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based on TD 2009/17: http://law.ato.gov.au/atolaw/view.htm?locid='TXD/TD200917/NAT/ATO'&PiT=99991231235958 So the structure would be something like: Unit Trust -> x pty ltd as trustee -> director/shareholder = discretionary trust - me and mrs as trustees but if the trust is taking out the...

ahh i c. In terms of getting a loan then and paying off the loan. correct me if i am wrong...Under the unit trust structure, rent would be then paid to the trust...the outstanding repayments would also be paid by myself my mrs..all expenses, deductions, depreciation etc. would therefore...

Hi Terry, just wondering why it would be better to have the shareholder as a discretionary trust as well?? and is it difficult to get a loan when you are looking to buy through a trust/company structure? thanks

what are the rough costs to establishing a company and trust

Hi Terry, can you please explain the above?? Also is it worthwhile having this kind of structure when essentially I only will be having 2 properties in the short term?? On a $150K loan, the interest would be around the $10K mark or so anyway. Just not sure it is financially worth it, as at...

and if I treat it as a PPOR?

Are there any pros or cons to using a unit trust? and by using a company as the trustee? If the company was the trustee, then the company would need to be setup as my mrs and i being the directors/shareholders. In terms of claiming expenses of the property, would that all fall under the...

So i guess the only way I can claim full deductions is if I loan it to a trust? correct me if I am wrong, but would this be through a unit trust? Also would it matter if the trustees were myself and my mrs? or would it be better to be via a company? If my mrs and I were to get another loan...

if I were to "invest" or loan the $150K into a company that was a trustee to a trust to purchase the property, would that be deductible then?

back to my original Scenario My IP is worth: $300K with an original loan of $150K, I maximise my loan and draw equity of $150K. The IP was my original PPOR and now its currently being rented out. I am just wondering as i have only borrowed $150K and the rest of the money is technically my...

thanks guys for your reply. rolf: what would it entail?

Scenario IP: $300K Equity: $150K I have taken additional equity from my IP and now want to buy a PPOR. Is there any way I can still claim interest from the equity? Or any suggestions on what I can do?

2 scenarios 1: If vendor changes their contract with the developer to my name, will i be exempt from stamp duty under as it is "off the plan" or would it be 25% discount? 2: If i purchase after vendor settles with developer would i still get 25% discount on stamp duty under "new home" as...

It was only the offer that was accepted in writing. The deposit was 0.25%. No contracts have been exchanged yet though.

I had an offer for an OTP apartment which the vendor was on selling. He accepted the offer which included them paying for any stamp duty costs. They are now trying to get me to pay some bits in "cash" so they won't have to pay double SD. I told them no and that they would need to honour our...

The vendor has not yet settled with the developer. So does that mean I cannot purchase the property? Or does it mean the vendor is selling me the OTP contract? The vendor is saying they will pay for any SD costs though....does this mean I can put it in the contract and deduct it from any...

Am looking to buying a property from a seller who previously purchased off the plan. My understanding is they do not have to pay SD as it is under $600k. Should we settle prior to the seller completes settlement with the developer, does that mean my SD is exempted too? This is assuming the...

new to the area....any recommendations?

hi guys, im new to the forum. ive got 1 IP in QLD and have now moved down to NSW. just wondering, say ive my IP has a loan for $200k, i have equity of $100k, i want to draw out $50k for personal use ie. debt consolidation, holiday, car or whatever but i also want to draw out a little extra...