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  1. S

    What classifies as expenses for family trust?

    House will be held. How does that change?
  2. S

    What classifies as expenses for family trust?

    My accountant is also telling me I can claim child minding expense on the trust if I receive an invoice - is that correct?
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    Rental Income Tax

    But if you take the money out from the house you pay off (house 1) to put it into your current PPOR (house 2) and rent out house 1 - doesn't house 1 now become an investment property? Why can't he claim the interest on that then? It surely is no different to him selling house 1, using the...
  4. S

    What classifies as expenses for family trust?

    Because the property is in my own name and not the trust. Does that mean I can claim any goods or services purchased (as long as the invoice is in the trust name) even if it is not related to helping the trust generate income?
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    What classifies as expenses for family trust?

    Hi, I have just set up a family trust. What classifies as a taxable expense for the trust? I have bought a property in my own name and will be doing some renovations on it - if the builder gives me an invoice under the name of the trust, can I claim it as an expense? My accountant seems...
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