All Topics / Help Needed! / Business, Trust, Company etc…

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of CompleksCompleks
    Participant
    @compleks
    Join Date: 2007
    Post Count: 24
    February 18, 2007 - 1:18 am

    Has anyone got any good resourses (books, links, etc…) on the differences between these structures?

    What are the Pros and Cons of each?
    Which would be best to use for property investing?
    How would you go about setting them up?

    Cheers.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 18, 2007 - 2:28 am

    There are not many books out there on this stuff, but a few accountant websites have a list of the differences.

    Trusts are generally best for property investment due to the access to the 50% CGT discount which companies don’t get, and the tax advantages as well as the asset protection advantages.

    Companies are good for business as they limit liability. They are not good for owning appreciating assets such as property, usually, as companies are taxed at a flat 30%.

    A business name is nothing really. Just a name, not an entity.

    If you want to set up a trust or a company you had best speak to a good accountant – one that knows about property and structures. Not many do.

    Terryw
    Discover Home Loans
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    February 18, 2007 - 3:39 am

    Hi Compleks

    Steve product Wealth Guardian is very good. It can be found at:
    https://www.propertyinvesting.com/resources/11.html

    A couple of other books are:
    “How to legally reduce your tax” – by Ed Chan and Tony Melvin.
    “Trust Magic” – by Dale Gatherun-Goss. One place you can buy it is:
    http://www.propertyupdate.com.au/pages/Trust-Magic

    I hope that helps.

    Cheers, Paul

    Paul & Karen Dobson
    negative2positive
    Turn your negatively geared property into positive cashflow.
    Phone: (02) 4984 9540

    Talk to us about Wrap Training Joint Ventures.

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549
    February 18, 2007 - 9:16 am

    Hi Compleks,

    Our website has a document that examines the following tax structures.
    Sole and Joint Owners
    Company
    Trusts
    Self Managed Superannuation Funds
    Joint Venture

    Its a bit long to post here so here’s the link:
    http://www.propertydivas.com.au/3TaxMang/TaxStruct.aspx

    AmandaBS
    http://www.propertydivas.com.au
    FREE online Property Resources

    “It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

    Profile photo of CompleksCompleks
    Participant
    @compleks
    Join Date: 2007
    Post Count: 24
    February 18, 2007 - 9:35 am

    Thanks alot.
    I really appreciate everyones help.

    Profile photo of paulmeesepaulmeese
    Member
    @paulmeese
    Join Date: 2006
    Post Count: 26
    February 19, 2007 - 9:41 am

    Hi Guys

    I have a 2 page brief that outlines the different trusts and their uses it might be of some value to some of you.
    If you send an email to [email protected] i will send you a copy

    cheers

    Paul

    Paul Meese
    Onyx Finance
    [email protected]
    0412 850 820

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