Recent content by Millions

Thanks for that. And dutiable to the amount of only the value of the share being sold?

Hi Terry, Thinking about the administrative process and documentation, the corporate entity acting for the partnership technically wouldn't change on title so I'm not sure if there would be a transfer of land document created. The structure is actually 3 discretionary trusts as partners...

Just to add another layer of complexity we are considering a corporate trustee as an agent/custodian for the partnership. This will be the entity name on title and will hold the bank accounts etc rather than a title showing 3 disc trusts as tenants in common. Would this confuse the transfer of...

Thanks Terry, So just to clarify your first point, If we had a partnership of trusts which owned a property worth say $2m, and one of the partners who owned 25% wanted to sell his share to the other two partners, can we simply acquire this share and pay stamp duty on 25% of the property...

Hi Terry, If the unit trust was set up say 50(A)/25(B)/25(C) shareholdings and C wanted to sell their ownership to A and B, would stamp duty be payable on the transfer of the 25 shares (and therefore 25% of the asset value) or would it not be payable at all? (in Victoria for this example)...

Hi Terry, Just wondering in which situation a unit trust with say 50/50 shareholding would be better than a partnership of trusts with 50/50 ownership and a custodian entity managing the partnership. Obviously the set up costs with a partnership of trusts are greater, but are there any other...

You need to be careful doing this as an audit of your SMSF may reveal that at the time you signed the contract and paid the deposit the SMSF did not exist, and therefore can not have entered into a contract to purchase the property. If considering this option I would suggest at least setting...

A discretionary trust arrangement with a corporate trustee is great if you are certain that you will not have any trading/income losses on the property. The downside to a trust structure is that losses can not be distributed. eg: If you had a -CF property that lost say $100 per week net then you...

Hawk, Can you be sure that you will never have non-deductible debt again? If you keep the loan interest only and put whatever your principal payments would have been into an offset account then you can preserve the deductibility of the investment property loan and take the money out later when...