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I read trusts magic.
Essentially, I'm under a bit of pressure to make the correct decision now before i launch into something. I dont want to put something in my own name only to have to transfer it over in a few years and pay stamp duty again.
I disagree with your take on asset protection and lack of tax flexibilty. A hybrid trust will allow for the neg gearing tax deductions and its whole purpose is asset protection. However, you may be right re finding finance. I cant say i have had experience on this front.
As opposed to putting it into a trust and having to transfer it back out again?
I understand wanting to make the correct decision. What I don't understand is why you only emailed your accountant NOW about basic things like interest deductibility (I'm not stating any opinion on trusts, by the way, hybrid or otherwise). These sorts of questions should have been asked well before you created the entity in the first place, and certainly should have been asked before you signed a contract?
Cian, not a criticism, just an observation. You come across to me as if you're really all over the place and don't really have any direction.
A trust is a flexible vehicle that provides taxation, asset and succession planning benefits to name a few. However the use of them purely for either of the first two and especially statements of that intention could trigger unwanted problems.
I am all over the place, but this is how i get good at things, dive in and learn as you go.
I didnt know anything of the benefits of trusts and my friend (owns a property investment company) advised me to just put it in my own name if the property is negatively geared. Thats why I did that. I have since had time to read up more and I think doing it through a trust seems like a more prudent thing to do but I only a beginner so I'd thought i'd do a bti of investigation first. Which lead me here.
I'm just here to learn, apologies for the numerous questions. Still unsure what way to proceed as of yet.