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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Hi Ed, I will find an accountant eventually, but don't you think it's quite nice to post some ideas here and if you know nothing,how can you know an accountant is good or not? Lots people can read and they can give you excellent advice and some other people also get help from these answers...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Another further question, 1,The Trust do have a company trustee(one person is Director,and share 50% shares with his wife) 2,The Trust have a business to generate income(The couple works to run business). 3,The couple don;t get paid from Trust or company, only get dividends as beneficiary...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Hi wobbycarly,alexlee,The Y-man, thanks for the reply. I checked some ATO's info. 1. like my previous link http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/83291.htm If the property is rented at market price, the trust can claim all expense like intertest,land tax,council rates...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    some ATO link: http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/83291.htm Ruling: 1. If the rental property is leased to the beneficiary of the trust at a commercial rent, is the interest on the loan to purchase the property allowable as a tax deduction? Yes. .........
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Nope, haven't got any advice from my accountant. Just read an article the people rent a home from their trust good side is can offset the trust's income, and can claim deduction like council rates,renovation... (as you said trust is a separate entity, it can rent home to beneficiary and...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Hi alexlee, I already have a PPOR, and for some reason I have to buy a property at other place and have to live there. (If I buy the property under my name,I can't use the loan interest to offset my income to reduce tax....because I can;t rent to myself) I want keep my current place as...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Hi PT_Bear Much appreciate for the answer. Just wonder: As a family trust, can the trust provide free accommodation to the beneficiary? Or Even claim for the expense like council fee,land tax....then provide free(or cheap) accommodation to beneficiary? Thanks.
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    Hi,PT_Bear Thanks for reply and sorry for I incrocectly using the word "Negative Gearing" What I mean is,like the trust have 100k income a year, If I buy a property and rent back,if interst is 50k and rent income is 30k, & expense is 10k, so the trust lost 30k(50k-30k+10k) per year...
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    Can I use family trust buy property then rent back for NG, and how about pay off loan

    I have a family trust, Can I use it buy property and rent back to myself for Negative Gear, And how about I pay off the mortgage Hi guys, Just get a bit confused under following condition: I want use family trust buy a property to live in, so I can rent from the family trust and the...
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