hb
from my limited experience, it appears that 99% of people posting here try to help others with their thoughts & experiences, with the other 1% using this for their own gain or just to create some self fulfilling self importance!!??
can you work out which category i’d suggest you fall into???
may I suggest you sharpen your pencil?Troy
Hi troynbec
i think i know where i fit
but after years with an lazy accountant, and then facing an ATO audit
i feel i can speak from experience when things aren’t set up well …it costs….just reading your question again, indicates that a tax laywer might be better for advice
the webs great for info
http://www.abl.com.au/default.asp?p=4,22,54
i have no idea who they are but interesting reading
somewhere on their page is a great presentation the director did to the banks re Structure setups and tax.
carn’t find it….but its theremight help
good luck
now wheres my pencil?I’d agree that placing your current PPoR into a HDT and keeping it as your PPoR may cause problems..acquiring other properties in the HDT would be worthwhile IMO though
You need to look at your personal situation and what your personal goals are..take everyones postson board but absorb what is useful, consider the contrary opinions and discard the rubbish
Cata is well placed to give you some input on Asset Protection and your risk re: chances of litigation. He can also explain the many and varied ways of protecting your assets (he’s given me a lot of great feedback as well)
you may also want to consider the wealth creation as well as the asset protection benefits of various structures.
Good luck with your strategy
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