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Thanks to everyone for great info. I'll go ahead with the business account to keep things separate.

Is it 100% necessary for the Corporate Trustee of a DT to have a bank account in its own name to receive rent and pay expenses or can that all happen through a personal bank account? For lots of reasons I prefer the later but my accountant is pushing me for the former. My records are thorough so...

Once again great info. I feel like I've died and gone to heaven! Just quickly: I did ask the agent if the current seller considered selling the Titles separately and she kind of stopped in her tracks and eventually said they didn't think of that. I guess some people don't want hassle. Both...

Sincerely thanks to both of you - I particularly like the comment "you have no idea" :) Yes my intention is to sell one and keep one so sounds like CGT won't come into and just income tax (on the amount of income that the Trust disperses come end of this financial year). The entire land...

Hi guys My wife and I are in the process of purchasing a second investment property in the name of our Trust (with corporate trustee) and it Settles in a week. This one is interesting as it is actually 2 Titles, with a house on one Title and a large colorbond shed on the second Title. The...

Thanks RPI - to clarify the Company has an ACN but I don't believe that a TFN was ever created for it. Thanks Terry - Appreciate the advise about Trusts. If I put both of your responses together then I should list the Lessor/Landlord as the Company Name "XYZ Pty Ltd ACN 123 456 789" and...

Hi guys I self manage my own IPs and haven't come across this latest issue as previous IPs were just in my own name. I have recently created a Discretionary Trust (ABC Trust) with a Corporate Trustee (XYZ Pty Ltd). The name that the IP was bought in as listed on the Contract was "XYZ Pty...