trustee replied to the topic Formation of trust in the forum Help Needed! 14 years, 5 months ago
hi, you don't say why you are looking for a trust so I will reply to your initial query. It would probably cost around $2500- $3000 to set up a trust structure. Whether it is a unit, hybrid or discretionary or some other. THe purpose may dictate costs down the track but as a simple and genral guide a tax return might cost you between $800 and…[Read more]
trustee replied to the topic Accountants in Melbourne in the forum Help Needed! 14 years, 5 months ago
Hi Adore,Depends on the advice you want. Not everyone requires a trust. This depends on your current situation. If you have lots of equity in lots of investments or businesses, even shares, then maybe a trust is for you. If you are starting to look at building wealth then until you aquire 2 or 3 properties then the cost of a trust in not wot…[Read more]
trustee replied to the topic Off the Plan purchases with 10 yr rent guarantees? in the forum Help Needed! 14 years, 5 months ago
Hi Jaqui,Whilst i don't have any experience with buying off the plan I would suggest that there are many other ways to invest and reap rewards. Simply saving on stamp duty is not the only way to make a dollar. I like to buy undervalued property in good areas that have been overlooked. More research for sure but in the long term you have a go…[Read more]
trustee replied to the topic buying under company in the forum Help Needed! 14 years, 5 months ago
Hi, your question is quite straigt forward depending of course on who owns the original 2 properties. If they are in your name as the highest income earner then you may want to have it placed in your spouces name.Companies do not get the capital gains tax offset of 50% therefore buying under a company name is a bad move in my opinion.If you…[Read more]
trustee replied to the topic Can you recommend an accountant? in the forum Help Needed! 14 years, 5 months ago
I know of people who have worked with C&N and they confirm that they are overpriced and only really known by their appearance at seminars and not because of any special ability. They simply live off the clients they sucker in from their seminars and rip them off for heaps on what is on many occasssions just basic knowledge that any good…[Read more]
trustee replied to the topic Chan & Naylor Accountants – Reviews? in the forum Legal & Accounting 14 years, 5 months ago
Hi, I agree with Kuradji,C&N make a big deal out of getting people to their Financial Health Checks charge $395 for what many times could be disclosed over the phone or a ten minute meeting. Often and in general most people would not need a trust set up for property unless they have a complex business or personal situation to deal with or…[Read more]