PropertyInvesting.com | OwnHome | Activity https://www.propertyinvesting.com/members/ownhome/activity/ Activity feed for OwnHome. Sat, 18 Apr 2026 14:02:07 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7c4c094776bfd77ab21a9250ee6daef0 OwnHome replied to the topic Have a Family trust set up, what next ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400489-have-a-family-trust-set-up-what-next/#post-4627689 Mon, 02 Aug 2010 01:04:20 +0000 Hi Terry,Thanks for the prompt reply.The trust is buying investment property from us. We will move out to the new place. So no Tax complications from ATO.Can the Trust claim the expenses(ex: carpets,painting etc) and interest at the end of the year or when the property sold?Sorry I know nothing about trust and invesments,  trying to find out wh…[Read more]

]]> 25b4637f1a9db318b500f10d54fd447e OwnHome replied to the topic Have a Family trust set up, what next ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400489-have-a-family-trust-set-up-what-next/#post-4627687 Mon, 02 Aug 2010 00:40:21 +0000 Thanks Terry, I should have been clear.

Terryw wrote:
a. Stamp duty is a capital expense, so it could only be claimed against any CG when sold.

When sold to Trust or when the Trust sells it off in the future.??

Terryw wrote:
b. Depends what you mean by "we". You as an individual cannot claim interest on loan the trustee takes out to purchase…[Read more]

]]> 3bed5101c35d24c4a1b312bd57d9a0a2 OwnHome replied to the topic Have a Family trust set up, what next ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400489-have-a-family-trust-set-up-what-next/#post-4627685 Mon, 02 Aug 2010 00:01:36 +0000 Terryw wrote:
Villas would be counted. Land tax is payable on the land component only. Main residences are usually exempt and investment properties up to a certain value are exempt. I am not sure of the rules for WA, but in NSW there is no exemption for trusts. eg. In NSW  you owned a house worth $500,000 with a land value of $300,000 there…[Read more]

]]> 8af23d92fdb172ef19ede7cfd6ffe7b3 OwnHome replied to the topic Have a Family trust set up, what next ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400489-have-a-family-trust-set-up-what-next/#post-4627683 Thu, 08 Jul 2010 07:05:04 +0000 Do we need to pay Land tax even for Villas?? Our current property is a Villa in Perth

]]> 88305718909c984641b6ed3ebe36b749 OwnHome replied to the topic Have a Family trust set up, what next ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400489-have-a-family-trust-set-up-what-next/#post-4627681 Thu, 08 Jul 2010 06:04:09 +0000 Hi Terry, Thanks for the word of caution.Yes, we are aware of the risks involved in the worst case. Not sure about the Landtax tho'We are currently building new house so we r intending to rent it out ourselves until the house is finished .I assume this should not be problem as it will be short term 6-8 months.The bank would not discharge the…[Read more]

]]> e0ef2776207734f832bc3806430ddece OwnHome replied to the topic discretionary familoy trust to buy property before paying income tax? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400006-discretionary-familoy-trust-to-buy-property-before-paying-income-tax-2/#post-4624798 Tue, 25 May 2010 04:50:19 +0000 Hi Terryw ,  Myself n hubby live in Perth, own a villa. We are building a new property and want to use the existing one as an investment. Both of us earn ard same income 80K (permanent position) & 90K (contract job). We have a 3yo.Is it worth setting up a Family trust to hold the existing property as investment?Is it better to have Unit trust in…[Read more]

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