Hi Novice,

I would say he is in the ballpark. The Fixtures and fittings will be calculated at cost ona new home, and only include the effective life that the fitting can be claimed for. This is more than likely why its free.

The building will take more calculations, and hence the costs.

Depending on the size of a property, a quantity surveryor…[Read more]

Hello Michael,

Reading back on the last post, it wasnt exactly clear.

I was referring to the trust distributions as income, rather than capital losses.

David Femia

Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.au

True Blue

You certainly are right. A discretionary trust is the best way to plan.

Just 2 small note,

1) – Im quite sure that losses can not be distributed from trusts.

2) – Its best to distribute any profits, or risk being taxed heavily.

David Femia

Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.au

Hello Everyone,

The difference is not easy to explain, however…
The basic difference between a company and a trust for tax purposes, is that a company is taxed at a rate of 30%. The company then distributes the proceesds to their shareholders, and if tax is taken out, it is known as an imputation credit.That is, the distribution will be added…[Read more]

Hotham settlements in Inglewood are excellent. Very fast and professional.

They can be contacted on 08 9371 5990, or dom072@iinet.net.au

http://www.femiapropertygroup.com.au