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terroni2105 replied to the topic First IP structure....Trust or not? in the forum Legal & Accounting

Tue, 30 May 2006 05:29:11 +0000

thanks Terry.

Toni

terroni2105 replied to the topic How much tax to pay?? in the forum Legal & Accounting

Sun, 28 May 2006 03:55:32 +0000

Can a ‘bucket company’ be set up at any stage and added as a beneficiary to an existing trust? or must it be established as a beneficiary from the moment the trust is set up?

thanks

Toni

terroni2105 replied to the topic First IP structure....Trust or not? in the forum Legal & Accounting

Sun, 28 May 2006 03:52:34 +0000

I’m wondering if I buy an IP in a discretionary trust and then sell 10years later and get a capital gain – is that gain distributed as I like to whichever beneficiary I choose? the same as normal income? or is the lump sum profit from a capital gain treated differently? if so, how?

Thanks

Toni

terroni2105 replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting

Sat, 15 Apr 2006 05:37:57 +0000

Many thanks for your guidance and time CATA. I’m still trying to get my head around it but slowly, slowly getting there!

Toni[exhappy]

terroni2105 replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum No Subject

Fri, 14 Apr 2006 04:27:23 +0000

Hello
I have been reading about Trusts – discretionary and unit.

I am still trying to clarify in my own mind why it would be beneficial to by my IPs in a trust.

My plan is to buy 1-3 IPs over the next 5 years (don’t know how many at this point). And to hold onto those IPs and sell for retirement and transfer proceeds into super fund and then…[Read more]

terroni2105 replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting

Fri, 07 Apr 2006 05:54:32 +0000

Thanks Terryw

Is it correct that if I am a trustee I can’t be a beneficiary?
Hence I would probably then set up a company as trustee. And then I can be a beneficiary?

So I can have a trust set up in NSW and buy QLD property via that trust?

Thanks again.

Toni Cooper

terroni2105 replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting

Fri, 07 Apr 2006 05:16:43 +0000

Can you buy and sell shares actively (every few months) in a trust?

Can you start a trust in anticipation of holding investments (ie. buying an IP) in it? Of do you have to buy the IP first and then start up a trust to put it in?

What if I live in NSW but I buy an IP in another state?

Do I buy the IP in my individual name? or the trustee’s…[Read more]

terroni2105 replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting

Fri, 07 Apr 2006 05:15:41 +0000

Can you buy and sell shares actively (every few months) in a trust?

Can you start a trust in anticipation of holding investments (ie. buying an IP) in it? Of do you have to buy the IP first and then start up a trust to put it in?

What if I live in NSW but I buy an IP in another state?

Do I buy the IP in my individual name? or the trustee’s…[Read more]