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  • Profile photo of Young_InvestingYoung_Investing
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    November 10, 2008 - 7:01 am

    Thankyou both Terryw And Steve

    If it weren't for you blokes, guys like myself would be chasing our tails endlessly!

    I hope other guys that are as green as i can put this info to good use also!

    Cheers

    James

    Profile photo of Young_InvestingYoung_Investing
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    November 9, 2008 - 12:03 am

    I see!

    So what prevents myself from loaning it to the trust? i see i must be missing something!

    Cheers

    James

    Profile photo of Young_InvestingYoung_Investing
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    November 7, 2008 - 4:33 am

    Thanks terryw!

    My understanding is………….

    If i lend to the DFT, the trust will be paying interest (to me) on the cash i loan to it (50K), this interest the trust pays is tax deductible due to it using it for investment purposes (deductible to the trust of course), I am looking into cf+ property so this may not be such a bad idea? (i.e using the tax deductibility to offset against income produced by property?)  

    The interest i recieve from the trust is added to my annual income and therefore will be taxed………

    If loaned (or gifted in any case) will the trust distribute this cash to beneficiaries? Or can it sit in the DFT's Bank acc for when i find that all important first deal?

    anything to add would be greatly appreciated!

    Thankyou in advance

    James

    Profile photo of Young_InvestingYoung_Investing
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    October 19, 2008 - 4:50 am

    G'day Mate

    Best thing you can ever do is read read read, im new as well but have learnt a great deal from reading this forum,
    Remember people have some awesome ideas but its best to do your own research!

    – Start from scratch with your goals
    – Build a step by step process to achieve them
    – and most importantly follow your heart! if it seems to good to be true it probably is!

    Anyhow good luck with everything! and keep at it!

    James

    Profile photo of Young_InvestingYoung_Investing
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    October 16, 2008 - 5:51 am

    Thanks for the input JOEYD! good points!

    I will keep reading throughout these pages!

    Cheers

    James

    Profile photo of Young_InvestingYoung_Investing
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    October 3, 2008 - 7:21 am

    Sure are Richard!

    James

    Profile photo of Young_InvestingYoung_Investing
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    September 29, 2008 - 10:03 am

    Anybody else living in Brisbane who might like to network?

    [email protected]

    Cheers

    James

    Profile photo of Young_InvestingYoung_Investing
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    September 29, 2008 - 2:50 am

    Thanks guys much appreciative for the support! And the watchful eyes of the above posts     :-)

    ~ Richard i would be very much obliged to have a chat with you about RE and other ideas, let me know when it's a suitable time to send an email, other then when your on hols :-P and to tess85 thanks again for the warning! i have been told there are a few spruikers on this site, bit sad but i guess life goes on…………………….

    Cheers once again 

    James 

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    September 27, 2008 - 10:30 pm

    No i don't believe so!
     
    Im new to investing also so don't take my word as gospel………but do a search on this site an im sure you will find what your looking for! The guys on here have a wealth of knowledge!

    Cheers

    James 

    Profile photo of Young_InvestingYoung_Investing
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    September 27, 2008 - 10:25 pm

    Gday Rosey

    Thanks for the reply! ive sent off an email to you, which you should get shortly………Jeeez tough crowd hey :-) i see theres bin a few views with next to no replies!

    Still in search………………

    [email protected]

    Thanks once again

    James

Viewing 10 posts - 1 through 10 (of 10 total)