Recent content by sstjohn

I recevied the latest Residex promo email and it talks about a beta software program that is described as follows (quote): Note: I don;t work for Residex - just sounds of interest and those who perhapos don't subscribe to the email newsletter might have missed it) "Last issue, we...

Bit rough hey......

Hi John Dale will correct me if wrong, but I think this is where the rent is below market - where it is at (or above) market rent, it is OK and won't attract ATO ire. Wht pay above market rent? Well, if the desire is to asccumulate property in the trust, you can be paying down debt and at...

Hi Bundy Just ran the Deb and Equirty memo you refer to above from kevin Munroe and Assoc by my accountant. his response was: 'The article is a bit out of date as an extension has been given to 30 June 2004. - So some of the urgency has gone. Note these provisions relate to loans made...

Jocker I think you made the right call - the sinking fund is VERY high - by the way there are usually two funds an a body corporate (in QLD anyway), the Sinking Fund is to make provisions for major maintenance and repairs and is a seperate fund to the Administrative Fund - which pays for the...

By the way Dale, how does this relate to the strategy that Steve Navvra employs?

Are you kidding Dale? Does this help! You really are amazing how you'll answer all our questions, share your knowledge and do it so humbly as well. I hope you never underestimate how much the users of the forum appreciate the incredible contribution you and otherrs make tothis invaluble...

Thanks Dale! I gather then that you would do this if you had an IP increase in value and you wanted to take that increase as cash flow rather than use it within the trust as equity to fund another purchase? In your experience, how often are people taking an increase in equity out of a...

Here's another question for our more experienced forum members.... Again, reading Kevin Munro & Associates's (www.taxlegal.com.au) free downladable report ‘Trusts and Tax Planning’ (http://www.taxlegal.com.au/publicat...%20Planning.pdf) It makes the point that: "If income generated by...

Trusts and Distriubuting Captial Gains - Tax Free? Kevin Munro & Associates (www.taxlegal.com.au) free downladable report ‘Trusts and Tax Planning’ (http://www.taxlegal.com.au/publications/Trust%20and%20Tax%20Planning.pdf) talks about the practice where a discretionary trust revalues its...

Just wondering what you put in your will when you are the appointer of a trust. If we buy properties in a trust(s), what exactly happens when we die? Just wondering if anyone has had this question answered for them before I finalise my will!

Thanks Dale Yes - where cash flow positive, there's no point - and that's my current preference. Point well taken. I guess should I change strategies and look for negatively geared properties on a strong growth criteria, one could always revisit the question. Cheers, Simon

So Dale, would you recommend that future purchases be made in a Hybrid Trust and just leave what we have (one in my case!) in the discretionary trust?

Kevmeister I think you might be right - I wonder where that leaves all of us that have discretionary trusts and whether we'd be best to have future acquisitions in a Hybrid trust. Simon

Hi Dale You said above: "I cannot see why you would use another discretionary trust as these do not allow negative gearing advantages at all." 1. What do us poor bunnies with the "old" discretionary trust (DC)do where: (a) we currently have one or more properties owned in a DC and...