FAMILY TRUST AUSTRALIA: SHOULD YOU SET ONE UP?

Поделиться
HTML-код
  • Опубликовано: 27 янв 2025

Комментарии • 40

  • @The10dai
    @The10dai 2 года назад +7

    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

    • @DavieMach
      @DavieMach  2 года назад

      Glad it was helpful!

  • @michaelsutanto5592
    @michaelsutanto5592 Год назад +9

    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
      @cassiewestland468 Год назад

      Is this land value total that can be spread across multiple properties or a single property only?

    • @vinnyjones6662
      @vinnyjones6662 10 месяцев назад

      @@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.

  • @msmoove8154
    @msmoove8154 7 месяцев назад +1

    Thank you. An Australian channel that talks business. I can relate too. 😊

  • @dmenace9288
    @dmenace9288 2 года назад +1

    You guys are awesome. Thanks for doing all this.

    • @DavieMach
      @DavieMach  2 года назад

      Thanks for watching!

  • @pongpong112
    @pongpong112 Год назад

    Nice one guys!🎉

  • @shanpieee
    @shanpieee 6 месяцев назад

    great video! thanks!

  • @kerinbooth3166
    @kerinbooth3166 2 года назад

    Excellent video thank you! Will share with family members.

    • @DavieMach
      @DavieMach  2 года назад

      Please do, Kerin. Glad you got something out of this!

  • @thanht90
    @thanht90 2 года назад +1

    This video was great. Concises and straight to the point! Plus I think i'm getting a pretty big crush on Davie! He's pretty cute

    • @DavieMach
      @DavieMach  2 года назад

      Thanks Thanh, you always had the crush. Just approach him and be honest!

  • @deemad2180
    @deemad2180 2 года назад +1

    Brilliant

    • @DavieMach
      @DavieMach  2 года назад

      Thanks for watching, Dee!

  • @TheTraveler2222
    @TheTraveler2222 Год назад +2

    Can the Trustee(s) themselves also be their own beneficiary?

  • @hjuniform
    @hjuniform Год назад +3

    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?

  • @nammalilleee3207
    @nammalilleee3207 2 года назад +2

    Discretionary Trusts still have PSI rules applicable?

    • @DavieMach
      @DavieMach  2 года назад

      Yes if you earn PSI income

  • @rishabhpatadia2288
    @rishabhpatadia2288 Год назад

    Does the split income work for TFN income as well, or does it have to be business or other income?

  • @sivankumar86
    @sivankumar86 3 месяца назад

    How to open family trust

  • @tongPoh
    @tongPoh 2 года назад +1

    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!

  • @petnahc
    @petnahc 19 дней назад

    Can a trustee be a beneficiarie?

    • @DavieMach
      @DavieMach  19 дней назад

      Possible if the trust deed allows it

  • @sushantkarki2708
    @sushantkarki2708 11 месяцев назад

    If i am the trustee , can my creditors come after the trust assets?

    • @DavieMach
      @DavieMach  11 месяцев назад

      Best to speak to a lawyer about this

  • @davidmcdonald5693
    @davidmcdonald5693 2 года назад +4

    Could I open a trust and buy a property under that trust and rent it out to myself? 🤔🤔🤔

    • @DavieMach
      @DavieMach  2 года назад +1

      you can, but then you will have to pay income tax on the rental income?

    • @TysonTheRand
      @TysonTheRand Год назад

      Why tf would you wanna do that

    • @enxhifusha5979
      @enxhifusha5979 Год назад

      @@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

    • @justwingit1633
      @justwingit1633 8 месяцев назад

      Mate u can do whatever u like the world is your oyster

  • @watekininaivaukula3291
    @watekininaivaukula3291 2 года назад

    I really need help for this , can I buy property without business??

    • @DavieMach
      @DavieMach  2 года назад

      ofcourse you can, the only thing that will stop you will be coming up with the money via cash/loan

  • @PeterParker-st9ps
    @PeterParker-st9ps Год назад

    Can you feature Molly in more of your videos? She is pretty cute.

  • @btb1482
    @btb1482 4 месяца назад +1

    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🥲

    • @shansi1931
      @shansi1931 3 месяца назад +1

      Sorry to hear of your experience, I thought she did a good job

    • @vtv8man
      @vtv8man 2 месяца назад

      What ? She was awesome. Good English with a slight accent.