I have 2 questions can you help

Viewing 7 posts - 1 through 7 (of 7 total)

Martine
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@martine
Join Date: 2004
Post Count: 38
April 21, 2005 - 11:59 am
Hi all
These questions have probably already been asked but its hard to keep up with everything that is written in the forums so I guess I will just ask them again
1. Can someone please explain a Hybrid Trust, I have looked it up on the net but I just don’t get it. Bit slow lately.
2. I live in Victoria and there is a lot of talk about high land tax, because I am still learning about investing and purchasing property, how does land tax impact on property investing.
Thanks Martine[blink]
One day it will all sink in and I will make millions!!!!!!
woodsman
Member
@woodsman
Join Date: 2004
Post Count: 714
April 21, 2005 - 12:57 pm
Try these….
Land Tax in Vic:
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=16798
https://www.propertyinvesting.com/forum/topic/16260.html
https://www.propertyinvesting.com/forum/topic/15615.html
Do a search under hybrid trusts ot discretionary trusts and you will be entertained for hours![biggrin]
Woodsman
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Derek
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@derek
Join Date: 2004
Post Count: 3,544
April 23, 2005 - 2:07 am
Hi Martine,
Would also recommend you invest ~$100 in Dale Gatherum Goss’ ‘Trust Magic’ – get the information direct and in a clear concise manner.
http://www.gatherumgoss.com
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
April 23, 2005 - 4:32 am
Hybrid trusts are a mixture of discretionary and unit trusts. They work well because the unit holder can borrow to buy the units in the trust and claim the interest against their own personal income. This effectively allows negative gearing using a trust. This is not normally possible as trusts cannot distribute losses.
Terryw
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North Sydney
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Martine
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@martine
Join Date: 2004
Post Count: 38
April 23, 2005 - 1:04 pm
Thanks all
I will look up the topics and site that you suggested and research a little more.
Regards
Martine[blush2]
Martine
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@martine
Join Date: 2004
Post Count: 38
April 23, 2005 - 2:00 pm
Hi All
I have read the sites, looked up hybrid and discrtionary trusts and totally confused as to which is the right thing to do, may I just ask do all property investors have trusts or companies to protect their assets or are there investors out there that just purchase properties in their own names then claim the properties on their own taxes?
I know you cannot advise me which road to follow, but I would just like to have a rough idea of the what the majority of investors do, trust or not to trust that is the question?
Regards
Martine
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
April 24, 2005 - 12:48 am
Many investors use trusts, but there are some out there with a fair few properties who only use their personal names. It seems some accountants do not understand trusts at all.
I would keep on doing research on trusts – it takes a long time before the ‘penny drops’.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au