Recent Content by redsquash2

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  1. redsquash2
    Thread

    Using equity from an overseas property to obtain a loan

    Part 1. Our property in NZ is being rented and positively geared We are recently arrived and have full-time jobs in Sydney.We wish to enter the...
    Thread by: redsquash2, 6th Aug, 2023, 8 replies, in forum: Loans & Mortgage Brokers
  2. redsquash2
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    Why don't directors hold shares

    In many ASX companies, many directors don't hold shares in that company. If they are prepared to make decisions about the direction of the company...
    Thread by: redsquash2, 10th Dec, 2022, 9 replies, in forum: Living Room
  3. redsquash2
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    Paying tax within a discretionary trust

    Thanks Mark but CGT is levied as it is an investment property
    Post by: redsquash2, 3rd Jul, 2020 in forum: Accounting & Tax
  4. redsquash2
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    Paying tax within a discretionary trust

    yep the unfortunatly boat has floated due to stubbornness on some beneficiaries parts. Mark Could you list 3 major differences to...
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  5. redsquash2
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    Paying tax within a discretionary trust

    Probate completed.no creditors Mark could you elaborate on your comment of PS - there are times the ATO, Centrelink etc will see through the...
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  6. redsquash2
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    Paying tax within a discretionary trust

    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  7. redsquash2
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    Paying tax within a discretionary trust

    Maybe I shouldn't have have used the word discretionary, but the ato treats the estate as a trust for tax purposes. We want to sell the property...
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  8. redsquash2
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    Paying tax within a discretionary trust

    No thats incorrect for deceased estates if you follow the link. read the link then tell me where I have misunderstood.Thanks for your reply Mark
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  9. redsquash2
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    Paying tax within a discretionary trust

    Thanks trainee. For tax purposes a deceased estate is treated as a trust. Unlike a natural person or a company, a trust is not a legal entity...
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  10. redsquash2
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    Paying tax within a discretionary trust

    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  11. redsquash2
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    Paying tax within a discretionary trust

    Thanks Jason and mark
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  12. redsquash2
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    Paying tax within a discretionary trust

    19% refers to ATO web site for deceased estates that have existed longer than 3 years Tax rates - deceased estate I was trying to keep things...
    Post by: redsquash2, 2nd Jul, 2020 in forum: Accounting & Tax
  13. redsquash2
    Thread

    Paying tax within a discretionary trust

    I'm thinking of creating a discretionary family trust. Will a discretionary trust be useful in this simplistic proposal below? I will keep it...
    Thread by: redsquash2, 2nd Jul, 2020, 22 replies, in forum: Accounting & Tax