Canada is making some changes effecting small businesses Small businesses wary of new income-splitting rules in 2017 federal budget How likely...
Hi all, Is it possible to have a property held in a trust to be deemed PPR (you are living in it) and be entitled to land tax and GCT exemptions.
Thinking out loud here. A trust can essentially borrow any amount of money for investment and claim the interest as an expense. The secured equity...
As I have most of my income generating assets in a family trust and looking to retire in the next few years, the proposed changes by Labor got my...
Scenario for this topic. Party A (downsizers) wish to purchase a property (would be an IP for 1-2 years) before moving into it as a PPOR. Party A...
has anyone done this? How old can they be - 16 or 18? It is simple? I'd like to give a unit to each child then get them to pay me rent (I've seen...
Hi everyone, We bought our 2nd IP a few weeks ago, settle in a few months. It's tenanted until March 2018 so we don't have to spend anything on a...
If a trust owns a company, and the company loses money, what does the trust's tax return look like? For example: Trust makes $10 from dividends,...
Hi, I am applying for a TFN for a trust I have recently established. It seems a simple question but the ATO website is contradictory. It states:...
I believe a discretionary trust can't really distribute to a SMSF directly but is there a way around this to take advantage of the tax benefits of...
Hi guys, As part of a larger tax strategy I am doing, I've been told by my accountant I need some legal documentation. More specifically, I...
Hi, I am rethinking the structure I use to hold properties and shares going forward. I have a pty ltd that I use to receive business income. Can I...
Hello everyone, I'm thinking a trust makes sense for me later rather than now, but I've never used one so I'd like any tips. Here is a...
I operate my business through a company, which is 100% owned by my family trust. The company will pay out some of its profits as a fully franked...
Brains Trust My PPR is set up with a CBA LOC for the purpose of putting deposits on IPs. The interest on this LOC is tax deductible. If I...
Can anyone please tell me if the NSW OSR hold copies of trusts, I can not remember whether a copy of mine was taken when I had it stamped, just...
Hello everyone, I have tried to read as much as possible but think I should also ask outright to see what is applicable or not. Thank you for...
Hey Guys, I am about to purchase an existing franchise.The structure that will be put in place is as follows; 50% of the Company will be owned...
We are sometimes approached with families that want to keep substantial business and property assets in the direct family line for future...
Hi All, I am glad I found this forum. So much good advice on here. I would like to open a trust structure but not sure which one - company or...
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