Recent content by Poweregg

Thanks HotRod This looks like a good solution...at least it can stop the tenants asking why....just told them...please check your lease...

Hi All, I just quite confused the monthly rent payment method. Pay rent monthly is quite normal for tenants to pay their rent. For a property rented at $700 p.w. or $100 per day, the monthly rent is ((700/7) x 365) / 12 = 3041.67 p.w. If Tenant A stay from 1/1/2013 to 30/6/2013, and...

Hi MIW Did you accountant give you some advices regarding this issue? I talked my accountant today, he is not very sure this structure...but he mentioned ATO maybe attack you "Money from trust to company, then company to trust....which means money stay in the trust and you need to pay 46.5%...

Total agree, sadly my accountant suggested the "Traditional Structure - Trust with a beneficiary company" to me. If there is no DIV 7A and UPE issue, you can "distribute" money the company, pay the 30% tax, and Trust still use/control the money... Now once the distribution done, the money...

Thanks Terry, the blue part is what I want. As natural beneficiary maybe have high income sometime, use a company as "Buffer" to hold the money and pay the 30% tax（this part is claimable...so attractive）... Then when next year, or after couple years, the natural beneficiary have low income...

Hi All, As the title, I don't know whether it's legal and possible for: A family trust owns all shares of a company, also the company is a beneficiary of the trust:confused: As a family trust, you need to distribute all taxable income to beneficiaries otherwise the trust will be taxed on the...

No change ...

I know it looks ridiculous, but the fact is: The OC should be responsible for all the cost, unless the damage was deliberate... ============== The Department of Fair Trading has deemed any damage to common property made by either owners or tenants as being the responsibility of the owners...

Thank you very much, TerryW. (Also reply at another forum...) From ATO & Centrelink, they don't want ppl hide their assets in trust and enjoy the benefit like pension.. But as I know, lots children put their parents into family trust to reduce tax...but when the parents retired...they...

Thanks Aaron_C & Terry Actually this company is a benefiaciary of a family Trust. This company has not assets or carrying actual business, only receive distribution from a family trust. My accountant told me if I put parents as benefiaciary straight, they maybe can not receive any...

Hi All, I 100% own a private company with 100 shares, now I wish my parents can receive some dividends as they have no income. I notice there are lots type of shares. like type I: no vote, no equity, dividend only I want my parents received dividens but I still want control my company...

Is the loan for investment? If yes, I think the insurance for the loan is tax deductable

Hi Ed, I will find an accountant eventually, but don't you think it's quite nice to post some ideas here and if you know nothing,how can you know an accountant is good or not? Lots people can read and they can give you excellent advice and some other people also get help from these answers...

Another further question, 1,The Trust do have a company trustee(one person is Director,and share 50% shares with his wife) 2,The Trust have a business to generate income(The couple works to run business). 3,The couple don;t get paid from Trust or company, only get dividends as beneficiary...

Hi wobbycarly,alexlee,The Y-man, thanks for the reply. I checked some ATO's info. 1. like my previous link http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/83291.htm If the property is rented at market price, the trust can claim all expense like intertest,land tax,council rates...