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A borrows to buy B's interest in income producing assets. A can claim interest and B can use proceeds to buy lollypops or pay down the PPOR loan.B's use of the funds doesn't change the deductibility of interest. A and B could be transferring units in trusts, shares in companies or interest in...

Its too valuation to show:)

Don't assume asset protection means buying in a trust. There are many ways to structure things for improved asset protection without buying inn a discretionary trust. Some cost not extra to apply, others cheap to set up. I've been making a list of asset protecction strategies or things...

Some people have good asset protection in some ways but not other. e.g A sets everything up very tight and fail to get their parents to property plan - with A inheriting a large sum of money and it all being exposed - perhaps for years to come. Travel insurance is a good one. I never used...

So to reduce your level of risk, vet ever contract you enter into carefully. I admit that I boought 10 plus houses in the early days without ever readinng a contract. I entered leases without reading anything other than the rent per week. I lent money to people without written contracts. I...

There are basically 2 areas of risk in being sued: 1. Contractual disputes 2. Negligence You are going to enter into various contract during your life - leases for renting yourself or leases for tenants, loan agreements, personal guarantees etc. Negligence could arise from tenants...

Also, if there is no equity in a property because of 1st and 2nd mortgages then the trustee in bankruptcy probably won't take title to the bankrupt's share as there would be no point. But they can lodge a caveat and sit back and wait for capital growth to kick in. They can sell the property...

Its rare to be sued, but if you look at the court lists there are thousands of cases each year. Bankruptcy statistics also indicate large numbers going bankrupt. Initially you may not be in a high risk area but after you acquire and build up assets your situation may change. I couldn't have...

I am a solicitor specialising in trusts and also have a credit licence and am a mortgage broker. If you have a loan, even from a related party such as a trust you are a beneficiary of, then you would need to disclose this to the lender when you are borrowing further. How this affects you...