Search results

Hi All, I have heard about the gift and loan back strategy for family trusts for a while and was wondering if it was necessary (or even worthwhile) to have formal documents for i) the deed of gift ii) a loan agreement and also, iii) whether it is necessary for the gift amount to...

Hello all, I am just curious what the correct thing to do with the $10 settled sum to create the family trust? It was suggested to me I should make it the initial deposit into the trusts' bank account, but to me that doesn't look right, as wouldn't it then appear on the bank statement as...

Hello, I was just curious whether it is possible to borrow money from a bank (say $50000), invest it in your super fund, then claim a tax deduction for the interest paid to the bank. Is this legal? I've tried googling and the ATO website, but I can't seem to find the answer. Cheers