[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

May 30, 2006 - 5:29 am

thanks Terry.

Toni

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

May 28, 2006 - 3:55 am

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

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

May 28, 2006 - 3:52 am

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

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

April 15, 2006 - 5:37 am

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]

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

April 14, 2006 - 4:27 am

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 get a retirement income stream (allocated pension or such).

I understand with a discretionary trust I can nominate the beneficiary to recieve the income – but is this the only benefit? (My IP will be neutral and then positive CF).

What is the benefit with capital gains? beside the 50% discount which will be relevant whatever way I do it.

Many thanks

Toni

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

April 7, 2006 - 5:54 am

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

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

April 7, 2006 - 5:16 am

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 name?

Thanks.
Terroni

Toni Cooper

[terroni2105Member@terroni2105Join Date: 2004Post Count: 8]

April 7, 2006 - 5:15 am

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 name?

Thanks.
Toni

Toni Cooper