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Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Tue, 28 Aug 2012 22:10:13 +0000

Thankyou very much…someone else also suggested this, would you agree??? Which structure do you think would best suit our needs, or be best… Trade out of a trust – get all depreciation, tax breaks etc.. – all assets are in the trust

Have an empty shelf company as trustee of the trust – which does not trade

If you get sued they will go after…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Thanks heaps for all your

Tue, 28 Aug 2012 01:50:52 +0000

Thanks heaps for all your replies Terry

I don't think I have been very clear in my babblings Currently I have a Partnership, because of our depreciating assets we currently pay zero tax and I want to keep that advantage.

We also have come in contact with many people who have no conscience when it comes to ripping people off or pulling them…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Mon, 27 Aug 2012 21:36:55 +0000

Can anyone give me any advice…from what I understand…there would be no way to set up something that could offset taxable income with the depreciating assets while at the same time protect all the assets from anyone who decides to sue / seize assets.

Or if there is a way I would sure like to hear about it!!!!!!!!

Also in regards to…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Mon, 27 Aug 2012 00:23:29 +0000

Great advice, thankyou very much for your help. So…from what I understand…there would be no way to set up something that could offset taxable income with the depreciating assets while at the same time protect all the assets from anyone who decides to sue / seize assets.

Or if there is a way I would sure like to hear about it!!!!!!!!

Also…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Sun, 26 Aug 2012 05:01:14 +0000

me again…been studying up on everything involved in running a company and the tax laws, all the ins and outs geez what a headache, I am wondering…With the set up of the PPSR, wouldn't it be easier to stay a Partnership and then have all our assetts registered under someone we trust as having a security interest over them, and then if anyone…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Sun, 26 Aug 2012 00:40:46 +0000

Thankyou so much for answering!

Can I ask you, as you seem to know your stuff, if the assetts are in the trust and the company is the separate trading business trading as trustee for the trust, does this still make the assetts available to anyone sueing?? And can we still offset our depreciation against our business income even though the…[Read more]

Zabeel01 replied to the topic Which trust would you recommend? Unit or discretionary? in the forum Legal & Accounting

Sat, 25 Aug 2012 04:26:50 +0000

Hi there, I am hoping for some advice…
I have a business which is a partnership. We currently have a lot of assetts and our business doesn't pay any tax at the moment because of the depreciation. However, we feel we are at risk if we were to be sued, someone could claim our assets.

We were thinking of opening a company to trade with, with my…[Read more]