Recent content by Serley

Thanks Paul -very helpful. There is a possibility of some future small business use of the asset by some family members (beneficaries) and I realise this needs advice. Funds would come from a personal contribution.

Hi We have a family trust which up to now has just held a few shares and we are now planning to use it to buy a small factory/warehouse for personal usage - storing a car and other goods. We have to pay GST on the purchase and presumably collect it on eventual sale. Are we able to setoff the...