Recent content by Cian

30% !! Are these single home projects? I'm used to dealing with larger projects. I find that alot of these home building companies are cowboys. These were the questions I was hoping to shed some experience on.

Builders margin of 20% is very high in my opinion. 15% max There are so many pot holes when running a Constuction Business. Delays with suppliers/ bad workers/ permits/ Plant etc You would be far better to word you own contract rather thn accepting the builders one which is written to...

Where you have numerous properties is thre not a situation where loosing money on a property will benefit you?

Skater, Thanks for your story. I have learned so much from this thread betweent he info given and having to run around and ring accoutants etc. Worthwhile experiance. I'll update this thread as soon as I've made my decision.

I dont see why not? Would the property still be neg geared if you had paying tenants?

The trust i created was for share investments. Having made some money on these I have since decided that i would like to invest in property instead. I didnt know anything of the benefits of trusts and my friend (owns a property investment company) advised me to just put it in my own name if the...

I read trusts magic. Essentially, I'm under a bit of pressure to make the correct decision now before i launch into something. I dont want to put something in my own name only to have to transfer it over in a few years and pay stamp duty again.

Response to an e-mail enquiry to my Accountant. Thanks guys your help has been invaluable

I disagree with your take on asset protection and lack of tax flexibilty. A hybrid trust will allow for the neg gearing tax deductions and its whole purpose is asset protection. However, you may be right re finding finance. I cant say i have had experience on this front.

I dont see why that would be the case. If they let me sign a new contract, i can put the name of the hybrid trust down. I dont see how this would make me incurr the stamp duty again? There is no exisiting investments in my current trust either. I need the hybrid to get the neg gearing benefits...

Thank you for the above. I rang the seller yesterday and they seem ok with the idea of tearing up the first contract and rewriting a second contract but they need to speak to my conveyancer first. They said they will be in touch. I also very quickly need to turn my Disrectionary trust...

Apreciate all of your advise. Considering the Stamp duty is only 5k. At the end of the day its probably worth paying it if I have to. An expensive lesson though!!

The trust is a pty ltd inwhich I am the director. I presume you were looking down the line if I was the trustee?

The trust was in place. I just didnt intend to use it. I'll keep you updated.

I want to purchase my 1st IP through my trust. However, I signed the land agreement with my own name (before I decided to go down the trust route), my conveyancer now tells me that the only way I can do this is by a "Declaration of Trust" which they will prepare. I will have to pay stamp duty of...