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Howin theory would this work. One particular trust is making profits from one source or another. The second trust is holding loss generating property. How does someone distribute the profits to the trust carrying the losses. I have been told by one source or another that this is done by...

Details. We have 250,000 in LOC Proposed development split between 3 parties. The land is costing 265,000 plus s/duty Villas will cost approx 150,000 each to build Estimated costs to complete the first two villas ready for sale + buy and develop land, draft, council, stamp duty and...

Since starting our own business, my wife and I have experienced a huge paradigm shift towards believing that what ever we set our minds on achieving, then low and behold we achieve it. Ivariably these are all short term goals. I have just purchased and read a new book "Get Real, Get Rich" by...

Havent been on here for ages, how is everyone. The last six months for me has been flat out. Just sold a IP in Brisbane, got one on the market in Townsville and have just purchased another property in Brisbane(Chapel Hill) Started an Advertising Agency with my wife(which is just doing great0...

Ok yet another question. Hope this helps other people as well. Dear Dale or anyone else who feels they can help. What steps need to be taken to lend money from a trust to a benificery? I have an understanding that the ATO is quite strict on this, so what steps need to be taken by the...

Just a quick question, so that the concept is clear in my mind. When distributing profit to beneficiaries, and a book entry is used thus setting up a loan from the beneficiary to the trust. Question!? Does the beneficiary pay tax on the distribution when they have immediately lent the...

has anyone ever noticed how ab comes in and strafes every post he comes across and then dissapears for a month. cheers bicko

:) Hey guys, has anyone here had any dealings with Law Central.com from Western Australia. I subscribe to his newsletter and find it quite good. They offer Discretionary trust Deeds for $275 . Has anyone taken the plunge and tried getting a trust off the ground themselves. Cheers...

Does anyone know if you can use your Trust Bank account as your bank account for the trading business. eg the name of the bank account would be xyz as trustee for the abc family trust. or does the business bank account have to have the same name as it s trading name. cheers bicko

If you had a successful property company, and after all outgoings and after paying your 30% tax........ How do the directors/ shareholders utilise the remaining profits in the company? What are the options? (maybe without paying tax again!) cheers bicko

Just been doing some reading on FBT, can someone just tell me if this example is right or not? Lets say you have a nice profitable company dealing in real estate. Ok company pays employee $2000 for annual health insurance This reduces profit by the same amount, therefore saving the...

Acouple of friends of mine at work attended the 2 day Dymphna Boholt seminar on the weekend in Brisbane. Both raved about it. Will post a bit more that was covered when I get more time. Anyone else go, what were your thoughts. cheers Bicko

Just read through the thread started by RPI last year about "how you got started" Couldnt get over the comments by some of the posters on starting so late eg 30-35 30-35 for the majority of people is when they get there life on track and start earning a credible income. It basically works...

Now a couple of days ago, I was chatting to my Brother in laws father, in his seventies, very successful bussiness man, assets in Hong Kong, friends with Gerald Hervey Frank Lowy, race horses trained by Clarry Connors etc. Any ways the topic of the conversation was on trusts. Now he is...

Ordered his free video through the paper, received it about 5 days later. His company is called 21ST CENTURY ACADEMY the video is of one of his 3 hour seminars, quite entertaining, looks like he draws on influences from Kyosaki , John Burley and a bit of Peter Spann. Only a little bit...

Dear financial overlords, Am looking at doing quick turnover reno's to increase cashflow. We do not have the serviceability to reno and hold just at the moment. (all in good time) This would be a sideline business, so considering going under company pty ltd out of a discretionary trust...

Ok, bit of a curly one. Is it possible to take out a loan for say $200,000 in my name against a family members property. When say the property is worth $280,000. Would this save the property from being lost if an absolute worst case scenario occured. My understanding is that I would be...

just bought the latest book out on the shelves SMARTER PROPERTY IMPROVEMENT by Peter Cerexhe Covers the topics of Subdividing, changing the use, renovating, strata titling, dealing with professionals, marketing, case studies..... the list goes on. Probably enough to get a jubie newbie...

So as the increase in property prices rounds the corner, it s time to look at the basics and think if even we achieve only minimal capital gains, does the magical power of money leverage stack up against the constant positive cashflow from IPs that may not continue gain in value as other...

Wifey and I are considering changing our 2 investment loans over to a LOC. What we propose to do is attack the principle of the first one and pay interest only on the second property. Basically we are looking to accelerate our equity as the property market slows so that we can keep adding...