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Coasty, Times do change, but I think I know that more than you if you think this is not an issue. Say you have investments or a business in trust. You make substantial profits. You don't actually need or want the money distributed to individuals, so must distribute to corporate beneficiary...

There is an issue that hasn't been discussed and that is taxation of trusts where you have a corporate beneficiary. The ATO has really made this hard and I am beginning to wonder if having two discretionary trusts with a corporate beneficiary is really now too complicated. The ATO have scrapped...

Amadio, I just tried searching for houses in Santa Cruz. For 200k you get a one bathroom/2 bed shoebox unit on the site I looked at. What street are you talking about?

You waon't have any problem selling this sort of property. Perhaps a tender process may be best. But.............. I would suggest that if it has just been re-zoned you can value add a very significant amount by gaining a DA before selling - or if you have the financial ability do the whole...

Thanks for the info - still not sure I have a definitive answer and I am going to run it by the accountants anyway.

Can't quite get my head around that! Sounds okay, I guess. I am surprised someone else hasn't actually done what I am asking about.

Terry, Thanks for the replies. Hmmm! Yes, that could work. I am specifically talking about listed equities and cash as the assets - hence wanting to have one portfolio. So Trust A distributes to Coy A, which is owned by Trust B. Coy A can then lend funds back to Trust A to add to...

Terry, Yes, I have a couple of books on Trusts and this is not really talked about. One of the main purposes of a trust is asset protection, but if you consistently distribute to a beneficiary company, then that company ends up owning assets - and because you own the company then it is part...

Does anyone have any ideas what is the current best way to return capital back into a DT after profits have been distributed to a company as a beneficiary? I don't want the corporate beneficiary to have any assets over time, as an asset protection measure. Can the profits after tax be simply...

Any updates on the final figures? Did any costs blow out? Thanks

And if the ATO ever get to see your posts............:mad:

Sailesh, Thanks for the reply. This is a largish project($20m). Op works has now been 18 months. We were issued preliminary approval 3 months ago and after meetings were assured we were close(2 weeks) with only a few issues to resolve. We have let the tender on the basis of this advice...

In Queensland, can anyone tell me the statutory timeframes for a Council to assess an Op Works application under IDAS? What remedy is there when they fail to make these timeframes?:mad: Thanks

GR you are forgetting that there are some very cluless people out there - to you it is simple and your little checklist says it all. But it is like share trading - to the few succseful and very xperinced players it is easy, to everyone els it is deadly. had a go at your riting style - esy to...

Mood for change???? killed off by the borg!!

I didn't know you had a fixed rate loan - I meant pay off the house loan then get a cheaper line of credit to pay off the unsecured loan. But, it is going to cost too much to break the fixed loan. Probably just part pay off the PPOR loan then. At the end of 3 years, get a line of credit and...

I would look at paying off the PPOR, then refinancing for business purposes to get lower rate and pay off the high cost business loans. That is, try to convert your non-deductible housing loan to deductible lower cost business loan.

I think some comments about esuper don't reflect what esuper is trying to be. They are service that does everything you require incl audits for a very cheap price. But THEY ARE NOT offering an online portal to follow your investments - you should do this yourself by using Quicken or other cheap...

I can get 6.15% 5 yr fixed IO on my 2 mill business loan(not secured by residential) today. Starting to look tempting. Anyone else have experiences with this type of finance?

Water - as in beach, not a dirty river. Yes, the bayside is not prestige I guess like Ascot etc (except maybe Raby Bay)and a bit far out but there is no real equivalent to Mosman I think?