Total Members: 158,390

JimmySprinkles

  • JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 11 years, 5 months ago

                 Whilst nothing is seemingly divorce proof,would you say that individual or company have the same divorce implications or are they different.

  • JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 11 years, 5 months ago

        Im fine with most of the situations you state.What is it you talk about the 50% CGT discount..

  • JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 11 years, 5 months ago

     We are not planning on needing to  borrowing any money.What are some of the main reasons that the people you talk of have failed in this set-up.What implications would a 10 man trust set up have on personal borrowing capacity.Cheers.

  • JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 11 years, 5 months ago

            Thanks very much Terryw.At a guess If we had ten guys all on around 60 thousand gross per year,would a company opened up with the same ten names have much income tax return issues or implications on there personal tax returns.Thanks heaps. 

  • JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 11 years, 5 months ago

                           Thanks AK will do.

  • JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 11 years, 5 months ago

    Terryw wrote:
    Consider
    – death
    – divorce
    – bankruptucy
    – withdrawing from the investment
    – stamp duty
    – borrowing ability
    – guarantees
    – effect on future borrowings for individuals
    – land tax
    – cgt

    Probably the most flexible structure is a unit trust with a corporate trustee. But the structure within the structure would depend on your…[Read more]

  • JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 11 years, 5 months ago

           Hi guys I've just joined the forum and I have a question.Me and 9 yes 9 other people want to start investing in property in a trust situation.Buying a new property once a year then in a few years twice a year and so on till we are getting 5 a year.If we do this in something like a family trust e.t.c will there be much of a tax issue on…[Read more]

JimmySprinkles

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