Search results

Hello, I was using the term 'family trust' in a generic sense. I meant if I had my time again, I would not buy in any kind of trust. We have a hybrid trust. It combines a unit trust and discretionary. I am in nsw. There used to be no threshold for land tax, but that changed a few year...

PS If I had my time again, I wouldn't have used a family trust to invest in property. We live and learn . . . And some mistakes are expensive.

Our trust is fully compliant. It has been updated a few times since we set it up (due to ATO rulings).

Thanks for your input.

Hello Terry W, Thanks. That all makes sense, and I am pretty sure it's the structure we have. Loans are in our names. We used these loans to buy income units. How does the redeeming process work? (Not that we'll be ready for that any time soon!) Cheers.

Thanks, Terry W. I will look at the deed.

Hello, My understanding, initially, was that we could distribute trust income, from any source, even if under debt, in any way we wanted (among family). That was the big drawcard when hybrid trusts were all the rage in the early 2000s (and when we established ours). I then took it to...

Hello, Yes, we have been claiming all the interest between husband and me. It is a hybrid trust (unit plus discretionary). When and how are units "redeemed"? In lay terms, is that what happens when the debt is paid? Thanks.

Here are her words: Because the property income is distributed in accordance with unitholding structure, there is no discretion for property income distribution.

Hello, I have three IPs owned within a hybrid family trust. The unit-holding structure is 50/50 between my husband and me. There is debt on all three properties. My accountant is telling me that any income derived from these properties can ONLY be distributed according to the...