Who not pay a beneficiary the distribution and have the beneficiary make a donation, if over $2 and a registered charity I understand it will be deductable. i.e. a nill event.

Does the investing need to be done in a personal name ?
What if the investing was doen in a company name and I was a salary earner of that company ?

I’ve never heard of him before, is he good et c?

Anyone had experiences with his service ?

I would be very interested in hearing some comments from those using this package.

Thanks

“In fact under the Property Act if they have repaid 1/3 of the original principal they can ask you to transfer title into their name and you take a motgage against the property”

So my name would appear on the title document ?
I didn’t think this was possible, if this is the case then who not do it from square one when wrapping and…[Read more]

Keep the day job ?

Do you mind if I ask how much deposit you have ?

Thank you as this answers my question and a number of others at the same time.

Do you formulate your figures on a price mark up and charge a premium to std interest rates or merely a price mark up funded at the equivelant of bank rates…[Read more]

So, as I am self employed and have been for years I should be able to:

a) register a new company & ABN
b) register a trust with the new company as trustee
c) obtain finance at 80% LVR (low doc) for the trust

This sounds great, thanks.

For me this limitation makes the corporate trustess structure unworkable as cashflow will require 80% LVRs.

Thanks

To use a trust which has the company as a trsutee we would be limited to 70% LVR as the trusts would be registered as required.

So it you are using the ABN of the trust, and you use multiple trusts, registering new ones as you go then surely this would limit your borrowings as the trust will have been registered less than 2 years and not qualify for a low doc 80%LVR loan.

Henry

I have a company which has been inoperation for 5 years with ABN etc.

This company would be the trustee of one or more trusts that hold the assets. I would have 5 assets per trust and simply register a new trust every time.

The borrowings would be in the…[Read more]

I have had no experience with trusts to date and am unclear of what they are exactly and how they differ.

With regards to borrowing capacity I understand an entity that…[Read more]

Our existing company has been registered for 5 years and should obtain finance up to 80% LVR.

Is the Ed Chan structure applicable to smaller players or only those at the top of the market ? Is it common accounting…[Read more]

I read in a BLOG that brokers get deals through by simply not telling the lender that it is a wrap otherwise if would be declined, any truth to this ?

I have an existing property financed by the CBA that I am potentially looking at selling under terms, in this scenario…[Read more]

On a principal of 157k @ 6.64% I was charged:
1/9/05 $885.39
3/10/05 $856.83
1/11/05 $885.39

Looks like the day the interest is charged corresponds to the closest working day and the…[Read more]

I was looking at the CGU site and couldn’t find any reference to wrap deal insurance. Is it under landlord or similar or am I totally in the wrong place ?

I am guessing that this is a standard situation and this is the normal solution.

As the wrappee is not a tenant then I would expect a standard building policy to apply and then the wrappee would take out their own contents cover to insure their goods if they so wished…

Once again thanks