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Thanks Greg and Terry for your advice.
Yes , we certainly want to avoid paying stamp duty and CGT.
l think l have ruled out a trust fund seems very expensive with little benefit.Setting up a Company seems like a headache and costly too considering his business is predicted to make between 20- 30k as he is only working it partime.
Decisions, decisions…. more research required on my part thanks again
GratitudeI think l need to set up a trust? What do others think? How much and how difficult would it be to change our existing financial structure.
My husband and l own 3 properties together. We have an equal share in assets and the properties were purchased in our Individual names in our early twenties.
Property 1 – Owners Home is owned outright
Property 2 – Investment is owned outright and rented
Property 3 – Investment Is mortgaged and rented. We owe $240kMy husband has just started working as a sole trader and we want to minimise our financial risk to our assets as a result of something going wrong in his business.
