trust

Hi, Was hoping I could check what my accountant is telling me. Buying a ppor in Perth. Accountant tells us my wife and I are both in high-risk jobs for litigation and that we need to purchase it through a trust to protect it from some imagined sinister threat. Here are my concerns: 1. Would...

Hi Everyone, I have always done my own tax, had never been that complex, at most was on STS as a non-GST reg ABN and/or general ?employee? type return. In the last couple of years, due to property investment (I?m new to this), I decided it was time to use an accountant. The first one was...

Hey guys :) I need some help borrowing with a trust. I have a discretionary trust with a corporate trustee and myself as the director/guarantor. From what I've been told, say Bank #1 will let me borrow $400k before my borrowing capacity runs out with them. Can I then create a new/second...

hello All I have a question about inherited property, if the property is to be transferred in the names of x, y and z. Is it possible to transfer the property into a trust with the trustees being x, y and z? Thanks.

Hi all, I'm setting up a Family Trust which will hold a share portfolio and later investment property. Early on, the benefits of the trust will be smaller and asset protection issues lesser. Later these become important, but for now I mainly want to set it up right, start accumulating assets...

Hi Guys, I've been reading a lot of articles around the set up of PTY + trust to receive my income as an IT contractor for tax effectiveness purposes. And because I know this a really complex issue that requires expert assessment and guidance I've got in touch with an accounting firm to...

Hi, My partner and I currently own 2 properties, one PPOR and the other an investment. We own both in our own names (jointly). We are keen to purchase more property whenever we can release equity, which we are now in a position to do again, so we could potentially own many properties in...

Hi All, Long time stalker - first time poster. I am investigating alternative structures for a proposed business venture. My accountant has strongly recommended a trust structure over a partnership or sole trader - mainly for liability reasons. Is it practicable to administer a trust...

One of my friends offered me an option to buy a share of a property investment in QLD. Total investment would cost around 3.5 to 4 million. It?s a development site comprising of 24 town houses. The owner is keen to sell the property to us. The owner offered 3 options to buy 1) We (six...

Hi all, I would love to hear your opinions on the Advantages and Disadvantages of setting up a Family Trust to purchase property under as oppose to regularly purchasing under your own name. Cheers

Can someone please explain to me how do loans work with a discretionary trust? If a trust wants to purchase a property, I can understand a proportion will be based on the value of the property and a deposit will be required. but does the bank look at serviceability? how does this work, is...

Hi guys, I've been lurking in the background of this forum for a while now and thanks to many of the resources on here I was ready to enter into the real estate market last year. I had saved up a $85,000 deposit, finished my studies, had a salary and a strategy in place (buy IP with a view...

My wife and I own several properties in Qld and have reasonable knowledge of basic residential investment. We have taken some time off work so am currently limited in accessing more funds. We have found two potential investments that we would love to be involved in. One is basically cash flow...

I'm still trying to understand properly how discretionary trusts offer asset protection. Please correct me if the scenario below is way off... Person A is the Trustee and Beneficiary of a discretionary trust, Trust A. Person B is only a beneficiary. Say a big bad company (Company Bad)...

Hi, Many thanks in advance for your advice. My husband and I recently bought our second IP and our broker steered us towards the ANZ Breakfree package as the best option for our current and future needs as we will have 3 loans within the next year. Curr Rate is 0.8% off svr (6.56%). Fee is...

Hi All, I have heard about the gift and loan back strategy for family trusts for a while and was wondering if it was necessary (or even worthwhile) to have formal documents for i) the deed of gift ii) a loan agreement and also, iii) whether it is necessary for the gift amount to...

Hello There are asset protection benefits that come with a "HDT / corporate trustee" structure, and I was thinking if there is a similar latent benefit from a commercial lease embedded in a deed of "something or other" Has anyone considered if there is any value in embedding a commercial...

Hi guys, I am interested in setting up a Discretionary Trust (Family Trust) to hold my investment property. This property is currently in my name, but I would like to transfer it to my Trust (so that the trust owns it instead). What would be the stamp duty (or other transfer costs) I...

Hey Guys, following on from my post in this Thread. This idea grew on me so much that ive ran the numbers. Its turned out to be a better outcome than i though so i thought id share it with you guys. Ive attached the calculations but to summarise, The example is based on an actual...

Hello, Wondering if anyone has lodged their own taxes for their DT? Just curious, as when starting up a trust and only having one maybe two properties - trying to save on costs as much as possible when its still fairly simple. Would still hire an accountant to do it for the more...