Total Members: 158,197

cata

  • cata replied to the topic forming a company to minimise tax in the forum General Property 17 years, 4 months ago

    All good advice here and I need to add nothing, but as I have not posted here for a while I just wanted to.

    CATA
    Asset Protection Specialist
    colin_wardle@hotmail.com

  • cata replied to the topic Hervey Bay in the forum No Subject 17 years, 5 months ago

    I have not been there for a while, but believe it to be difficult to rent anything in Hervey Bay due to the fact that people are retiring there. This would lead me to believe that most people moving that way would be selling where they are and purchasing somewhere to live in Hervey Bay.

    In short, moer owner’s than renters.
    Just my thaughts tho.…[Read more]

  • cata replied to the topic Activity Poll in the forum Forum Frolic 17 years, 5 months ago

    I am currently in talks to halve my portfolio exactly, but she wants more than her fair share considering that it comes from my hard work.
    [jerry]

    Divorce is great, isn’t it…..

    CATA
    Asset Protection Specialist
    colin_wardle@hotmail.com

  • cata replied to the topic Sources of Trust info? in the forum Legal & Accounting 17 years, 5 months ago

    Exactly Property WA.

    CATA
    Asset Protection Specialist
    colin_wardle@hotmail.com

  • cata replied to the topic Sources of Trust info? in the forum Legal & Accounting 17 years, 5 months ago

    I believe that Ed Chan’s book has been outdated by new laws….

    CATA
    Asset Protection Specialist
    colin_wardle@hotmail.com

  • cata replied to the topic Selling property to a family trust in the forum No Subject 17 years, 5 months ago

    Exactly Richard

    The stamp duty goes to The “Office of STATE Revenue”.

    CATA
    Asset Protection Specialist
    colin_wardle@hotmail.com

  • cata replied to the topic Trusts Advice in the forum Legal & Accounting 17 years, 6 months ago

    The short answer would be no, not much will protect you from marrage (currently finding out the hard way[wacko]) There is not much the family law courts can not access in the case of a marrage breakdown. They do however take into account the assets you come to the relationship with and the assets you build together.

    Hope this helps

    CATA
    Asset…[Read more]

  • cata replied to the topic Selling property to a family trust in the forum Legal & Accounting 17 years, 6 months ago

    Stamp duty goes to the Office of State Revenue which varies from state to state.

    CATA
    Asset Protection Specialist
    colin-wardle@hotmail.com

  • cata replied to the topic Impending Doom in the forum Heads Up! 17 years, 6 months ago

    Thanks for the online support guys and gals.
    I have good days and bad days, but am looking forward to a brighter future.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic Selling property to a family trust in the forum Legal & Accounting 17 years, 6 months ago

    You are basiclly selling the property to the trust and will encur all relevant costs.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic Trust, company or yourself? in the forum Legal & Accounting 17 years, 6 months ago

    Originally posted by joshadelsa:

    There is a company that I have dealt with in NSW called Chan & Naylor who have developed a Trust designed specifically for the purpose of holding property called the ‘Property Investor Trust’. I believe it similar to a unit trust and actually allows you to take certain losses out of a trust which is one of the…[Read more]

  • cata replied to the topic Trust, company or yourself? in the forum Legal & Accounting 17 years, 6 months ago

    Originally posted by doublek:
    how difficuilt is it to get a trust?

    if you are investing in your 1st IP and plan to invest more in the future is everything you invest in go under the first trust fund you open or do you need more than one eg: 1 trust for each property, or does your whole IP portfolio go into the 1 trust

    thanx

    Every stratagie has…[Read more]

  • cata replied to the topic Opening a fish and Chips store ! in the forum Forum Frolic 17 years, 7 months ago

    In my opinion, you will need to define your Unique Selling Position (USP). In other words, why should I go to get fish and chips from you instead of down the road?

    This USP should have NOTHING to do with price points. Not that pricing is not important, but what is so special about your store, and use it in your marketing.

    CATA
    Asset Protection…[Read more]

  • cata replied to the topic Sources of Trust info? in the forum Legal & Accounting 17 years, 7 months ago

    Bulletproof Asset Protetion – Ed Burton
    Trust Magic – Dale GG

    Depends on what you want to do. There is plenty of info on this site if you do a search also.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic A simple trust question… I think in the forum Legal & Accounting 17 years, 7 months ago

    A bonus for Queensland investors as entities are not grouped (yet anyway) for land tax purposes.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic A simple trust question… I think in the forum Legal & Accounting 17 years, 7 months ago

    Originally posted by mcdeyess:
    Hi all,

    I have been looking into how trusts work so I have some idea of what is going on when I meet with my accountant next month. Many thanks to Cata and TerryW in particular for their previous posts, these have been most helpful in getting some understanding of discretionary and Hybrid trusts.

    NO PROBLEMS,…[Read more]

  • cata replied to the topic Trust Setup in the forum Legal & Accounting 17 years, 7 months ago

    Banks and the ATO have no issues with trusts as long as they are used within the law.

    As for the Proterty Investors Trust- try the search function and remember that the laws have changed since Ed Chan wrote that book.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic HELP Capital Gains Tax in the forum Legal & Accounting 17 years, 7 months ago

    Originally posted by elkam:

    When I asked how can you avoid paying CGT they said that as a non resident you can accumulate losses and use these to offset CGs.

    This can be done as a resident. When using a discretionary trust losses are stuck in the trust untill the trust makes a profit eg CG or in your own name with a amendment.

    I am no…[Read more]

  • cata replied to the topic HELP Capital Gains Tax in the forum Legal & Accounting 17 years, 7 months ago

    If you are investing in Australia, and living in Aus, be very careful with the use of offshore structures. The ATO frowns on this and if you get audited, well good luck.

    The only reason for the use of offshore structures is for tax avoidence.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

  • cata replied to the topic HELP Capital Gains Tax in the forum Legal & Accounting 17 years, 7 months ago

    I believe that a SMSF can invest in units from a hybrid trust and the rest of the money comming from yourself.

    However I am not lisenced in this area, so do your own research.

    CATA
    Asset Protection Specialist
    wardlecata@primusonline.com.au

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