Search results

Thanks Paul,that is the final nail in the coffin. Claiming the negative gearing,interest,maintenance and depreciation on both home and furniture and then renting once property became cash flow positive does appear to be attractive,however,the disadvantages weigh heavily in the opposite...

Hi Terry, I was hoping that you would answer. Cant say that I still fully understand all the implications,however it appears that renting our family homes (x3) from our family trust is probably not going to be as beneficial to us as I initially thought. Maybe overkill. Thank you for your...

Alexlee,I am currently considering this and thought that if I put it out there on the forum then the feedback that I receive will help me make my decision. Your contribution with regard to the rent received being taxable income and ownership of passive assets being in a separate entity are...

Just re-read the relevant section and yes Vicki you are correct,along with the added disadvantage of paying land tax. The flip side however enables you (the trust),to claim interest,depreciation and repair costs. Furthermore,if you fully furnish the home,this would mean that the furniture...

We are currently selling one of our family trust members PPORs' and investing the funds in a ongoing business. At some point in the future they will purchase another PPOR. In the book "Trust Magic" it states that it is possible to purchase property(s) within a family trust structure and family...