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  1. M

    If the Appointor gets sued, can they come after Trust assets?

    Hi guys - I just found this - might be useful to you. http://ntaacorporate.com.au/products/faqs/5 Go to the Question: "If an appointor in a discretionary trust gets sued, is the trust in danger?" I guess the moral of the story is to have at least 2 appointors (Yourself and someone...
  2. M

    How to determine "Market Value" of the property?

    Thanks guys. I've contacted the SRO Vic to clarify on this and will revert.
  3. M

    If the Appointor gets sued, can they come after Trust assets?

    To Mark Laszczuk: I actually have spent the past 2 weeks Googling and looking for exactly what you're suggesting. That's how I found this forum. I know a lot more about Trust now than I ever did. However, I still have questions which I haven't got clarified, and I thought why not post...
  4. M

    If the Appointor gets sued, can they come after Trust assets?

    A friend of mine got sued recently for his business activities, and ended up spending $30,000 in legal fees to defend himself. He could have won without a lawyer but he didn't want to put his property at risk (as it's in his name). So from his experience, I'm now obsessed with Asset...
  5. M

    Q about the 6 year CGT exemption rule for PPR

    Thanks guys, you've all been extremely helpful. I'm very grateful for your speedy replies. Woohoo! My property qualifies for PPR - I also did some digging, and found this ATO site - may be helpful to others here...
  6. M

    How to determine "Market Value" of the property?

    Hi All, Another question. Suppose I want to "sell" my property to my Family Trust. Per SRO Vic requirements, I have to pay stamp duty on the sale price or market value (whichever is greater). In this case, I would need to use the Market Value. But how is the Market Value of my property...
  7. M

    Q about the 6 year CGT exemption rule for PPR

    Hi all. I read a few threads here that talk about the 6 year rule - I actually never heard about it until today! I'm wondering whether if my IP qualifies as a PPR: 2006 - Bought the property as first home buyer. Immediately lived in it for 1 year continuously. 2007 - Rented it out (I...
  8. M

    What is the Stamp Duty when transferring to Trust?

    Thanks heaps. The info is helpful!
  9. M

    What is the Stamp Duty when transferring to Trust?

    Hi guys, I am interested in setting up a Discretionary Trust (Family Trust) to hold my investment property. This property is currently in my name, but I would like to transfer it to my Trust (so that the trust owns it instead). What would be the stamp duty (or other transfer costs) I...
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