terry - do you have tips a la "transferring funds to a company". Assume the company money is used to buy assets and you want those out of reach...
Yes, Mrs 1% realises 10k but that share is coming from her PPOR (very inefficient I know). How could she incur CGT? And if so, at what rate (it is...
Thanks to all posters on this topic. From a qld perspective, I want to confirm the following scenario; My defacto and I are listed on the...
yes terry and paul, thank you.
§24 of the land tax act 2010 (QLD) says that a beneficiary of a trust (for land tax purposes) is “a person in whose favour, a power of appointment...
Land not yet purchased. Any transfer would not happen until the grant was received and eligibility period was fulfilled... *Should* be...
Just supporting our construction industry. Or trying to.
To get this Home Builder grant (25k), singles can’t earn more than 125k. Apparently only poor people can afford 150k renos. However ‘couples’...
Hi Paul, The whole question revolves around asset protection to the Life Estate (LE). I read the OSR guidance is saying "well your mum died to...
A UT restructuring question; Say Bart is a high risk cosmetic surgeon and a slacker. He refuses to live anywhere but the (NSW) family home He...
Could someone please confirm the following; My mother dies and grants me a ‘right to reside’ in her investment property (via a testamentary trust)...
Good point. Consider the following; A mother buys an investment property outright in a NSW fixed unit trust (TRUST A) for the purposes of...
Can't see how it would work with FUT (consider case where she is a minority shareholder). May not work if 'mum' owned the land outright either...
yes, I misspoke. Let's say "the structure should provide a raised cost barrier to any hostile litigant compared to the scenario where you had no...
But there are two different unit holders (U/H). The only way your scenario can happen is if the control of the trust AND units of U/H A end up...
very interesting. I have received email confirmation from the OSR that beneficiaries of a trust held property are 100% exempt from NSW land tax as...
Dear All. Another option occurred to me. Could i use a foreign company as trustee of a land trust? Normally such a thing would lead to serious...
Yes, she cannot be taxed as a trustee but since she also holds units, it would count towards her (NSW) LT threshold (assuming a fixed UT). As long...
1. What if I owned 1 unit and my mother (who is sole trustee) 99 units? My exposure would be ~nil because I control ~nothing. Wouldn't I have...
Re: asset protection for NSW fixed unit land trust; A. Would becoming the trustee of the fixed unit trust shield property housed in the trust -...
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