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Terry's Tax Tips

Discussion in 'Accounting & Tax' started by chylld, 19th Aug, 2015.

  1. chylld

    chylld Well-Known Member

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  2. MikeLivingTheDream

    MikeLivingTheDream BCOM MCOM MTAX CPA CTA Registered Tax Agent

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    nice should bookmark this
     
  3. blackenator

    blackenator Well-Known Member

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    Awesome thanks very much hylld and Thanks Terryw for all the info
     
  4. chylld

    chylld Well-Known Member

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  5. bonanzawealth

    bonanzawealth Well-Known Member

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  6. chylld

    chylld Well-Known Member

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    Last edited: 25th Aug, 2015
    Sully and lixas4 like this.
  7. albanga

    albanga Well-Known Member

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    Great idea. Given @Terry_w is the one who writes these then perhaps he can post an index thread and update it accordingly. Do not allow people to post into the index thread, just the other associated threads.
    @Depreciator would you allow this to be stickied? A lot of people have got a lot of benefit from these posts and a lot of work on Terry's behalf and it would be great to have them constantly available at the top of the list as opposed to needing to search for them all the time.
     
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  8. chylld

    chylld Well-Known Member

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    Would be more than happy for terry or a mod to copy / take ownership of this list (saves finding and making all the links again!)
     
  9. chylld

    chylld Well-Known Member

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  10. chylld

    chylld Well-Known Member

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  11. Redwing

    Redwing Well-Known Member

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    Nice work

    Thanks Terry
     
  12. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Thanks Chylld

    I have made a spreadsheet of posts and links so I can keep track. Maybe I could post a link every 5 tips or every week or so.

    Also don't forget the law tips. They don't seem to be as popular as the tax tips
     
    Small_investor, Xenia and apk like this.
  13. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Title Link
    Legal Tip 1 Minor child demanding money on trust before 18 on intestacy https://propertychat.com.au/community/threads/legal-tip-1.209/
    Legal Tip 2: Asset Protection and clawback provisions https://propertychat.com.au/community/threads/legal-tip-2-asset-protection.224/
    Legal Tip 3: Your Will cannot direct what happens to your super https://propertychat.com.au/community/threads/legal-tip-3-superannuation.275/
    Legal Tip 4: Ownership Structure personal names https://propertychat.com.au/community/threads/legal-tip-4-ownership-structure.324/
    Legal Tip 5 And/or nominee and stamp duty issues https://propertychat.com.au/community/threads/legal-tip-5-and-or-nominee-and-stamp-duty-issues.389/
    Legal Tip 6 Bankruptcy and Terms in Trust deeds https://propertychat.com.au/community/threads/legal-tip-6-bankruptcy-and-terms-in-trust-deeds.440/
    Legal Tip 7 Get an Enduring Power of Attorney done https://propertychat.com.au/community/threads/legal-tip-7-get-an-enduring-power-of-attorney-done.501/
    Legal Tip 8: The legal side of avoiding cross collateralising properties https://propertychat.com.au/community/threads/legal-tip-8-avoid-cross-collateralising-security-properties.562/
    Legal Tip 9: What is a Testamentary Discretionary Trust? https://propertychat.com.au/community/threads/legal-tip-9-what-is-a-testamentary-discretionary-trust.612/
    Legal Tip 10 Aggregation of Stamp duty https://propertychat.com.au/community/threads/legal-tip-10-aggregation-of-stamp-duty.654/
    Legal Tip 11 Other legal ownership structures (non individuals) https://propertychat.com.au/community/threads/legal-tip-11-other-legal-ownership-structures.680/
    Legal Tip 12 Parents Helping Adult Children https://propertychat.com.au/community/threads/legal-tipe-12-parents-helping-adult-children.736/
    Legal Tip 13 Do your trust resolutions before 1 July https://propertychat.com.au/community/threads/legal-tip-13-do-your-trust-resolutions-before-1-july.772/
    Legal Tip 14 Who should be a director of the Company? https://propertychat.com.au/community/threads/legal-tip-14-who-should-be-a-director-of-the-company.838/
    Legal Tip 15 An issue with mixed purpose loans where both portions are investment. https://propertychat.com.au/community/threads/legal-tip-15-an-issue-with-mixed-purpose-loans-where-both-portions-are-investment.902/
    Legal Tip 16 Asset Protection: General Issues https://propertychat.com.au/community/threads/legal-tip-16-asset-protection-general-issues.945/
    Legal Tip 17 The 18+ Advantages of using a UT v Personal Name https://propertychat.com.au/community/threads/legal-tip-17-the-18-advantages-of-using-a-ut-v-personal-name.969/
    Legal Tip 18 Mortgage Stamp Duty (focusing on NSW) https://propertychat.com.au/community/threads/legal-tip-18-mortgage-stamp-duty-focusing-on-nsw.1008/
    Legal Tip 19: Life Insurance and Creditors upon death https://propertychat.com.au/community/threads/legal-tip-19-life-insurance-and-creditors-upon-death.1059/
    Legal Tip 20: Estate assets v Non Estate assets https://propertychat.com.au/community/threads/legal-tip-20-estate-assets-v-non-estate-assets.1128/
    Legal Tip 21 Death: Who to Call? https://propertychat.com.au/community/threads/legal-tip-21-death-who-to-call.1174/
    Legal Tip 22 Buying a property in the name of 1 spouse for asset protection reasons https://propertychat.com.au/community/threads/legal-tip-22-buying-a-property-in-the-name-of-1-spouse-for-asset-protection-reasons.1221/
    Legal Tip 23 Why Set up a testamentary trust https://propertychat.com.au/community/threads/legal-tip-23-why-set-up-a-testamentary-trust.1262/
    Legal Tip 24 Spouses and law https://propertychat.com.au/community/threads/legal-tip-24-spouses-and-law.1291/
    Legal Tip 25 Children helping parents out https://propertychat.com.au/community/threads/legal-tip-25-children-helping-parents-out.1323/
    Legal Tip 26 Always ask for a guarantee but never give one https://propertychat.com.au/community/threads/legal-tip-26-always-ask-for-a-guarantee-but-never-give-one.1367/
    Legal Tip 27 Naming Trusts and Companies https://propertychat.com.au/community/threads/legal-tip-27-naming-trusts-and-companies.1404/
    Legal Tip 28. Land Tax and Property Ownership https://propertychat.com.au/community/threads/legal-tip-28-land-tax-and-property-ownership.1470/
    Legal Tip 29. Combining ownership Structures https://propertychat.com.au/community/threads/legal-tip-29-combining-ownership-structures.1510/
    Legal Tip 30 The risks of having large number/volume of loans with 1 lender https://propertychat.com.au/community/threads/legal-tip-30-the-risks-of-having-large-number-volume-of-loans-with-1-lender.1553/
    Legal Tip 31 Trust Resettlements https://propertychat.com.au/community/threads/legal-tip-31-trust-resettlements.1580/
    Legal Tip 32 What happens to trust property if the trustee is deregistered? https://propertychat.com.au/community/threads/legal-tip-32-what-happens-to-trust-property-if-the-trustee-is-deregistered.1619/
    Legal Tip 33 Fathered a child overseas? https://propertychat.com.au/community/threads/legal-tip-33-fathered-a-child-overseas.1658/
    Legal Tip 34 Ademption and Wills https://propertychat.com.au/community/threads/legal-tip-34-ademption-and-wills.1710/
    Legal Tip 35 Dying without a will https://propertychat.com.au/community/threads/legal-tip-35-dying-without-a-will.1750/
    Legal Tip 36 Clauses in Trust deeds removing Appointors upon Bankruptcy https://propertychat.com.au/community/threads/legal-tip-36-clauses-in-trust-deeds-removing-appointors-upon-bankruptcy.1802/
    Legal Tip 37 Don’t count of contracts completing https://propertychat.com.au/community/threads/legal-tip-37-dont-count-of-contracts-completing.1836/
    Legal Tip 38 Spousal and Related Party Loans https://propertychat.com.au/community/threads/legal-tip-38-spousal-and-related-party-loans.1872/
    Legal Tip 39: And/or Nominee contracts and Asset protection https://propertychat.com.au/community/threads/legal-tip-39-and-or-nominee-contracts-and-asset-protection.2032/
    Legal Tip 40: Forgiving Loans on death - A recent case https://propertychat.com.au/community/threads/legal-tip-40-forgiving-loans-on-death-a-recent-case.2128/
    Legal Tip 41: What is a Trust? https://propertychat.com.au/community/threads/legal-tip-41-what-is-a-trust.2181/
    Legal Tip 42: Suing a Trust https://propertychat.com.au/community/threads/legal-tip-42-suing-a-trust.2200/
    Legal Tip 43: Suing a Corporate Trustee https://propertychat.com.au/community/threads/legal-tip-43-suing-a-corporate-trustee.2249/
    Legal Tip 44: Director Liability with Trustee Companies https://propertychat.com.au/communi...rector-liability-with-trustee-companies.2294/
    Legal Tip 45 Avoid Agreeing to Settle a Property on a Friday https://propertychat.com.au/community/threads/legal-tip-45-avoid-agreeing-to-settle-a-property-on-a-friday.2320/
    Legal Tip 46: Is property held by a trustee safe if trustee becomes bankrupt? https://propertychat.com.au/community/threads/legal-tip-46-is-property-held-by-a-trustee-safe-if-trustee-becomes-bankrupt.2360/
    Legal Tip 47: Finalise divorces https://propertychat.com.au/community/threads/legal-tip-47-finalise-divorces.2628/
    Legal Tip 48 Don’t Treat Trust Assets as if they are your own assets https://propertychat.com.au/communi...t-assets-as-if-they-are-your-own-assets.2415/
    Legal Tip 49: Business Succession Strategy on Death of 1 Partner https://propertychat.com.au/community/threads/legal-tip-49-business-succession-strategy-on-death-of-1-partner.2463/
    Legal Tip 50: Family Provision Claims Against Estates https://propertychat.com.au/community/threads/legal-tip-50-family-provision-claims-against-estates.2510/
    Legal Tip 51: Divorces/Separations and Beneficiaries of Discretionary Trusts https://propertychat.com.au/community/threads/legal-tip-51-divorces-separations-and-beneficiaries-of-discretionary-trusts.2562/
    Legal Tip 52 Who should be the shareholders of a trustee company? https://propertychat.com.au/community/threads/legal-tip-52-who-should-be-the-shareholders-of-a-trustee-company.2600/
    Legal Tip 53: Structuring Life Insurance https://propertychat.com.au/community/threads/legal-tip-53-structuring-life-insurance.2656/
    Legal Tip 54: Stamp Duty Transferring a property from a trustee to a Beneficiary in WA https://propertychat.com.au/communi...y-from-a-trustee-to-a-beneficiary-in-wa.2684/
    Legal Tip 55: A Company Owning Property https://propertychat.com.au/community/threads/legal-tip-55-a-company-owning-property.2717/
    Legal Tip 56: Duties of an Executor of an estate https://propertychat.com.au/community/threads/legal-tip-56-duties-of-an-executor-of-an-estate.2752/
    Legal Tip 57: Legal Research - How to do it https://propertychat.com.au/community/threads/legal-tip-57-legal-research-how-to-do-it.2846/
    Legal Tip 58: Death of a trustee https://propertychat.com.au/community/threads/legal-tip-58-death-of-a-trustee.2872/
    Legal Tip 59: Excluding Beneficiaries from Trusts https://propertychat.com.au/community/threads/legal-tip-59-excluding-beneficiaries-from-trusts.2897/
    Legal Tip 60: Appointor Roles in Trusts https://propertychat.com.au/community/threads/legal-tip-60-appointor-roles-in-trusts.2926/
    Legal Tip 61: Multiple Trusts as an Asset Protection Strategy? https://propertychat.com.au/communi...-trusts-as-an-asset-protection-strategy.2966/
    Legal Tip 62: Partial Intestacy https://propertychat.com.au/community/threads/legal-tip-62-partial-intestacy.3007/
    legal tip 63: Preference payments - being asked to give back money that was owed to you https://propertychat.com.au/communi...to-give-back-money-that-was-owed-to-you.3062/
    Legal Tip 64: Differences between a unit trust and a company https://propertychat.com.au/communi...nces-between-a-unit-trust-and-a-company.3098/
    Legal Tip 65: Free wills cost a fortune https://propertychat.com.au/community/threads/legal-tip-65-free-wills-cost-a-fortune.3134/
    Legal Tip 66: Why should I have a will? https://propertychat.com.au/community/threads/legal-tip-66-why-should-i-have-a-will.3171/
    Legal Tip 67: Codicil - What is it and Why use one? https://propertychat.com.au/community/threads/legal-tip-67-codicil-what-is-it-and-why-use-one.3196/
    Legal Tip 68: Avoid 99%/1% ownership of property https://propertychat.com.au/community/threads/legal-tip-68-avoid-99-1-ownership-of-property.3237/
    Legal Tip 69: Court Made Wills https://propertychat.com.au/community/threads/legal-tip-69-court-made-wills.3282/
    Legal Tip 70: Two owners of a property - one wants to sell the other doesn't https://propertychat.com.au/communi...erty-one-wants-to-sell-the-other-doesnt.3310/
    Legal Tip 71: Selling shares in a company that owns property instead of the property https://propertychat.com.au/communi...t-owns-property-instead-of-the-property.3375/
    Legal Tip 72: Trust Splitting https://propertychat.com.au/community/threads/legal-tip-72-trust-splitting.3399/
     
  14. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I still havent seen the tip about using a hamster as a custodian trustee?
     
  15. chylld

    chylld Well-Known Member

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  16. chylld

    chylld Well-Known Member

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  17. MikeLivingTheDream

    MikeLivingTheDream BCOM MCOM MTAX CPA CTA Registered Tax Agent

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    Most hamsters live to be 3 or 4 years old so couldn't have a hamster as a custodian trustee as would be a minor and couldn't execute legal contracts. A tortoise would be better as they can live to hundreds of years old. I believe a bowhead whale would be the best.
     
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  18. chylld

    chylld Well-Known Member

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  19. Frazz

    Frazz Well-Known Member

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    @Terry_w This is some fantastic information. Your posts are great. Thanks a lot for taking the time to post this!
     
    Terry_w likes this.
  20. chylld

    chylld Well-Known Member

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