Hi TerryAnother question for youIt appears that Family Unit Trusts are eligable for the Land Tax Threshold.My question is can a Discretionary Trust own the Capital Units of a F.U.T while my brother and I etc own the Income Units? or can a discretionary trust own all the units? I'm not thinking that they can as the beneficiaries must be family…[Read more]

Thanks Terry, that helpsUmm, question 3? My question was double ended. I'm taking your NO to mean that YES we can do our tax ourselves if we went ahead with our structure of Company and Trusts?Also I forgot to ask you, since any losses are trapped indefinitely, could we use them to offset CGT if the property was sold when still negatively gearedIn…[Read more]

Hi TerrySounds like you know your stuff.I'm Anthony's brother in the question above and have a few questions myself.1: I understand (or have been told at least) that negative gearing losses are locked inside the trust until such time as the property becomes positve geared. If this is so, how long have we got to claim back these losses before they…[Read more]