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  • Profile photo of ErikHErikH
    Member
    @erikh
    Join Date: 2007
    Post Count: 118

    Hi,

    I'm new to this forum and know that the topic I raise has been discussed before, but what I'm looking for is the "definitive" source on the use of trusts that I can read myself before talking to an accountant who charges $500 per hour or so.

    We currently have 2 IP's bought back a couple of years in joint names, we're now looking to speed up the growth of our protfolio significantly and grow it to 15-20 properties in the next 3 years. It might be too late to transfer the current 2 IP's we have into a trust given the costs associated, but I definately want to make sure we get the structure right before we go ahead with the next phase and acquire another 15 or so properties!

    So, please, any suggestions on good books, internet sources where I can read up on the various structures and their benefits and drawbacks before I talk to an accountant?

    Also, can anybody recommend a very good accountant (ideally in Brisbane) who has experience in dealing with overseas investors and is a property investor himself. Don't want someone cheap, want someone who is good.

    Thanks,
    Erik

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    There is heaps of info out there.

    Look at these websites
    http://www.taxlawyer.com.au
    http://www.lawcentral.com.au

    Books:
    Trust Structure Guide 2007 – costs about $300, written for accountants. you may find it in a uni library

    Tax Magic. Written by http://www.gatherumgoss.com for the average person, easy to read $99 approx. well worth getting.

    For the legal aspects, have a look at some second hand uni books which can be picked very cheap. UTS uni is a good one in sydney.

    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

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

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

    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

    Profile photo of BronteBronte
    Participant
    @bronte
    Join Date: 2007
    Post Count: 41
    Terryw wrote:
    There is heaps of info out there.

    Books:
    Trust Structure Guide 2007 – costs about $300, written for accountants. you may find it in a uni library

    Can be purchased directly from CCH at;

    http://www.cch.com.au/fe_ps_details.asp?product_id=5019&itemcode=34155A&bhcp=1

    Bronte x

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    And here is the web site for the Trust Structure Guide. Have a look at the menus, including the flow chart:

    http://tsg.taxinstitute.com.au/

    BTw, it is only $250.00

    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

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi Erik

    Steve has a product for sale called Wealth Guardian.  I've found it to be an excellent resource for all my "structuring" questions.  You can find it at:
    https://www.propertyinvesting.com/resources/products/11

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

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