FAQ 2 Is there a local lawyer who can assist me with a trust setup
The setup of trusts and trustee companies can be done by non local as well as local lawyers. We recommend that you access the contacts…
Tag: Trust
FAQ 4 Is a trust and corporate trustee set up an overkill
Is the trustee/trust structure an over kill? Can I get by without using a trust. My accountant is saying that I don\’t need a trust.…
FAQ 5 Will I be able to claim losses if a property is owned in a trust
The expenses/income for Properties owned by trusts are separately accounted for when the trust does it\’s tax return. The claims are made by the trust…
FAQ 12 How do I fund a trust – Gift or Loan
Firstly it must be understood that there is no right or wrong answer to this question. Is is a question that only you as the investor…
FAQ 19 Should I buy my PPR in a trust structure?
We have been taught to protect our assets by using trusts(discretionary trusts) however in the case of our PPR this is not the wisest of…
FAQ 20 How do I protect assets bought outside a trust structure?
We can protect the equity portion of any asset that we own in our own name by adopting an internal debt structure. The first step…
FAQ 37 Should I use an accountant or a lawyer to setup my trust?
This is a question that puzzles many investors. The choice ultimately is yours, however we personally favour using an accountant. We feel that our accountant…
FAQ 48 – Can I rent from a trust where I am a beneficiary and claim normal rental expenses.
There is an ATO ruling regarding this issue. http://www.ato.gov.au/rba/content/?ffi=/misc/rba/content/83291.htm http://law.ato.gov.au/atolaw/view.htm?DocID=ITR/IT2167/NAT/ATO/00001 There are also a number of posts on the web one of which. http://www.bantacs.com.au/QandA/index.php?xq=233 http://www.bantacs.com.au/QandA/index.php?xq=226…
FAQ 51 How are trust profits taxed
A trust ordinarily does not pay tax. It only pays tax on the funds that it fails to distribute. It is the beneficiaries/ associated entities…
FAQ 55 What are the steps needed to set up a Trustee/Trust
IT IS RECOMMENDED THAT A TRUST OWNS A SINGLE PROPERTY FOR ASSET PROTECTION REASONS. IT IS FURTHER RECOMMENDED TO HAVE A SEPARATE TRUSTEE FOR…