Negative gearing & Asset protection

[Ablaz]

Hello

I’m hoping that someone may be able to answer my question.
I’m very keen to buy my first investment property but I’m unsure as to the structure I should use to buy the property.
I plan to grow my assets over the years ahead and wish to protect them by setting up a trust with the right structure, but I have heard that if you own property that is inside a trust that you will not be able to claim the negative gearing tax break that would be available to me if I just purchased the property in my own name.
Is this really true?
Can I set up a different type of asset protection structure that will enable me to claim the negative gearing tax break?
And if this is really factual what are other investors doing in regards to this problem?

Thanks Guys
:p :p :) :rolleyes:

[Mry]

I’m hoping that someone may be able to answer my question.
I’m very keen to buy my first investment property but I’m unsure as to the structure I should use to buy the property.
I plan to grow my assets over the years ahead and wish to protect them by setting up a trust with the right structure, but I have heard that if you own property that is inside a trust that you will not be able to claim the negative gearing tax break that would be available to me if I just purchased the property in my own name.
Is this really true?
Can I set up a different type of asset protection structure that will enable me to claim the negative gearing tax break?
And if this is really factual what are other investors doing in regards to this problem?

Thanks Guys
:p :p :) :rolleyes:

It is almost uncanny, the question you are asking. It is answered 100% in full by "Trust Magic", available at
http://www.gatherumgoss.com/

Once you read it, then go and see an accountant familiar with this setup so it is done just right.

This will give you a high degree of asset protection & negative gearing benefits, which from what you are saying is what you are after.

[Ebbie]

Hi Ablaz, I recommend you start by searching the forum for hybrid trusts.

[Rolf Schaefer]

Hi Ablaz,
I can only repeat Mry's recommendation. Contact Dale (see details at http://www.gatherumgoss.com) or purchase his book "Trust Magic". Dale describes the structure(s) to be used to achieve your goals in a very clear and non-technical way.
I also always have a copy of his book in my offices for interested (prospective) clients. (I am sure Dale does not mind). :cool: :cool: :cool:

[simonjulie]

Hello

I’m hoping that someone may be able to answer my question.
I’m very keen to buy my first investment property but I’m unsure as to the structure I should use to buy the property.
I plan to grow my assets over the years ahead and wish to protect them by setting up a trust with the right structure, but I have heard that if you own property that is inside a trust that you will not be able to claim the negative gearing tax break that would be available to me if I just purchased the property in my own name.
Is this really true?
Can I set up a different type of asset protection structure that will enable me to claim the negative gearing tax break?
And if this is really factual what are other investors doing in regards to this problem?

Thanks Guys
:p :p :) :rolleyes:
Hi Ablaz
IMHO, flexibility is one of the key ingrediants to the investment game so really do your homework if you want to travel down the trust path.
There are other options depending on your risk tolerance.
Examples: Set up mortgages on all assets.That would not leave much to fight over.
Educate yourself in the art of litigation and desolve some of the fear. Hire a good lawyer when you need one.
They can take your money but they can't take your knowledge and will power.
But then again if you want to feel safe do what most others do and trust someone else with your assets.
Simon

[Mry]

There are other options depending on your risk tolerance.
Examples: Set up mortgages on all assets.That would not leave much to fight over.
Educate yourself in the art of litigation and desolve some of the fear. Hire a good lawyer when you need one.

Or you could separate from your wife and give her all your assets under a separation agreement.