Thanks Paul. I think if we apply this to the initial scenario that would mean a different conclusion to that indicated previously. That is, any...
Thanks, I think the ruling relates to the position of the lessee or lessor but may not consider the perspective of a purchaser.
Thanks Terry. So what you are saying is that it should all be reflected in the cost base for the property, so the net amount would be the cost base.
I am trying to determine the tax treatment in the following situation. A commercial property has a lease incentive in the form of a rent free...
Thanks, so it looks like I have to take the risk of whatever defects may be in the building.
I am looking at buying a strata commercial property. It is in a building that has been redeveloped relatively recently, with partial demolition...
Thanks Terry. That's interesting. So the court said that the trust assets were not property of the marriage. However, the trust was considered...
So if the individual was a director but not a named beneficiary it probably wouldn't help. Could it be viewed as the parent's trust but just...
Thanks Terry, that makes sense. What if it the named beneficiaries are the parents of the individual that would be the director of the corporate...
Thanks Terry. What I was told was that perhaps it would be better for other family members to be named beneficiaries to enhance asset protection....
Thanks Terry. A preliminary legal chat suggested that it may be better for asset protection to increase the beneficiaries named. However, I was...
Thanks Rolf. I'm not trying to add persons to act as guarantor, trying to limit them. Thinking about who should be the named as beneficiaries in...
I would like to clarify who is normally asked to be guarantor of loans that are made through a corporate trustee? Director of corporate trustee:...
Yes, say you have your own liabilities and debts. Also assume you have guaranteed debt for borrowings through corporate trustee of trust. If you...
Thanks for the link Terry. On the examples in your link, if a bank asks you to disclose your liabilities, loans or debts, would that include your...
Thanks Shahin. So are you saying that it is actually a benefit? The debt of the trustee may not be taken into consideration when borrowing funds...
Sorry can I clarify this please. Is the borrower the trust but the borrowing capacity assessed against the individual taking into account the...
Thanks Shahin. Is the point you are raising that if you have property and associated income in a trust it isn't attributable to you and it may...
What type of contractual disputes? Would these mainly be related to the lease? Just trying to think what type of exposure there would be for...
Thanks Terry. Would this be litigation from the tenant because of some failure in the property? Are there some examples of what this could this...
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