arrowhead]
@#$%^*[sealed]
]
]
