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Another contender I've come across: Investec One Account Pay your bills using BPAY or pay anyone via EFT (online) Visa Debit card ATM access (5 free withdrawals a month from any of the major ATMs) No account keeping fees Pays 2.25% interest Available for individuals, companies, trusts...

I need to setup a couple of bank accounts for discretionary trusts (with corporate trustees). I use a Business Online Account from Peoples Choice Credit Union for some other trusts. This has: No account fees Unlimited BPAY and direct debits Unlimited internet transfers No branch...

We have a couple of Harmony 525's and they work great. Very happy with them. Not sure if they are still available or have been superseded. Jason

Some of my random thoughts ... To minimize (not avoid), buy in a discretionary trust, wait until your other income is minimal (ie. retirement), wait until any children are of adult age, stagger sales over multiple years, then distribute the gains amongst as many low income beneficiaries as...

Why not speak to a mortgage broker about your options? Regards, Jason

Jsoe, Don't keep us all in suspense - is the certificate OK? Can a granny flat go ahead? :) Jason (watching on from the sidelines)

Paul/RPI, Actually it's timely you updated this thread. I was originally thinking of the unit trust with units held by discretionary trust route as: I already have the discretionary trust setup (use it for shares currently). So no additional cost for the extra trust. This setup on...

We pay $100 a day in a above median suburb of Sydney for childcare - I know of some day care centres in the Lower North Shore that charge $110 a day. I'm sure if you tried hard you could find one that charged more. I read the article and presumed that the figure quoted is before the rebate...

We bought a property for approx $700k and spent $75k on a reno. At the end of the reno got a valuation back of $750k - disaster! Waited three months and got another valuation done (earliest we could redo it) and it came in at $875k. Note part of the reno cost was converting part of the...

Just got quotes from my accountant and a lawyer for setting up a trust in NSW. From both to setup the trust with corporate trustee is approx $2.5k plus $510 stamp duty. Additionally there are some extra annual fees - Asic filing fee ($230), a fee to maintain the registered company office...

Agata, Your location says you are in England. Is this property in Australia and are you an Australian resident for tax purposes? Regards, Jason

I regularly top up our neighbours bins on rubbish night, however my ethics of bin borrowing: Only once the bins are on the street. Never overfill the bins (so lids must close properly). Always the correct type of rubbish in the bin. Regards, Jason

Anne, Thanks for that - it does actually show the unimproved land value as well as sold prices. Regards, Jason

How would I find out the assessed land value of a property I am thinking of purchasing in QLD? In NSW I can get it from "http://www.valuergeneral.nsw.gov.au/your_land_value/land_value_search" by paying a small fee. Regards, Jason

The problem with 1. when dealing with forums is someone who doesn't know better comes along later and assumes what they said is true because nobody said they are wrong ... Personally I'd go with 2 :) Jason

My reading of the QLD Land tax rules correlates with what you are saying - bad luck on that. If I go down the trust path, I expect I will go with each property owned by a unit trust, with the units held by a discretionary trust. Ie: Property Trustee 1 Pty Ltd ATF Property Unit Trust 1...

I was under the impression that trusts in QLD get their own land tax free threshold of $350k. I have seen it commented on Somersoft that this is a reason why when buying in QLD it could be worthwhile setting up each property bought in it's own trust. However, just came across this on the QLD...

There's was a drug lab around the corner so they're too busy sniffing up there :) Jason

GeoffW, Our PPOR has a convenient preventing the brewing of alcohol :) Doesn't say anything about selling it though ... Jason

From my reading of it you have $450k of shares and a loan of $150k for it. Take out a margin loan and lodge the $450k of shares as security for it. You can then do a draw down on the margin loan and pay it directly (so don't mix it with any other funds along the way) into your current Loan...