Help in minimising land tax please.

Hi Ptn,
Westpac are not very good with trusts at all, but many other lenders are.

Accountant Coastymike has recently mentioned hybrid trusts cost around $1100 to setup. https://www.propertyinvesting.com/forum/topic/23356.html

DT can cost as little as $140 on the net, but if seeing an accountant, then this would be around $1100. You can also get hybrid trusts on the net for around $660.

Annual running costs shouldn’t be too much different.

Don’t think it would be complicated owing shares in a hybrid trust with property.

Hybrid trusts should enable you to save substantial amounts of tax if negative gearing, so it may be worth looking into.

There are other advantages too such as the refinancing principle – where after some growth, the trust may be able to borrow some money to buy back the units from you.

Terryw
Discover Home Loans
Parramatta
[email protected]
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