The other drawback that's not mentioned in this video which I think is pretty significant is that a trust pays a lot more land tax. However if you have more than $3,000,000 in land value then the land tax would be the same, so IMO if you are setting one up to hold properties, only really worth it if you have $3m or more in land value.
@@cassiewestland468 The total in a state/territory. It can be single or multiple properties. Each state/territory have different land tax thresholds for Family Trusts.
Absolutely loved this video guys. Thank you so much for sharing this information in a very clean & precise manner. As a director l appreciate this content!! Please Keep the content coming
Explained really clearly, thank you! I read that the 50% CGT is applicable to a family trust, am I correct assuming that if the capital gain is 10000 and the two beneficiaries each received 5000, then when the beneficiary do their tax at the end of the year, they only need to report 2500, am I correct?
Thanks so much for this video!! Very informative. Takes the sting out all of this stuff. My name is JD. Question: Can a Trustee also be a Beneficiary? Couldn't that be a conflict of interest? Question: The Trust protects my personal assets from Creditors, but can Creditors still attempt to sue the Trust? Thanks so much guys!
@@TysonTheRand to claim it for tax purposes “claim interest, depreciation, and other associated expenses as a tax deduction “ A lot of big investors do so or rent vest instead
oh man i got a headache trying to comprehend from someone with broken english explaining and also what was the point of the dude being there at the start ... he would of done a better job🥲