All Topics / Legal & Accounting / TRUSTS

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  • Profile photo of KipKip
    Member
    @kip
    Join Date: 2004
    Post Count: 2
    January 26, 2005 - 2:10 pm

    We are seeking to buy our first property and are wondering whether we need to establish a trust.Your advice will be most welcome. Kind regards Dolph

    Profile photo of PropertyGuruPropertyGuru
    Participant
    @propertyguru
    Join Date: 2003
    Post Count: 1,502
    January 27, 2005 - 4:21 am

    Hi You better search the forum for you answer there are lot’s of topic on this. Yes according to me you should get a trust to buy investment properties.

    Cheers
    PropertyGuRu [sultan]
    Mortgage Consultant
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    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 27, 2005 - 7:46 am

    Generally you should probably buy one property in your own name and then use a trust. You’re own home will be exempt from CGT, but a property purcahsed through a trust won’t be.

    Do a search and you will find heaps of info.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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