Screwed up trust structure... Need help!

Im not an Accountant either, but the advice @Cactus gave above was exactly what came immediately to mind.

It sounds like you have surplus cash, so put it to work instead of using it to fix.

From your original and subsequent posts it sounds like you're more willing to burn cash (extra SD, more LMI, more accountant and now solicitor fees, possible new mortgage fees etc) by trying to get the perfect investment structure.

Long term, with the advixes here, you will probably be better off with this fix, than mass rejigging of the same effective portfolio. You will also have some diversification in asset classes as well which people who are aggressively property focussed tend to forget about.

pinkboy

 

So you would save some land tax each year by transferring them into your own name.

QLD also has an interesting section of the duties act which you should get legal advice on - s123. Not sure if it would apply in this case.

 

If you have surplus cash you could make an interest free loan to the trust or gift and then the trustee can park this in an offset and reducing the interest and thereby increasing the income.

This will divert income from yourself to the trust.

 

DUTIES ACT 2001 - SECT 123 Exemption—particular distribution of dutiable property to a beneficiary

This section allows for the transfer of property to a beneficiary without stamp duty, in some circumstances. Did you end up doing this? I am considering this now for a client.

 

Op are you saying 10k tax loss per property? If so you cant compare that directly to 30k of stamp costs, which are after tax.