plan to use discretionary investment trust to purchase ppor with company trustee.this should free up enough capital to purchase acreage thru a trading trust. any thoughts on what to watch out for cheers.ie no ppor and zero debt on acreage.
Biggest problems:
– Offsetting any losses from the trust
– Losing land tax exemption for PPOR
– Losing CGT free statusAre you moving to the acreage? if so you may be able to claim the land tax exemption and CGT free status on this property (if under 5 acres)
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
plan to set up a tree farm,so require larger than 5 acres.also plan to live there and maybe/maybe not rent from trust.all of this is super long-term with no intention of moving back to ppor or selling it.c f + eventually.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
