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It would cost $2.2K for the conversion but save $2.8K p.a in land tax each year. No CGT or stamp duty consequences. I've just read somewhere that a 'sole trustee of a unit trust may be one of its unit holders but not the only one'. Does this apply to Land Tax Unit Trusts? I'm the sole...

No, I only have one property in my own name and it is well within the tax free threshold. The other IP's are in the Hybrid Trust and are charged land tax from the 1st dollar.

I received a letter from Macquarie Group Services today asking me to consider converting my Hybrid Discretionary Trust to a Land Tax Unit Trust. Yes there would be significant land tax savings but I'm not sure I'd be better off using an LTUT in the long term? The benefit of having a HDT is...

Is anyone here in the Navra Structured Property Fund? A percentage of the funds are invested in the Retail Fund, with the aim of using the cashflow from the Retail Fund to offset the negatively geared properties in the Property fund. I'm wondering how the Structured Property Fund will...

Hi Steve/Sim. Are you any closer to uploading this presentation? I stumbled across this thread after doing a Google search on the Navra Retail Fund. A friend of mine received a letter today from NavraInvest advising that the fund moved into cash last November and "cannot confirm when a...

Yes, agree with the others - thanks Chris! I've been absent from Somersoft for a while so only found this discussion today. Great thread! BTW, where's Julia now? :D

Slightly off the topic, but if you make monthly principal and interest repayments do you have to work out the interest portion for yourself (for tax purposes)? I've only ever had interest only loans before and one of my loans has just reverted to monthly principal & interest repayments. The...

Yeah, one of my loans is still with them but I initially went through a broker. I haven't switched lenders yet so I have to deal with them directly now. Why did they dump brokers anyway?

5yr was 7.84%, now 7.6% 4yr was 7.74%, now 7.55%... No change for 1yr fixed.

Interesting Bank of Qld reduced their fixed rates today.

Exactly the way I see it peaches, and if variable rates do go down after I'd fixed I wouldn't be stressing over it. I like the certainty of fixed rates. However, if I was into betting fixed to beat variable I have a feeling my chances of winning at this point in time wouldn't be too bad. :) But...

Hi alexlee, apparently they drop it .4% under a package so it might be more like 7.46% that people are paying which is still higher than the fixed 1-3 year rates. Hmmmm...in that case you would think the people providing fixed term funds (being experts in their field) would have more of an...

Hi, I haven't been following the trend in fixed interest rates lately but noticed the current Bank of Queensland rates are as follows: Fixed 1yr = 7.04% 2yr = 7.19% 3yr = 7.34% 4yr = 7.74% 5yr = 7.84% Variable 7.86% I thought it was...

Thanks Rob, it sounds too obvious when you put it like that. :o

I think we might be getting off the topic now so I mustn't have made my question very clear. The ATO has put a new question in the tax return this year at item IT5 under the heading of Income Tests which asks for your "Net Financial Investment Loss". Assuming the individual does have a Hybrid...

Hi alexlee, ok I understand what you are saying now. I'm not questioning the hybrid trust itself or whether or not I can claim the full deduction as I understand what I can and can't claim with my specific trust deeds. I'm talking about the Net Financial Investment Loss in general (assuming...

Anyone? Where did all the Hybrid Trust users go who have negatively geared properties?

Such as? The ATO's definition of 'financial investments' isn't very clear. Would Individual A have a Net Financial Investment Loss or not? If not, I suspect it would be beneficial in that it wouldn't affect government payments such as Family Tax Benefit (which now adds back any investment...

So using some figures as an example: Individual A borrows $100K at 10% p.a and buys 100K Income Units in a Hybrid Trust. The Trust buys a property and distributes $7K net rental income to the individual (unit holder). The individual must report a Net Financial Investment Loss of $3K...

I noticed in this years tax return there is a section IT5 - Net Financial Investment Loss. http://www.ato.gov.au/individuals/content.asp?doc=/content/00223018.htm&page=2 Complete this item if you received income from or claimed deductions in relation to any of the following types of...