hi all the trust people out their.
I had aread of chris batten’s web site and he recommends the following.
Developers should avoid acquiring the land in the same entity that undertakes the development.
my question’s is why.
with a hybrid Discretionary trust or unit trust the land part and the developing part are treated the same and for asset protection they are the same so.
maybe there is something I need to know.
not paying $99.00 to find out by registering but if there any already registered maybe ask.here to help
It would be the same as a business. Hold assets in one trust and trade from another, to limit liability.
CATA
Asset Protection Specialist
[email protected]Cata … close but so far away … GR i thought u were a big time developer from your other challenges and posts but hey the truth always comes to light …
Think out side the square of using a trust when developing for CGT and other ATO issues.
resiwealth … there r hyperthecials and realities in life … one wins the other loses
hi resiwealth
I did ask for people that would have the answer not all my post need to be answered by yourself unless you have the answer.
I am looking for people that have answers maybe your time would be better used to write a book and have a coffee.here to help
Originally posted by resiwealth:Think out side the square of using a trust when developing for CGT and other ATO issues.
This should not be the main issue behind setting a structure in place. Part 4a, tax avoidence.
See you in jail resi, maybe next to my cell.CATA
Asset Protection Specialist
[email protected]One other reason for undertaking the building and construction in another entity away from the holder of the land or building is the BSA.
In Qld your turnover determines the Assets required to be personally held by you as a developer and this includes purchase price of any land and building being refurbished.
By using an separate entity on a unit block refurbishment the purchase price maybe for example $600K on a block of 6 units and the refurbishment maybe $300K. You turnover would then be $300 rather than $900 and a consierable saving each year.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
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