All Topics / Legal & Accounting / Creating a Discretionary Trust

Viewing 2 posts - 21 through 22 (of 22 total)
1 2
  • Profile photo of Anthony KAnthony K
    Participant
    @anthony-k
    Join Date: 2010
    Post Count: 56
    March 8, 2011 - 2:37 am

    Dear TerryW
    Please explain in simple terms why "this is clearly incorrect".
    Give a clear explanation and reasons supported by any third party basis.
    I hav'nt got time for the next wek to go research again, my view is based on what I have done over 30+ years of study.
    I recognise that I am not infallable.

    There are a number of elements in tax planning.
    1. Is – what do you intend to do and what is the outcome you are looking to be derived ?
    2.. Over what period ? and what kind of financial outcome ?, Production of net income ? or a Loss ? but maybe the sale of an asset which is not part of your business trading stock ? and is purchased for "investment".
    reagrds
    AK

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 8, 2011 - 2:55 am

    Anthony,

    Please read the legislation referred to above. Does it refer to intention? Does it refer to holding an asset for 12 months and 1 day before CGT applies?

    You got it wrong I think. But that is ok, we are all here to learn. I also get it wrong sometimes (the last time was in 1987),

    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

Viewing 2 posts - 21 through 22 (of 22 total)
1 2

You must be logged in to reply to this topic. If you don't have an account, you can register here.