[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 16, 2004 - 12:36 am

melbear, terryw, elsium-m, thanks again. your help has been fantastic, i hope i can return the favour one day!….I think I will get my hands on a book like “Trust Magic” as you suggested terryw…..
thanks, and have a great weekend…[][]

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 15, 2004 - 7:03 am

Hi All,
thanks for you help……was just wondering, Steve are you able to explain your comment that I placed in the string above that you had directed to “Anita” inlight of the replies I have recieved from terryw and Elysium-M?

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 13, 2004 - 2:12 am

thanks melbear, got it!…ta

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 12, 2004 - 11:31 am

Thanks SIS for the link, i found it very informative!….

Take it easy!….Doogie.

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 9, 2004 - 6:35 am

Thanks Terryw, wilco….

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 9, 2004 - 6:33 am

Thanks Melbear and Steve, understood now!…..

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 6, 2004 - 12:49 pm

Hi Terryw,
wow, that all went over my head!….how I can find out about trustee’s and discretionary trust and the relationships you mentioned with a company name..?…is that something that information I can get from the company you work for (Discover Home Loans) or is it something from legal advice….?

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 6, 2004 - 12:44 pm

Hi SIS,
are you still intending on letting us in on your secrets!….[]

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 6, 2004 - 12:15 pm

Hi Melbear and Simon,
I was just reading Steve’s reply to the question posted by “Damajoo” and he stated as follows:

” Hi Anita,

Thanks for your post and welcome to the community!

quote:1. In whose name did you buy the properties?

In the name of the entity which we set up to contropl our property investments. I believe that owning assets in your own name is not the best idea as you can be sued and the lot is on the line. Instead Dave and I created a structure where we control our wealth without owning it in our own names.”

---

When Steve refers to the ‘entity’ is he referring to a company name which he has set up to be the ‘owner’ of all of his investments..? If so, how is he position at sale time in regards to the 30% tax you have mentioned..? In anycase, I was under the impression that you had to live in a property as the owner for at least the first 12months of ownership to avoid CGT…..I hope I have not spoken out of turn here….!?[]

[DoogieMember@doogieJoin Date: 2003Post Count: 12]

January 6, 2004 - 12:04 pm

Hi Melbear, thanks for the reply and the welcome.
So if one week the variable rate is 7% (in the Mrs G scenario) then the passed on rate will be 9% and if the following week the variable rate is 8% the passed on rate will be 10% and the weekly amount to be paid by Mrs G will vary week to week..?? It sounded like (in the book) that the amount was fixed and so was the weekly amount hence the encouragement to have an auto-debit arrangement with Mrs G….??
As for the 2nd part of my question, like you I am still a little confused, I am sure it is just the way I am interpreting the table as the post acuisition/settlement amount obtained from Mrs G is incorporated into the equation which I am interpreting as being the “initial” acquisition numbers, hence the 602 surplus…..I guess this is just rolled into the mortgage as a repayment..?