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Losses quarantined inside the discretionary trust. Great if you have other trusts with ability to distribute income, if you are a straight PAYG means no negative gearing.

All good Aaron

Try this for working out your calculations. http://amun.osr.qld.gov.au/sap/osrqld/wd_ltax_calc Some rough figures on 2 scenarios below Scenario 1 If you have $650,001 in your own name and buy a $350,001 UCV property Land Tax payable $4,516.15 Scenario 2 If you have $650,001 in your own...

Definitely legal advice Terry.

Aaron I think you must have misunderstood my post. The client bought 2 properties of $66k land value each in a single trust because the $66,000 per property meant they were not going to hit the $350k anytime soon. Trying to illustrate that although I usually recommend 1 per trust in QLD, it...

I often advise clients to buy only property per discretionary trust for this reason. It obviously depends on the value of the underlying properties. I set up one yesterday for 2 properties with a land value of $66k each. Client was comfortable that it was going to be a while until you hit the...