Should I buy property through a trust?

01/05/2007

Q:
I’m buying a second property. Should I buy through a trust set up to protect this property?

A: My personal view on this is to not worry about buying via trusts until you either have four or more properties or have reached the land tax threshold (NSW is $352,000.00).

If you buy via asset protection discretionary trusts the trust gets no tax benefits but it does protect the asset.

Property investors that are in the early stages of building a property portfolio need all the tax benefits possible they can get to advance them faster.

Question answered by Paul Giezekamp, director of Property Secrets.

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