221D Variation and trusts

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MarkyMark
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@markymark
Join Date: 2003
Post Count: 132
December 21, 2003 - 3:46 am
Hi I was just reading redwing’s post (see below link) about the 221D variation. I was wondering, can you use this if you are investing under a trust/company structure?
https://www.propertyinvesting.com/forum/post.asp?method=Reply&TOPIC_ID=6288&FORUM_ID=16&CAT_ID=1&Forum_Title=Exclusively++Property&Topic_Title=221D+VARIATION
Terryw
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@terryw
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Post Count: 16,213
December 22, 2003 - 4:03 am
I wouldn’t think so, as losses cannot be distributed from a trust.
Terryw
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North Sydney
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showmethemoney
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Post Count: 103
December 22, 2003 - 8:02 am
quote:
I wouldn’t think so, as losses cannot be distributed from a trust.
Terryw
Discover Home Loans
North Sydney
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Terry and MM
If you invested via a unit trust structure then yes you could offset any losses against income.
Still in School
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Join Date: 2003
Post Count: 1,844
December 22, 2003 - 8:16 am
Hi Team
doesnt that also apply to hybrid trust? that you can also distribute losses against income?
cheers
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“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
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showmethemoney
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Post Count: 103
December 22, 2003 - 8:52 am
Yep
A hybrid trust is the combination of a discretionary and a unit trust.
Clive
Terryw
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@terryw
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Post Count: 16,213
December 23, 2003 - 2:33 am
Unit trusts still cannot distribute losses. I beleive that a way around this is for the unit holder to borrow to buy units and claim the expense that way against their personal income. In this situation, you could probably a variation of your tax.
Terryw
Discover Home Loans
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
showmethemoney
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@showmethemoney-2
Join Date: 2003
Post Count: 103
December 23, 2003 - 7:22 am
quote:
Unit trusts still cannot distribute losses. I beleive that a way around this is for the unit holder to borrow to buy units and claim the expense that way against their personal income. In this situation, you could probably a variation of your tax.
Terryw
Discover Home Loans
North Sydney
[email protected]
Yes, that’s the way.