Hi All, I'm new to this forum and let me say that this is an amazing resource. I wish I had found it a lot earlier. Oh well, I'm here now so all good. I keen to hear anyone's thoughts on a problem I have. I currently have an IP that is held in my family (discretionary) trust. This was a good arrangement when I had money flowing through the trust, but my employment circumstances have now change and as such I don't have any money flowing through the trust other than the rental income. The IP is negatively geared so I am making up the short fall out of my own pocket and the income losses remain locked in the trust. I would really like to gain access to the income loss so I can reduce my taxable income (standard negative gearing). I've had some discussion about possible options with my accountant, but I'm not sure my account is really thinking too hard about this. So I am very keen to hear whether anyone might have suggestions how I can access the income losses currently locked up in my trust. I live in NSW and normally the transfer of a property held in trust to a beneficiary is only subject to a $50 transfer fee and not traditional stamp duty. But for various reasons (for which I won't go into here) this is not an option and the NSW Office of State Revenue has confirmed that if the property is transferred to me (as a beneficiary) then regular stamp duty will be applicable. This will probably also trigger CGT, but as I've only owned the property for a short period of time the CGT should be too harsh. I'm happy to transfer to IP to me personally so I can access the income loss, but I don't have enough cash on hand to pay for the stamp duty. I was thinking that if I establish a LOC I would pay the stamp duty with that and claim a deduction on the LOC interest payments. Is this possible? I do like the idea that any CGT incurred by the trust can be distributed to beneficiaries so I was wonder whether there are any tricks in which the IP remains in the trust but somehow I can access the loss. Any thoughts. I have been advised that if I convert the trust to a hybrid trust then I could take a loan to purchase units and that interest would be deductible. I'm not comfortable with converting my trust to a hybrid so that is out. Sorry for the long rambling post, but hopefully it will explain my predicament. Look forward to reading any suggestions.