Search results

  1. geoffw

    Is trust more cost effective for this simple scenario?

    The taxable income would have been $100k less indexation in today dollars. 4% is perhaps a bit generous. But even then it's an increase in one person's taxable income by a big amount, vs tax on two individual incomes of half a big amount. And if that's the only income either person has by that...
  2. geoffw

    Is trust more cost effective for this simple scenario?

    Yes, you're right. It's up to you to work out what best in your own circumstances. It would depend too just how much it's negatively geared. Put it all down in a spreadsheet, work out most likely scenarios, change a few things- like expected growth and time held. Personally I hadn't intended...
  3. geoffw

    Is trust more cost effective for this simple scenario?

    Another matter is capital gains tax. If a negative property is held in the name of the higher income earner to minimise tax, then if the property is sold at a profit, then that profi gets taxed in the name if the higher income earner. I'm in a similar situation now- I'm up for about $80k tax for...
Back
Top