Recent content by Jackass

Hello to all you overseas investors. Just a question to see if someone can tell me how income brought into Australia from an overseas IP would be taxed? I have not looked into this before. Secondly and slightly different topic, is overseas winnings tax free when you bring them in? For example...

In regards to the ATO, I believe the renting of your PPOR from a Unit Trust has been disallowed. However, it is still possible to do it with a discretionary trust.

Is it necessary to use a Testamentary Trust in a will if your properties are already held in a family trust? I recently had a Testamentary Trust set up for me and there is a clause in my Will that expresses the wish for the Executor of my estate to wind up my existing family trust as soon as...

Hi Paul. It is my understanding that the interest would be deductable to the trust regardless of whether the trustee borrows the money to repay a beneficiary in a discretionary trust or a unit holder in a unit trust. I think you will find the trustee using the revaluation of an asset as...

Hi guys. I was about to post a similar question. Sorry Always_Learning, but slightly off-topic: If a Cashbond is purchased by the trustee of a family trust and income stream distributed to a beneficiary is this taxed as income to the beneficiary or is it seen by the ATO as a return of...

Thanks guys for your replies. Some good further ideas to consider in a few years time when I am hopefully in a similar position to that used in the example. I agree with Les, James and Brains about holding off for a higher net worth before attempting to retire on this amount of equity. My...

Hello Everyone, I’m interested to hear the strategy you would use if you had net equity of over $600,000 and could happily retire on $50,000 pa. How would you turn this equity into cash-flow to replace your income? Using the following scenario as an example: 10 properties – average value...