Have I missed the
deadline writing about property now, as it seems the Sydney market is slowing…
I am sure Australians will create some hot property spots soon! Australians
love their property though how should you own it… In your name, your spouses
name, jointly, a trust and what kind of Trust?
For the purposes of
investment there are advantages of holding assets on trust as assets are protected from nasty
creditors trying to get your assets! Don’t kid yourself that insurers always
pay and will cover you, they don’t want to pay and the affected parties may
come after your personal assets! Your assets are much harder to attack if held
in a trust.
Tax advantages of holding income
producing assets in a discretionary trust is it allows effective income
splitting in your extended family, which can only be good for you! Negative
gearing is a popular strategy and objective of buying property in your own
name; this can be achieved along with the asset protection of a trust through unit
trust structures.
There is always
a potential gain and plenty to consider. Please contact me on 02
8207 6721 or [email protected] if you would like to
know more.