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  1. Paul@PFI

    Buying via a trust

    Careful with a loan to the trust...You can have a loan agreement etc but in 10 years time when you go to pull the loan back and the ATO ask they may well query the written agreement - How was it a loan when there was no interest, no repayments etc - Prove the original source of funds ATO...
  2. Paul@PFI

    Buying via a trust

    Mitch - I encourage all clients to learn, read etc. When we meet I find they ask thoughtful questions and their time is productive and better value than a newb who doesnt know anything. Yes, ALWAYS remember an investment is an investment. The tax issues go with it but should never drive it...
  3. Paul@PFI

    Buying via a trust

    I saw a client who was confident he knew what he was doing. He setup trust and saved a few bucks. Applied for an ABN for the Company Trustee (not needed) as well as the trust. No legal costs, no accountant costs...This was cheap for him. His contract had the Company ABN and didnt mention the...
  4. Paul@PFI

    Buying via a trust

    No you are NOT buying under a company. Your lawyer has also said the same. The company si the Trustee of a trust. The Trustee will be the legal owner of the TRUST property. Here where it can get confusing.. Many developrs allow trust to own the land. They then BUILD using a company so that...
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