hello forumites, first time long time so please be kind ;P
Would appreciate anyone's advice, I don't believe in bad or the wrong advice, after it will be up to me to make the final decision.
Anyway, just wanting to know if it would be a good idea to buy my first property under my name (maybe live in it for 6 months to get the FHBG) and rent it out (negatively geared) to offset the income tax I'm paying. Then establishing a Hybrid Trust for my future investment properties (will be negatively geared as well)
Has anyone ever done this before?
Thanks in advance everyone
Welcome Tuansen,
I'm a bit confused what is a 'hybrid' trust??
Chris.
hi Chris, a Hybrid Trust is a cross between a unit and a discretionary trust, thats my understanding of it. Please correct me if I am wrong anyone.
regards,
Tuansen
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