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I can confirm there will only be two of us attending now.StevenO said:Hi. Two, possibly three, people at this stage please.
I'd like to know what advantages/disadvantages this trust has over HDT's.
Thanks.
In response to my own question, apparently you get the full land tax free threshold per trust so it would be worth using a separate P.I.T for each property. From what I can gather this is due to the NSW OSR not classing a Property Investors Trust as a 'Special Trust' when assessing land tax.StevenO said:If you already have a property in your own name above the land tax threshold is the land tax saving of a Property Investors Trust irrelevant?
StevenO said:.
Ed mentioned they can check your existing trust deed and possibly convert it to a P.I.T without resettling the trust.
Hi Dale, I've since been told they mainly do discretionary trusts and there's no major benefits trying to convert a Hybrid Trust deed.DaleGG said:Hi
Please step very carefully and seek legal advice before amending a trust deed. The ramifications can be disastrous .....
Dale
See_change has started a separate thread about PITs.redwing said:To all that attended...
How was the meeting and what was the outcome; did you learn any more about the P.I.T ?
REDWING