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  1. Paul@PFI

    Mortgage trusts and serviceability

    Tyla...A unit trust allows ownership to be changed without changing the legal owner on title. In some states and some property that can mean NO stamp duty to change the underlying ownership % or even bring in a new investor (or exit one). A very common issue with youger taxpayers buying an IP is...
  2. Paul@PFI

    Mortgage trusts and serviceability

    Its important to understand that your personal situation isnt the same as anyone else. Its dangeorous to assume - My wife always says it makes an a#$e out of you and me. Nothing beats personal advice. But the final decision is yours. You can select or discard advice. Sometimes I have given...
  3. Paul@PFI

    Mortgage trusts and serviceability

    Peter touches a very good point. In some cases a trust can be problematic. eg : NSW property and loss of the land tax threshold unless its a fixed trust. Even then if the unitholders have fully used their threshold then the fixed trust is of no apparent protection and some may argue a waste of...
  4. Paul@PFI

    Mortgage trusts and serviceability

    Thats not quite true...Some people in high risk situations can have a VERY high asset protection risk. eg a gyno, surgeon, dentist, lawyer, some accountants, some financial planners. They often have some form of professional insurance and that is the first line of defence. The common practice is...
  5. Paul@PFI

    Mortgage trusts and serviceability

    A sham loan through a trust doesnt give any asset protection. Its could be as evident as me taking out a second mortgage over my own home. Good luck with getting the first mortgagee to consent. If a fixed unit trust hasd been used in this example a refinance of a change in unitholder may...
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