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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    You don't lack intelligence. I think you lack information. Or more precisely, I think you lack the information to ask the right questions.
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    The following is just my thoughts on this. The question is, have you gone through the same thought process? The fact that you think there is a 'most efficient' structure suggests that you haven't thought this through, because there is no ideal structure that is best for everyone. It depends on...
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Reeco, do you believe that the structure you plan on using gives the following: 1) Asset protection 2) Negative gearing 3) Ability to stream income
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    My own experience with trusts and tax structures is that it's all about the details. How you plan on using the thing, what exact transactions you do, what money moves from which account, etc. The best expert in the world can't advise you unless you actually have a clear understanding of what you...
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    The points you've raised regarding trusts in this thread says to me that you don't have enough knowledge to evaluate a professional's opinion. I would expect any discussion on HDTs to be based on case law, tax rulings, etc, not just you saying it's in a book. You don't need my approval, but...
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    What makes the confirmation of the CPA you went to see so valuable? What experience do they have with it, have they read the cases, etc? Do you have enough experience / knowledge to determine whether the 'professional' you're going to see actually knows what they're talking about? Not all...
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    When it comes to tax, it's self-reporting with the taxpayer taking personal responsibility. You really have to ask yourself, do you have enough knowledge / experience of tax to judge someone's ideas? Or is it just because the idea sounds 'good'? I'm deliberately not using the word 'advice'...
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    How to you intend to keep withdrawing the equity? The asset is owned by the trust. If it refinances the money remains in the trust. What does 'pay the minimal amount' mean?
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    Purchasing property - Trusts - Discretionary vs Hybrid vs Own name

    Have you considered the CGT that will likely be payable when you convert the HDT into a discretionary trust? By the time the property becomes tax positive, it's likely many years have passed, resulting in a hefty CGT bill.
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