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From: Michael Mudman
Interested in everyone's thoughts on whether it would be a good idea to set up a separate family trust for each additional property purchased, having only one property per trust?
One reason for this could be reduced land tax, since it is calculated on a sliding scale and less land tax would be paid on 2 separate properties than the same 2 properties held under the one structure.
What about in regards to asset protection - would there be any difference?
Any comments? For or against? Advantages/Disadvantages....?
Interested in everyone's thoughts on whether it would be a good idea to set up a separate family trust for each additional property purchased, having only one property per trust?
One reason for this could be reduced land tax, since it is calculated on a sliding scale and less land tax would be paid on 2 separate properties than the same 2 properties held under the one structure.
What about in regards to asset protection - would there be any difference?
Any comments? For or against? Advantages/Disadvantages....?
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