SnowLionz replied to the topic Trust vs Land Tax in the forum Help Needed! 10 years, 3 months ago
FYI: Another thing with trusts, although negative gearing cannot be claimed, losses can be later offset again future capital gains (reducing CGT). Also in a trust, income can be distributed amongst beneficiaries – this means that you can minimise income tax on profit from investments.
Hence the disadvantages of trusts are offset by its advantages…[Read more]
SnowLionz replied to the topic Trust vs Land Tax in the forum Help Needed! 10 years, 3 months ago
Hi All,
Thanks for your replies. That answers my questions about land value calculation.
I went to a seminar and they said that as an individual, I could purchase 1-2 properties in each state, taking advantage of the land tax threshold for each state, hence paying no land tax if I diversify into each state.
This seems like a good idea, but it…[Read more]
SnowLionz started the topic Trust vs Land Tax in the forum Help Needed! 10 years, 3 months ago
Hi,
I am starting my investment journey and I am thinking of setting up a trust for my investment properties for purposes of asset protection and avoid any future family feuds over property. Most of the investment properties are to buy and hold, so capital gains tax won’t be an issue. If the properties are in Sydney, they will most probably be…[Read more]
SnowLionz became a registered member 10 years, 3 months ago