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Originally posted by Bazza
Hi All,
I have a discrectionary trust and I believe that it can not be used to take advantage of negative gearing but a hybrid trust can.
Can anyone explain the difference and if the discretionary trust can be converted to hybrid if needed?
Thanks in advance.
Bazza
Originally posted by Bazza
I guess if an individual buys the income units then the profits can't be transferred to others in order to take advantage of tax deductions if incomes changes in the future though?
Originally posted by Puppeteer
With a hybrid discretionary trust, how exactly are interest deductions passed onto the beneficiaries?
...I need to take advantage of the tax deduction on the loan interest for maximum benefit to my overall cashflow.
I'm unattached and am looking at setting up a trust to hold the properties in so that I have maximum flexibility in the future, should I get married and have children.
My searches so far have indicated that hybrid discretionary trusts are the way to go, but I don't understand exactly how they work, and whether they will suit my needs.
...I'm unsure how the tax deductions would be handled.
Can anyone explain this to me, or direct me to a link that explains it to me in more detail. I've checked out the Chris Batten site, but the details there were pretty thin on the ground.