I have read that a HDT can lease back a property to the trustees. Could anyone who has achieved this share their experiences? Comments from qualified people also welcomed.
Thanks
SalockerYes it can. But if not done properly the ATO can disallow the deductibility of interest.
Have a look at:
TR 2002-18 – “Income tax: home loan unit trust arrangement”Available from:
http://law.ato.gov.au/pdf/tr02-018.pdfTerryw
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Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I’ve also hear of people using a company structure to do the same, even to the extent of slightly more complex with an accountant or such sitting in a temporary position of power..
or the easiest ways is maybe as described by Noel WHITTAKER where two people buy similar houses in similar areas and rent to each other?
REMEMBER though if you sell you pay CGT
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsThanks for your feedback
Lots of Pro’s and Con’s (and i’m not talking Kings Cross or the local lock-up)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
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