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Help needed!!!!god_of_money [143 Posts] Hi All, How do I legally negative geared my IP property (under TRUST) against my income? Is that true? Thank you Cheers Terryw [6302 Posts]  If your trust owns the property then it has to claim the deductions. Losses from a trust cannot be offset against personal income. A way around this is to use a unit trust or a hybrid trust and to borrow in your personal name to buy the units. This allows negative gearing in a trust, but the trusts will be restricted as far as flexibility to distribute income is concerned. it doesn't matter what is used as security, deductibility depends on who borrows the money and what it is used for. Terryw   stuliam [1 Posts] Hi, Company A is going to buy a Trust unit. From Company A Mary is buying 40% John is buying %40 Sue is buying %20 I want to know what the stamp duties liability is of Company A purchasing the shares as above. The business (The trust) is being purchased as an ongoing concern. So GST is pretty straight forward. Regards Stewar Terryw [6302 Posts] Stewar You haven't worded that very well, so it is unclear what is happening. Is company A going to buy a unit (a flat) is units in a unit trust? Is Mary etc buying shares in the company or is she buying a percentage of a property that the company is selling? Terryw |
User loginBest SellerIn The NewsAussie Dollar Booming Aussie dollar above US $0.98 after greenback softens. NAB Raises Interest Rates Why wait until Friday? The NAB has increased its home loan rate by 15 basis points to 9.61% CBA Rate Up Last week St George, today CBA raises home loan interest rates (14 basis points). Beware Friday arvos! Today's TipNothing down deals are common... but finding a nothing down deal that makes money
can be quite tricky <more> Active forum topicsGood Depreciation Schedule Author: magic32 Accountant in Melbourne Author: learning 1 Who's OnlineTake The Test
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