All Topics / Legal & Accounting / Why you should never buy an appreciating asset in

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  • Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    August 6, 2005 - 4:28 am
    Originally posted by hellman:

    Trusts—
    Best asset protection (IMO) if you get sued you can protect your assets (with a company as trustee it is very difficult for anyone to get your assets).

    The only way a good trust will loose an asset is from inside the trust eg. something happening in a house owned by the trust. Then the most you will loose is what is inside that trust only.

    CATA
    Asset Protection Specialist
    [email protected]

    Profile photo of GreatPigGreatPig
    Member
    @greatpig
    Join Date: 2004
    Post Count: 284
    August 16, 2005 - 11:06 am
    Originally posted by hellman:

    Pay 50% discount on CGT (so 15%)

    Where do you get 15% from? The tax rate in this case is the beneficiary’s rate on half the gain. It would only be 15% if the beneficary was on a 30% tax rate.

    Hybrid trusts can “transfer” (via ‘units’) the loss to personal income

    Hybrid trusts cannot distribute losses. What they can do though is allow a high-earning individual to borrow in their own name and buy units in the trust, meaning the trust itself will distribute a profit.

    GP

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