Redwing thanks for your wealth of info, will look into the books & newletter.
I have a link you might want to check, you prob already know it. But I am new here as you can see
>> /www.ired.com/
Cheers & have a good one
Red maybe also check this link once you have obtain the knowledge, ( same like wise), kinda a one stop trust shop heheh
http://www.aussielegal.com.au/informationoutline~nocache~1~SubTopicDetailsID~912.htm
Sorry Red really should have done it in the one paste
hi all
well will soon have some info on ed chan trust as I and a couple of other people are going to the somersoft meeting and ed chan is one of the speakers.
it is going to be a very interesting up comming year as the new tax commissioner has trusts high up his list of things to look at.
as you all will already know I use multipul trusts and have looked at alot of structures a couple of the ones that the ato are looking at I have had a look at but wouldn’t get involved in.
they have had limited success against the ato in some cases, the problem is the ato is like a shark he takes alittle bite to see if your alive and then bits a bigger bit off and then the big bites until there is nothing left the only difference with the ato is they not only leave you for dead but they hit you with penalties so hard that if you do live thru and you haven’t bled to death you are going to bled for a long time.( you can liquidate and walk again after 7 years look at mr bond but if he was attacked by the ato there is no 7 year grace, its on going).
so my advice is just like they say swim between the flags to avoided the sharks, steer clear of any problems with the ato anything you are not comfortable about, the bin is the best place for it.
This is the main reason my structure are setup by an accounting company and are checked with ato before commencement.
happy swimminghere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]Cheers Gross,
I read that link I think Terry posted in the commercial / finacial section re: Ato hot list.
Will be interesting to hear from you and your views on when Ed does his guess speaking. From the forumn here I have only heard positive.
One more thing, in your structure, is basically setup with a company & trust format ?
CHeers
hi AuzzieLad
yes each is individual company and trust structure and that is intergrated with other trusts inc discred familty, unit(mainly), and hybrid,and they are used for different parts of the structure.
currently there are 9 different micro structures within the overall structure,
and it has the flexability to absorb more micro structures.
each new project is a micro structure and is stand aloan structure with what ever (profit,products or revenue) feeding the main structure.
it could be called a pyramid system but then people would say I’m pyramid selling only trouble is you can’t buy my pyramid.and if you could not sure of the price I would put on it.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]Thanks for the links Auzzielad
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRed,
Thats ok, there are many links out there as there are books I guess. Sometimes you end up stumbling across them.
Hope u had a good xmas & new year.
Cheers
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