I see in Steves most recent newsletter, he advises against buying property in a company because of the impact on CGT. I have recently set up a Discretionay trust with my company as the trustee and my company and myself as beneficiaries. I just want to make sure Im doing this correct. I would like to purchase a property that will be positive geared. I intend purchasing this property in the name of my TRUST. I would just like some feedback if this is OK and is this what Steve was referring to.
Sounds fine to me. You will be actually purchasing in the name of the trustee as trustee for the trust. The trust name doesn’t appear in title.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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