BTW, I am joking!!!!!!!

I hate all people called Ryan! Once a met a person called Ryan who was rude to me, so I hate they all now.

A mortgage innovator!!!What is a mortgage innovator? Someone who innovates mortgages I guess, but what does this mean?

Are you trying pass off on Richards name?QLDs007 v QLD007

Imagine the benefits when you have 100 properties and you are paying rates etc = bonus interest saved off your loans and think of all the points.

Yes, me too – but they are only interest free for the month, then if you don't pay in full on time…..

if its 50 years ol you won't get any depreciation on the building. But if there have been recent renovations you can get depreciation claims on these. But the fittings could bring in a lot – hot water, carpets, light etc. Some QS companies guarantee u will get more back than their fees -or its free.

Oh, yep deprecate the house (subjet to age) and fittings

Ooops.

Depreciation is an expense too (non cash expense)

If you move out of your main residence you can rent it and claim all costs as per normal – and still treat it as your main reisdence for CGT purposes in certain circumstances.

Whats a green book?What state are you in? or the property?

Its still a long way off, so why not wait it out a bit longer.

I would be inclined to say do neither, unless you want to work in the industries.You would be better off just buying some books/internet and reading in the areas of interest.

I agree that it best to have separate companies.If the trust gets sued the trustee's personal assets and trust assets are at risk. If there are 2 trusts you may have to prove which assets belong to which trust. Remember the title is in the trustee's name so having 2 trustees would clearly distinguish between the 2 trusts.

Thanks DanThat is interesting, one trust with 2 separate trustees – which is essentially 2 trusts.

btw, Brett Davies lawyers are in Perth

Hi DanWhats the diff between splitting and cloning?

try  brett davies lawyers http://www.taxlawyer.com.au or via lawcentral.com.au as they have written on this topic in their newsletters from time to time – you should be able to find back issues on law central too.

Their main worry is clients just saying they will invest, but instead will just blow the money when they get it.A way around it is to use a different lender, or to think of a genuine investment which can be easily cashed in easily.