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  1. DaleGG

    Which name this time?

    Reply: 2.1.1.1.1.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Kevin A traditional family trust will see the loss quarantined until such time as the trust makes a profit and at that stage, the losses are offset against the profits. You personally get no tax advantage. However, this is a short...
  2. DaleGG

    Which name this time?

    Reply: 2.1.1.1.1.1.1.1.1.2 From: Dale Gatherum-Goss Hi Ian Hi Ethan A trust will cost about $2,000 to establish which will include stamp duty in your own state, the company trustee and the trust itself. Each solicitor and accountant will charge different amounts depending upon who pays the...
  3. DaleGG

    Which name this time?

    Reply: 2.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Ethan Absolutely enormous costs are involved in transferring properties to a trust. Capital Gains tax might be your biggest one followed closely by stamp duty on the market value of the property at the time of transfer. Then, you can add...
  4. DaleGG

    Which name this time?

    Reply: 2.1.1 From: Dale Gatherum-Goss Hi Mike Whilst I agree with your reasoning, I'm sorry to put a dampener on your enthusiasm, but, a transfer between spouses will attract CGT unless there is a family court order to do so. Stamp duty will depend upon each state or territory, but, may...
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