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a comparison / review of what and where to use the types of trusts, esp HDT's and why they are now out of favour. :)

Ahh ok, that makes sense. Well those panels / bill are on a place i will possibly rent in the future, so i might still consider doing it given it will be under the 60c tariff for the near future. thanks for all the replies!

Not exactly, and it sounds like you've not seen a power bill with a solar feed in. It's in two separate section, clearly showing how much was spent on power and how much the feed-in generated. My plan was to have the tennant pay the electricity charges (e.g. $546.13) back to the agent and...

Hey Scott, good question. i thought i'd handle it like you would a water bill, where the tennat pays usage and i pay for the sewerage. they are both itemised out on the bill, so it should be clear who owes what. i'm guessing? hence the post :)

hi Folks, Not sure if this has been covered (a quick search and i didnt see it?). I am currently looking at a deal for some cheap(ish) solar panels, where they would become cash flow positive after 2-3 years (after depreciation etc). Has anyone considered dropping panels on an IP and...

i didn't see it stated, so i'll state the obvious. Keep in mind that any distributions to a beneficiary need to declare the distribution as income and pay income tax on it. This is why it impacts the people on centrelink benefits. It's treated differently to a gift between people and the...

I guess, it depends what you're looking for. If you're looking for structural integrity, pay a private certifer or your building inspector to look at it and explicitly list it in their report. You may not be able to find it because it might be exempt under SEPP in NSW...

one way to do it, is to buy the property in a fixed unit trust (FUT) and claim the negative gearing now. As the property reaches cash flow positive, you can sell those units to a DFT and then distribute the income. You do have a CGT event to consider when you 'sell' the units to the DFT (or a...

we need a like / lol button in the forum... :p

Why would you not just buy in the name of a fixed unit trust and make the units relatively weighted to the amount of the deposit your partner contributes? so if you buy a property for $600k, leaving a loan balance of 540k which i'm assuming you'd split 50-50, that would give her 60k + 270k =...

ok, advice taken :)

Hi Alex, thanks for the quick reply mate. i'm a bit more confused now :) The bank loan is between the unit holder and the bank, not with the trust. The unit holder borrows to buy the units and the trust gets the cash. what i thought was the cash received from the unit sale is then CR'ed into...

hi folks, I'm looking at using wave accounting to run the ledger for my fixed unit property trust. I'm looking for some advice on what accounts to setup for the starting balances of the ledger. The FUT issued 100 units @ $3000 per unit (i.e. $300k) to purchase land for $100k and...

I also use a fixed trust to get the land tax exemption in NSW.

it depends on whether the trust it self is treated as a special unit trust or a fixed trust (with assessment) by the OSR. You can have dodgey unit trusts that are treated as a SUT, even though by deed they are a FUT. a fixed trust will receive its own land tax threshold independent of you...

Have just been through an audit and this was raised. I had to demonstrate that the land purchase was for investment. just be aware some expense go to your cost base (plan's / architects fees / etc) that will be deducted from the sell price, not during holding. i had also put in my back pocket...

MGS unit trusts from now on, when its cash flow positive, i'll sell the units into a DT for income distribution to lower income earner or into my Super. No more in my own name.

hi HB, you also need a really experienced project manager to help you negotiate the mess with council, DA, CC's etc. I worked with a guy on a very complex residential build (400Sqm in a pain-in-the-neck council with lots of local hippies to fight) who helped me through it. His speciality...

and they may also be on the deposited plan, usually marked with a letter saying "restricted for use". Depends on how good the surveyor is and whether or not they annotated them there.

3) you can on the contract of sale, put TBD or your name and have a letter agreeing with the vendor that you'll switch at settlement. If you are financing the place, the bank will want to see the first page of the COS and validate who is buying the property. So be aware that you might have...