From: Kim Heaver
I spoke to my accountant about setting up a hybrid trust, she said there had been some mention that the ato was looking into them and may seek to apply part 4a (anti avoidance)to stop negative gearing.
Does anyone have any more info or opinions?
Being able to negative gear against the trust would seem to be the main benefit of a hybrid trust, if the ato sees that as avoidance and disallows it, it would defeat any advantages over a normal discretionary trust.
Also has anyone had any further info on the issue of asset security not being quite as good as a discretionary trust.
Thanks in advance,
Kim
I spoke to my accountant about setting up a hybrid trust, she said there had been some mention that the ato was looking into them and may seek to apply part 4a (anti avoidance)to stop negative gearing.
Does anyone have any more info or opinions?
Being able to negative gear against the trust would seem to be the main benefit of a hybrid trust, if the ato sees that as avoidance and disallows it, it would defeat any advantages over a normal discretionary trust.
Also has anyone had any further info on the issue of asset security not being quite as good as a discretionary trust.
Thanks in advance,
Kim
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