PropertyInvesting.com | NickM | Activity https://www.propertyinvesting.com/members/nickm/activity/ Activity feed for NickM. Sun, 12 Apr 2026 07:13:26 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 52fd91aca659c05bc2d97f178127b735 NickM replied to the topic discretionary trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378991-discretionary-trusts-2/#post-4508203 Wed, 09 Mar 2005 14:13:05 +0000 Hi Carlin
I generally assess a clients position before establishing a trust structure. I do set up and advise on HDT structures + we also provide on going support which includes Financial statments and tax returns.
We charge $2640 for a company + HDT. Stamp duty is on a state by state basis.
feel free to contact our office or go to my website for…[Read more]

]]> 53a66ef1ac4f5cf2680c59f66a0811e1 NickM replied to the topic Trust to stop gold diggers in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378424-trust-to-stop-gold-diggers/#post-4504681 Wed, 02 Feb 2005 14:38:32 +0000 If you are a director of 2 or more comapnies then you will draw attention from ASIC.
Workcover are extremely active at present.

You have several issues that need to be addressed and i think you should arrange a meeting with your accountant
NIckM

]]> deab64b663396d3f1baf7db9ef99f888 NickM replied to the topic negatively geared investments in family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4375757-negatively-geared-investments-in-family-trust-2/#post-4488227 Mon, 06 Sep 2004 14:07:57 +0000 A Hybrid Disc Trust is the most effective structure for negative geared property. Chris B will back me on that one.

amz, you need to justify why the company pays the trust. Depending on the activity of the company and the numbers involved, there may be some hope.
Rgds
NickM
www,strategicwealthmanagement.com.au

]]> c67bf043fd96fb6efefeb9b42844275f NickM replied to the topic Chattel Mortgage - Any info in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4374066-chattel-mortgage-any-info/#post-4476291 Mon, 31 May 2004 12:52:30 +0000 The ATO provides no guidance whatsoever on chattel mortgages. (I dont think they know what they are)
IN relation to GST treatment, similar to a HP except that you can claim the GST up front regardless of whether you account for GST on a cash or non cash basis

]]> 9a7a7658e00c1ffbc8a9aefb3bed010d NickM replied to the topic Invest from Company? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373937-invest-from-company/#post-4475297 Mon, 31 May 2004 12:47:47 +0000 [/quote]
So what’s the best vehicle for negatively geared property? Would that be unit or hybrid trusts?

Wayne

[/quote]

Wayne the main advantage you get from a Hybrid DIsc Trust is that the neg gearing can go to the highest earner but if you sell the asset the cap gain can be spread amongst any number of beneficiaries.
Cheers
Nickm

]]> e033080dd42264c2d9b383c2d1c0f7b7 NickM replied to the topic Who Should be Appointer of a Trust?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372209-who-should-be-appointer-of-a-trust/#post-4462343 Mon, 22 Mar 2004 14:17:25 +0000 I do not generally recommend that the settled sum be deposited into a bank account.
If the bank account balance ever drops below the settled sum amount then the trust will be void.

Therefore it is advisable that the settled sum be represented by cash stapled to the original deed

Cheers
NickM

]]> 402c03c3edc4168a3862cf637ffb5246 NickM replied to the topic Who Should be Appointer of a Trust?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372209-who-should-be-appointer-of-a-trust/#post-4462339 Mon, 22 Mar 2004 05:42:40 +0000 Hi James
The Appointor is generally the pricipal
it is the settlor that cannot be a beneficiary

In most instances the appointor/trustee and principal beneficiaries are the same people. In the case of a corporate trustee the directors are also the appointors
regards
nickM

]]> 62dce40ba214c90bc05f890db3c24844 NickM replied to the topic Private ruling from ATO on Hybrid Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371065-private-ruling-from-ato-on-hybrid-trusts/#post-4453277 Tue, 10 Feb 2004 02:01:02 +0000 Orion
i have successfully applied for an ATO ruling in the past for a client. No problem with the interest deductibility.
Their biggest concern was whether the tenant was at arms length. ie not a related party.
bear in mind that all trust deeds are different and i was confident of a positive result before applying as the principals and ATO rulings…[Read more]

]]>