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Thanks teshy appreciate the feedback.
Curious why c&n didnt mention
1. Ability to move units to an smsf at a later stage.
2. Ability to sell units between parties for lower stamp duty.
3. With a fixes unit trust with individuals obtaining the land tax threshold the same land tax savings as holding in your own name.
4. Ability to use the refinancing principle.
None of these are possible in the individual name.
Asset protection the same under both structures.
So for me a unit trust wins with greater flexibility.
And what is this future property going to be worth?
I wish i had the crystal ball but $350k now so if property doubles every 10 years than 1.4 million in 20 years but then again in 20 years medium home price could be million dollar atleast.
And a key question is what LVR do you need
A PIT will make it tough over 80.
ta
rolf
C&N's trust has very restricted financing options. This can have a significant impact on your extended strategy.
Isn't most of the Trusts have restricted financing options especially if I'm going at 90% of LVR?
I'm planning to go at 90% of LVR
So can anyone recommend any other accountants?
Thanks Mike
What're your thoughts on Hybrid Trust? Why Unit Trust better than Hybrid?
what specifically are you needing advice on ?
depending on what you are looking for, your average tax agent may be fine.
My suggestion might be to halt the chase on broker and accountants et al, and work out what you want and why, then seek the services of them folk.
Why ? I have found that most humans suffer from confused knowledge by seeking advice from many varied sources, all with different and valid idealogies, and in the end the best sales person "gets them", often ending up with something that doesnt suit them.
ta
rolf
ta
rolf
Good research Teshy.
Keep researching though and get a few more opinions before deciding.
And don't get too carried away, sometimes (but not always) it pays to keep things simple.