Recent content by Sharon OMalley

  1. Sharon OMalley

    Accountant in Melbourne

    Hi Guys I also worked at GGA for a few years, it was my first real accounting job..... and i must say, I know the new owner and have met him on several occassions before he purchased GGA as well as after. I must say, I found him to be very down to earth and very approachable, if you are...
  2. Sharon OMalley

    Renting from a trust

    HDT to personal names Hi Liverpool You will need to get a registered property valuer to value the property. You can then get your solicitor to transfer the property into your personal names. You will however need to pay stamp duty etc on the transfer of the property. your accountant should...
  3. Sharon OMalley

    Renting from a trust

    Hi Guys, I hope you don't mind if I put my 2cents worth in on this debate :) You have a big problem! I have hopefully attached a copy of the tax office ruling TR 2002/18 regarding unit trusts and home loan arrangements. The problem is as follows: 1. The Hybrid Trust, although not a...
  4. Sharon OMalley

    HDT explanation for Dummies???

    Hi Gordon, You are right the costs would be considerable; I believe that if this does go to court the best idea would be to get a fighting fund going with so many people out there with the HDT I don’t think there would be any difficulty in raising money. I also believe if the MGS HDT deed was...
  5. Sharon OMalley

    HDT explanation for Dummies???

    Hi Smart person protecting your assets especially when your single :) I would suggest a pre-nup or cohabitation agreement to protect your assets regardless of which trust you use. However, as i said earlier the HDT has not been tested in a court of law so the best idea would be to cover...
  6. Sharon OMalley

    HDT explanation for Dummies???

    Not sure if politicians use HDT's but i do know the use the family trust :)
  7. Sharon OMalley

    HDT explanation for Dummies???

    I dont know, you obviously havent been in a bad relationship with someone wanting to take a share of your assets because they have spent some of their life (regardless how short that may be with you) As a single person you should understand the need to want to protect your assets from anyone...
  8. Sharon OMalley

    HDT explanation for Dummies???

    Sorry I went away for a long weekend and only just got back yesterday :) You are correct, I wouldn’t suggest a HDT for asset protection only.... although touché on your trees suggestion :) in every post I have said it is only a CONSIDERATION and although the HDT has not been tested in court...
  9. Sharon OMalley

    HDT explanation for Dummies???

    Thanks for the kind and gentle introduction into the somersoft forum, I must say if your on the welcoming committee it was very sweet of you with your kind words. Yes I DO support the HDT however with so many badly written trust deeds out there; yes I believe the whole debate is up in the air...
  10. Sharon OMalley

    HDT explanation for Dummies???

    Hi GSJ Thanks for the welcome :) I do support the HDT, but I also believe that they should be used in the right situations, the HDT is not for everyone, each person's situation is different and therefore should be analysed on their needs for not just the immediate need, but what they are...
  11. Sharon OMalley

    HDT explanation for Dummies???

    Lisa i seriously suggest you sit down with your accountant and discuss the entire situation and outcome of HDT. Your investment in a HDT isnt just about saving you tax today, but setting your investing life up for tommorrow. The only way you are truly going to learn all about HDT is to sit...
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