Companies, Trusts etc
- Thread starter Matt Mc
- Start date
Hi
There is a HUGE difference!!!!!!!!!!!!!!!!!
Serious, or educated, investors never use a company and always use a trust for assets that grow in value because of the asset protection and flexibility to reduce taxes now and into the future.
Investing through a trust can save you $100,000's of dollars without a word of exaggeration at all.
I'm sure your research will be interesting and amongst other places, I would check out the information available from Chris Batten is Sydney.
Have fun
Dale
There is a HUGE difference!!!!!!!!!!!!!!!!!
Serious, or educated, investors never use a company and always use a trust for assets that grow in value because of the asset protection and flexibility to reduce taxes now and into the future.
Investing through a trust can save you $100,000's of dollars without a word of exaggeration at all.
I'm sure your research will be interesting and amongst other places, I would check out the information available from Chris Batten is Sydney.
Have fun
Dale
He's a well known tax lawyer who specialises in investment structures. He only advises lawyers & accountants but he does a few seminars for the public.
His seminars are very good, but read up on trusts a bit first as he moves through the information quickly & some of the issues are complex.
www.chrisbatten.com.au
His seminars are very good, but read up on trusts a bit first as he moves through the information quickly & some of the issues are complex.
www.chrisbatten.com.au
Batten is heavy going.
But it supplements Dale's manual, it doesn't replace it.
Dales manual covers quite a lot of IP related accounting matters. In particular, it explains what a trust is, and what its benefits are.
Chris Batten's manual goes a lot more into different trust structures. It is much harder to understand (and there's a lot of it I don't understand, not being a legal/accountant type), but has some potential for doing some nice things. Dale is coming around to hybrid trusts, which can enable negative gearing with a trust. My reading of this manual suggests that a self managed super fund might also be able to invest in property through a trust structure- I'm a bit hazy on that.
An overview of that manual, along with some other interesting reading, can be found on http://www.chrisbatten.com.au/
But it supplements Dale's manual, it doesn't replace it.
Dales manual covers quite a lot of IP related accounting matters. In particular, it explains what a trust is, and what its benefits are.
Chris Batten's manual goes a lot more into different trust structures. It is much harder to understand (and there's a lot of it I don't understand, not being a legal/accountant type), but has some potential for doing some nice things. Dale is coming around to hybrid trusts, which can enable negative gearing with a trust. My reading of this manual suggests that a self managed super fund might also be able to invest in property through a trust structure- I'm a bit hazy on that.
An overview of that manual, along with some other interesting reading, can be found on http://www.chrisbatten.com.au/
Another good source of trust and tax issues is from Kevin Munro's site located here......
http://www.taxlegal.com.au/index.html
From memory i think Kevin taught Chris all he knows or that might be the other way round......correct me if im wrong.
Kevin's site has tons of documents that go in depth so use the search function and discover some great free reading material.
A search for "trusts" turned up 8 docs with an average length of 37 pages....just some light weekend reads....
cheers
watto
http://www.taxlegal.com.au/index.html
From memory i think Kevin taught Chris all he knows or that might be the other way round......correct me if im wrong.
Kevin's site has tons of documents that go in depth so use the search function and discover some great free reading material.
A search for "trusts" turned up 8 docs with an average length of 37 pages....just some light weekend reads....
cheers
watto
