Hello Guys,
In a month or so (with any luck) I will break into double figures for IPs. At present I have a buy / hold or buy / renovate / hold strategy. Like any investor who is relatively new to the market (3 years) I am interested to hear if anyone has advice on asset protection and reducing tax My IPs are secured by my PPOR.My partner and I both have jobs that earn over 70k a year. For Land Tax we have three different entities on the Titles.
I have been told setting up a trust is a good idea but dont have the expertise.
Has anyone done this recently?
Segregate your properties. ie. dont keep all your eggs in the one basket. Dont secure things against your PPOR either as it will be at risk.
Def look at discretionary trusts.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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