Recent content by psych0tikx

Thanks very much Terry.

Thanks Terry Unit Trust holds one investment property in WA and nothing else. It is the first return and first set of financial statements. Family Trust is a unitholder for distribution of income from unit trust. It does nothing else and holds no other assets. Tax agent is a chartered...

Tax estimate Hi there I have been quoted the following estimate of costs for my affairs. Preparation of the 2014 financial statements and income tax returns for (this is for the first tax return and financial statements): o Family Trust - $800 o Unit Trust - $1,500 ...

This link appears to also have covered the issue: http://somersoft.com/forums/archive/index.php/t-6479.html

Yeh my Accountant has already said they can deal with it but would prefer that the bank accounts actually show the transactions occurring. I am speaking with the bank to see what they propose. If no one else has any other ideas perhaps I could draft a declaration of trust to show that the...

Thanks Terry I understand that process but for tax purposes I need the bank accounts to show the funds being loaned to me being paid the unit trust and then transferred from the Trust to the seller. Will these entries be automatic? What about the resolutions to issue units in the Trust I...

Hi I am a first time poster. I have really enjoyed reading the posts in this forum. I apologise if my question has already been answered, but I was unable to find the answer. So I have purchased an investment property in Perth. It is off the plan and settlement is due in November. The...