Hey all, Im new here. I have a hybrid trust for business but now want to setup one for Property Investing. I have a few properties already but will sell these to buy more in the next few months. Can anyone suggest a trust they'd recommend? I was looking at discretionary family trusts... A few Questions: 1) do all funds need to be disitributed at EOFY or can income rollover to acquire more property? 2) can expense be claimed such as stamps and renovations in the trust? Think thats it for now. Cheers and happy property hunting! Dominique
1. Depends on the terms of the trust but income could potentially accumulate, but adverse tax consequences 2. Normal expenses can be claimed but stamp duty on transfer of land is a capital expense.
