Hi Paul, If the trust is discretionary with a company as trustee, and not a unit trust would the below points you mentioned still apply ? If the...
Many thanks Paul! :)
Yes this is important too :)
Hi Paul, Yes the loan interest from the director to the trust should be at whatever interest rate the bank charges the director on the funds....
Many Thanks Terry ! :)
Thank you Paul :)
What is lent on arms length terms? And how can this be set up?
Hi Terry, So if trust repayment on loan interest charge is taxable then is the interest charge from loc/equity incurred by the director from the...
Thanks DT! So individuals can write the loan agreement up themselves without going through a solicitor ? Can this still be done after settlement...
Thanks Terry, so if interested received from the trust is income, will the director have to pay tax on this? And whatever interest bill paid to...
Hello Tax experts, Say if a director and sole beneficiary of a discretionary trust (set up with ACN) takes out money from LOC or equity to loan...
I have recently been in a similar situation to you and Nick has been of great help. Would recommend you give him a call.
well if you have managed to pull the pins on your jobs in order to do RE full time then that's a great achievement already. Great hobby that earns...
Congrats :) must be nice to be able to retire so early and still at a young age :)
Must be fun to be able to this full time :) Do you find it harder getting loans for dev projects without a full time job Leo ?
Hi dabbler, No it was the opposite! I have been planning to leave for quite some time now but need to go through all my statements first and wait...
Thank you so much Xenia. The tenant has not yet denied access for inspection. In fact they requested that we only do showing after they moved out...
Please help, I have an IP in the campbelltown area in Sydney. The PM and I got along quite well at the beginning and she has been managing it...
Do you buy in bulk then sell down when the market peaks Leo ? Or do you buy and hold and keep them for multi cycles ?
Hi Leo, What do you usually do to 'add value' to your properties ? What strategies do you find works best so far ? If the IP is interstate, do...
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