trusts

[BMan]

where can i learn about the different types of trusts that would be helpful with property investing/ business

and a few Q's

if your self employed but you run your company in a trust does that still put you as self employed and require a low doc loan?

and can you rent to yourself via a trust?

 

[Aaron_C]

You can read the Chan & Naylor books to get a basic understanding of how the different type of trusts work.

Self employed doesn't mean you require a lo-doc loan, it means you are eligible for one if you need it. Many self employed with their financials in order go for a full-doc loan like any PAYG employee.

Yes a trust can rent a property to you but be careful with how much you charge yourself in order to get the ATO's blessing.

 

[Terryw]

The best book on trusts is the "trusts structure Guide 2011". It costs a fortune though.

If you search for the website you may find a free flow chart diagram which helps you determine whch sort of trust would suit your needs - generally.

 

[Tyrael]

Get a copy of Trust Magic by Dale Gatherum-Goss. Gives an excellent insight into the various trust structures available and tax implications that are inherent with a trust. Very good for the layperson with little or no knowledge or even the more experienced amongst us.

Check out http://www.trustmagic.com.au/ for futher details.

 

[BMan]

thanks guys ill look into them when i have time
yes that book is expensive a bit overkill for my situation i think
i tried one of there flow chart things on there website but didnt understand half the questions albeit pretty tired maybe ill try later