All Topics / General Property / Buying Property in a Trust

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  • Profile photo of bushrangerbushranger
    Participant
    @bushranger
    Join Date: 2003
    Post Count: 3
    October 20, 2003 - 6:38 pm

    I have 3 investment properties 2 in my name and a 3rd in a Family Trust. The benefactor of the trust is a Limited Company of which I am the only shareholder. I am about to buy a 4th in NZ does anyone have in thoughts on this type of structure!

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    October 21, 2003 - 6:04 am

    Hey Bushranger

    Is the company the only beneficiary? I would have thought as a family trust it should have a few people as well – I know mine does!!

    Having assets in a trust is a good way to protect your assets. You can also minimise your tax by paying any income to those on a lower bracket – or to your company where the rate will be 30% (I’m assuming Australian trust and company).

    Cheers
    Mel

    Profile photo of mrnjdmrnjd
    Member
    @mrnjd
    Join Date: 2003
    Post Count: 4
    October 23, 2003 - 2:21 am

    http://www.chrisbatten.com.au/

    Cheers![:)]

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