Adelaide property investing

Hi Adam. The simple answer is no. It isn’t imperative for the majority of people. But it really depends on what the longer term plan is & your situation. How big will your portfolio get realistically? Will you invest in multiple states? Is your profession the type that is risky from a litigation point of view?

These are the things you should discuss with a structuring lawyer who specialises in entity structuring. They can advise you which entity is best suited to your situation & goals and why.

You would probably want to have at least one property that can access the main residence CGT and land tax concessions. If you are worried about asset protection on bankruptcy then there are strategies that allow for the property to be held in your personal name and to get some good asset protection as well.

Adam every step you make should serve a purpose,

now for me the only real benefit is you can change a family (discretionary trust) ownership and payments at your own discriection, this is huge value under the right setup and I feel mainly pointless really while building a portfolio.

to be honest why pay for a complex or even simply trust structure if it does not achieve any major win for you or serve a very important part of your goals.

Happy to chat about this and more anytime mate, but I am in no way a lawyer and can in no circumstance provide legal advice.

• This reply was modified 6 years, 4 months ago by  Jaxon.

Adam Sellers wrote:

Awesome, thank you so much Jaxon! I’ll do some more digging!

Jaxon wrote:

Adam every step you make should serve a purpose,
now the only real benefit is you can change a family (discretionary trust) ownership and payments at your own wants, this is huge value under the right setup and mainly pointless really while your building a portfolio.
to be honest why pay for a complex or even simply trust structure if it does not achieve any major win for you or serve a very important part of your goals.
Happy to chat about this and more anytime mate.

This answer doesn’t make sens. Are you qualified and licensed to advise on trusts Jaxon?

Not really sure what that means either Jaxon.

I am concerned that a poster has come on here seeking advice in relation to structure, you have come on and given some sort of comments verging on legal advice, albeit ungrammatical english – which could be due to rushing or being a non-native speaker, and then you offered to discuss further with the person. Yet you don’t appear to be a lawyer.

Then you have made some comments that the above advice was appropriate for you.

Not sure what to make out of all of this.

non qualified persons can’t advise on trusts, but they shouldn’t give general advice either. You seem to confuse accounting advice with tax advice – but only lawyers or tax agents should explain the tax aspects of a trust too – not tax incentives.

It is probably best not to comment, even generally, if you don’t understand what you are writing about, and best not to attempt to get new investors to call you directly in case you mislead them further.