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buying through a Trust!

Discussion in 'Accounting, Tax & Legal' started by Triu, 16th Jan, 2007.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Hi can anyone help me i am a little confused.

    I buy a property through the HDT and i get the loan in my name and loan the money to the trust who in turn buys the property this i understand.

    But what if my wife and I both work. What if we both wanted to buy property. Is it possible to have her get a loan in her name and then loan to trust etc.

    Any ideas how we can purchase more property quicker and also reduce both of our taxable incomes?

    thanks for any help!
     
  2. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Good luck with it!
    Cheers
    N.
     
  3. julia

    julia Active Member

    Joined:
    3rd Jan, 2007
    Posts:
    38
    Location:
    Beachmere Qld
    Triu,
    Sounds like you could benefit from reading the January and February issues of Australian Property investor magazine. Dale GG does an article on HDTs in both. I have an article on crunching the numbers to work out how the property is going to effect you tax wise in January's edition and in February I take that one step further to see how much it must go up in value to recover the accumulated loss of negative gearing.

    Julia
    bantacs.com.au