All Topics / Legal & Accounting / Selling PPOr to Family Triust

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  • Profile photo of MicahRMicahR
    Participant
    @micahr
    Join Date: 2010
    Post Count: 4
    January 8, 2011 - 7:52 pm

    Hi
    Has anybody had any experience selling there propertry  into a trust fund ??
    Also any clever thoughts or ideas on Stamp duty.
    Property was and is a ppor then now holiday letting investement but still able to sell it as a tax free profit.
    Trying to sell the now positevly geared assest to myself so i can take further advantage of the PPOR laws.
    ie cash in my hand for next ppor reno…..
     Any smart ideas appreciated….

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 13, 2011 - 11:31 am

    You won't get around stamp duty I am afraid.

    Also there would be little asset protection, especially in the early years.

    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 MicahRMicahR
    Participant
    @micahr
    Join Date: 2010
    Post Count: 4
    January 13, 2011 - 7:25 pm

    Thanks Terryw

    Im just trying to move everything around now a bit expensive at first but long term im sure its worth it.

    Mike

Viewing 3 posts - 1 through 3 (of 3 total)

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