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    Hybrid Discretionary Trusts - The final word.

    A private ruling is only binding on the person who applied for the private ruling. It has no effect on others because the facts will be different.
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    Hybrid Discretionary Trusts - The final word.

    I think it is a little presumptious for you to allege that - I never said that lawyers (or any other profession) should not get paid for their services. All I am saying is that it is a difficult area of law. If your friend has done well then good luck to him. Why turn this into a fight?
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    Hybrid Discretionary Trusts - The final word.

    Yes, Trusts is a very nebulous area of the law...it's an area of law from which lawyers can afford to buy their massive Brighton beach houses
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    Hybrid Discretionary Trusts - The final word.

    Like I have said on other threads, HDTs are not viewed favourably by the ATO as investment vehicles because lots of people try to abuse them for negative gearing advantages. As for asset protection, it can work but usually people want both tax AND asset protection together. Given the ATO's...
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