My accountant told me that if the shares are in a personal name then they can get it from the tax portal. Shares in a trust though are not shown....
I think you will run into issues with PSI (personal services income) rules. Regards, Jason
From your message, I take it you have paid down your existing loan as apposed to putting your savings into an offset account attached to the loan?...
I'm in similar position - run IT consulting business through a discretionary trust. I have a separate trust for holding shares. One main...
Yes (you don't actually need to keep it as IO - it could be P&I, however having it as IO maximizes your deductions after you rent it back out again).
Once you move out and start renting it again then you would be able to claim the interest on the loan as a tax deduction again (assuming you...
Rewind a second - what asset protection are you achieving from buying the property in a unit trust? What are you trying to protect against?...
Deductibility is determined by the purpose for which funds are used, not what they are secured against. Also if you refinance a loan with another...
Just to expand on what GregR has said with some example figures: Scenerio 1 You borrow $295k (80% LVR) of the house price. Loan is setup as...
The $2000 extra equity is "yours" - however to get to it you have to either sell the BHP shares, or increase the size of your margin loan (to do...
Highly doubt it. Dividend income has franking already. Say you had $15384.62 (you see why I picked this amount later) and you had the choice...
If the beneficiaries of the trust are setup appropriately, you can distribute the profit from one trust to another trust. If the second trust has...
Please see "http://www.ato.gov.au/individuals/content.aspx?doc=/content/00237831.htm&page=9". This confirms my original view - interest is...
My understanding is that it is the date that it becomes available to rent out. Regards, Jason
Are you aware of changes in the recent budget that reduces the amount you can distribute to minors tax free? Regards, Jason
It would depend on the wording of the trust deed I would expect. However you shouldn't need to for either of the reasons you listed - my trust...
There is a search option via "property number" - I would give that a go using the number off your council rates. Jason
Yes. I had to get the title reference off my rates notice (and format it correctly) to find my place - the address search didn't work....
There is a tool on the NSW Land Tax Online shop to get the land value of your properties for free. You can get the land value of a potential...
I did it all through my accountant. As you say, it is just a company (of which you would be the director) acts as the trustee. Really a...
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