Should I Buy Property Under A Trust Or Personal Name? | Australian Tax Optimisation

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Should I Buy Property Under A Trust Or Personal Name? | Australian Tax Optimisation | Land Tax

Рет қаралды 51,852

Күн бұрын

Did you know that you can purchase investment properties under not only your own name but, also under a trust? What is a Trust in Australia? In this video, I deep dive into the pros and cons of buying property under a trust structure to optimise tax incentives as well as how you can grow your property portfolio faster. Let's dive in!
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Пікірлер: 71

@jasonmatthew3175 2 жыл бұрын

As you invest, you buy yourself a day off when you have to work... I pray anyone who reads this will be successful

@dennis1brown171 2 жыл бұрын

Most intelligent word I have heard today,I can bet nobody has made more than me from investment

@dennis1brown171 2 жыл бұрын

I’m also thinking of retiring from work soon,my boss won’t see me again 🤣🤣

@ralphanthony6122 2 жыл бұрын

@@dennis1brown171 Funny...😂 what made you think nobody else has made more money than you,and why do you want to retire?

@dennis1brown171 2 жыл бұрын

Retirement is the freedom to do the things you actually enjoy. And making life more easier

@dennis1brown171 2 жыл бұрын

I have found a reliable and trustworthy trader... making profits in crypto is now easier.all thanks to Mrs ivanova

@chrisandrews253 11 ай бұрын

This would be more valuable if you gave simple and clear examples as you explain each aspect of this video . As someone who has never heard this and is trying to learn it’s very fast and uses new techniques

@philborg8764 2 жыл бұрын

FYI u don't pay landtax from day 1 in QL there is still a tax free threshold of $349,999.

@michaelastamper5550 Ай бұрын

That's correct, however you do pay from day 1 when you've got that property in a discretionary trust as he mentioned.

@spud6213 2 жыл бұрын

I was definitely one of the people going into this video thinking, "what the heck is a trust structure?". Thanks for the video 😁

@motivational7531 5 ай бұрын

The video is outdated and incorrect eg land tax exemption rules. Plus you missed biggest benefit of trust which opening up borrowing capacity if maxed out under individual name

@user-Auscat 8 ай бұрын

Thankyou for the great information. The land tax component was very interesting.

@Danches88 2 жыл бұрын

I wish I had a friend like you in my life

@sujaygulwadi5252 Жыл бұрын

Hi Ravi, I personally use trusts to buy in QLD and WA, while using SMSF to buy in NSW. Thanks for sharing your thoughts.

@KshitizCasey 9 ай бұрын

What is your reason fo buying using trust to buy in QLD?

@sujaygulwadi5252 9 ай бұрын

@@KshitizCasey using a family trust to buy property in QLD and WA allows the land tax free threshold to be applied to individual trusts entities. Hence you are able to multiple properties in QLD and WA and never pay land tax.

@ekkk9536 7 ай бұрын

@@sujaygulwadi5252hi. What’s the criteria for setting up a trust.? Requirements of individual ?

@varuninnz 4 ай бұрын

What about QLD @@sujaygulwadi5252

@varuninnz 4 ай бұрын

PLEASE ANSWER I've been watching your videos and love it. I'm considering buying a house in VICTORIA OR QLD wherever the price is within my budget. My question is what about buying property with a family trust outside your state. For example let's say I setup a family trust in NSW. Then buy property in QLD or VIC (Melbourne) 1. Do I get charged stamp duty if it's owner occupied. Given I've purchased this property in a trust? 2. What about paying land tax? Do I pay more land tax if I buy it with a trust especially if the trust was setup in NSW.

@perth9107 2 жыл бұрын

Spot on as usual. I wouldn't buy without one.

@ZeniaWood 20 күн бұрын

Wouldn't buy without a trust? why is that?

@llisahill414 4 ай бұрын

Ravi I have had trusts before. The ongoing accountants fees was very high.

@georgemaragos2378 4 ай бұрын

Hi in NSW a family trust gets the tax free threshold @ 1m in 2024. If you go over with multiple properties , just gets another trust for the next propery

@varuninnz 4 ай бұрын

Hey bro where does it mention this. ARe you able to share a link? Also what happens if you setup a trust registered in NSW and then buy property in VICTORIA OR QLD?

@Techno-Universal Жыл бұрын

Some properties can only be owned under a trust structure because of their location or for heritage protection reasons so the true owners in that case might be a public heritage trust organisation within the government or the local city council that operates in that location.

@jackshipley1605 2 жыл бұрын

Thank you for this Ravi! Answered my question on a previous video

@12345xfire 2 жыл бұрын

Damn there's a lot of bots in these comments... A trust doesn't provide any asset protection unless the trustee is a company and not an individual and even then, your 'seed capital' of the trust is at risk of legal claims. Regardless, asset protection is a pointless benefit for 95% of the population working a regular job.

@benmcintosh2422 2 жыл бұрын

Love your content! Does setting up a trust account protect me from potential partners (girlfriends & wives) having entitlement to the asset? For context, i'm a 25yr old male who wants to buy his own home by himself, but doesn't want the risk/headache if a future partner moves in then later down the track tries to take part of my house from me... thank you

@xexclusiv3x 2 жыл бұрын

Yes it would protect you. As long as the person isn't on the beneficiaries list on the trust.

@Rekke_yt 2 жыл бұрын

@@xexclusiv3x I don't think that's correct. From my understanding, these structures are often looked past by the family court if a decision is made. Pre-nup is what you may need to look at - but these can also become invalid with changing circumstances. Need to get personal financial and legal advice. Ben, I believe it is is assessed on a case-by-case basis, and depends on how much contribution your partner makes to your finances and how combined your finances are. Suggest looking up online there is plenty of information.

@kroenkeout708 Ай бұрын

Trust and prenup.

@davouchi1 Жыл бұрын

Lol wtf. My wife and I were talking in the car about this exact subject. Now this video pops up..

@matm6916 2 күн бұрын

U didnt touch on transfer of ownership benefits

@thomaserlund1919 2 жыл бұрын

Love the video, but it is not all correct. You do get a threshold i Qld if buying in a trust, but the amount is just less - 350.000 and not 600.000 as if you buy in your own name.

@varuninnz 4 ай бұрын

PLEASE ANSWER I'm considering buying a house in VICTORIA OR QLD wherever the price is within my budget. My question is what about buying property with a family trust outside your state. For example let's say I setup a family trust in NSW. Then buy property in QLD or VIC (Melbourne) 1. Do I get charged stamp duty if it's owner occupied. Given I've purchased this property in a trust? 2. What about paying land tax? Do I pay more land tax if I buy it with a trust especially if the trust was setup in NSW.

@straxstrax2980 2 жыл бұрын

Great episode Ravi really informative as usual. Thankyou for spreading this knowledge for free

@divanesterhuizen4009 2 жыл бұрын

Ravi. Please do a video on crypto. What are we investing in this big dip ?? Lets create new generational wealth !!

@vishwanathnanjundashetty2513 Жыл бұрын

Hello Ravi, I have an interesting scenario. Keen to know if you are interested to hear.

@soniasalvador8725 3 ай бұрын

Can you do a video on living trusts please

@BrayanDichtl 2 жыл бұрын

Hey Ravi, first of all thanks for your amazing content. My wife and I are planning to purchase our first home soon and we'd like to know how we can hire your buyers agent services. We had a look at your website but couldn't find this specifically. thanks

@PersonalFinancewithRaviSharma 2 жыл бұрын

Shoot me an email bud :) Ravi@searchpropertyau.com.au Thank you for the kind words 🙌🏽

@marcmarc9374 Жыл бұрын

Can you carry a loss such as a renovation over in a family trust.

@davidlr97 2 ай бұрын

Is it possible to transfer properties later from individual ownership to a trust?

@PersonalFinancewithRaviSharma 2 ай бұрын

Yes, however you will have to pay stamp duty and taxes if applicable.

@patelsleydrums Жыл бұрын

Hey Ravi. How about offshore real estate through an Australian trust? Any experience with this?

@pressyme 9 ай бұрын

I🥰 love🥰 it!

@PeterPanQuails Жыл бұрын

Would I still be able to do negative gearing when the investment property is under a trust?

@Stevanasorous Жыл бұрын

Not against your personal name, the losses are trapped in the trust structure

@darshirathod1213 Жыл бұрын

Hi I m self employed and I ask few bank about first home loan but they said we can’t lend you anything. What should I do ? Plz advice me thanks

@vikramattri1166 Жыл бұрын

Approach a mortgage broker

@darshirathod1213 Жыл бұрын

@@vikramattri1166 thanks for reply

@D4VER 11 ай бұрын

Can you pay yourself with the passive income from the properties in the trust ?