Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
6. Lack of knowledge.Originally posted by Lotana
A lot of investors don't use a trust structure for various reasons (and I am one of them). The reasons might be:
1. Tax minimisation with negative gearing
2. No family to distribute income or pass on the assets
3. High risk tolerance in regards to letigation risk
4. Carelessness
5. Low value - hard to justify fixed cost of running a trust
Cheers,
Lotana
Originally posted by Lotana
A lot of investors don't use a trust structure for various reasons (and I am one of them). The reasons might be:
1. Tax minimisation with negative gearing
2. No family to distribute income or pass on the assets
3. High risk tolerance in regards to letigation risk
4. Carelessness
5. Low value - hard to justify fixed cost of running a trust
Cheers,
Lotana
Originally posted by Ultra
Hi
Reading through various threads has turned up lots of messages extolling the virtues of trusts.
Got me wondering if anyone is NOT using a trust (and doesn't regret it!). Would be interested to hear your reasonings.
Anybody?
Thanks
Pam
Originally posted by DaleGG
You personally borrow the money from the bank and as such you personally get the tax deduction for the interest and bank fees that you pay on that loan.
Originally posted by tonyd
If you are personally borrowing the money, does that mean that the interest expense must be split 50-50 for a couple?
cheers, Tony
Originally posted by DaleGG
Only if the units were bought in joint names and not in one individuals name. Both scenarios can happen depending upon the respective incomes of each person within the couple.