Australians love their property but how should you own it? In your name, your spouses name, jointly, a trust and what kind of trust?
For the purposes of investment there are advantages of holding assets on trust as assets are protected from nasty creditors trying to get your assets! Don’t kid yourself that insurers always pay and will cover you. They don’t want to pay and the affected parties may come after your personal assets! Your assets are much harder to attack if held in a trust.
Tax advantages of holding income producing assets in a discretionary trust is it allows effective income splitting in your extended family, which can only be good for you! Negative gearing is a popular strategy and objective of buying property in your own name; this can be achieved along with the asset protection of a trust through unit trust structures.
There is plenty to consider and potentially gain, please contact David if you want to know more.