{"id":3938,"date":"2015-04-07T01:00:03","date_gmt":"2015-04-06T15:00:03","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=3938"},"modified":"2015-04-07T01:00:03","modified_gmt":"2015-04-06T15:00:03","slug":"should-i-buy-in-a-trust","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/should-i-buy-in-a-trust\/","title":{"rendered":"Should I buy in a trust?"},"content":{"rendered":"<p>&nbsp;<br \/>\nTogether with<b> Ken Raiss,<\/b> from <strong>Chan &amp; Naylor<\/strong>, we answer our reader&#8217;s question about\u00a0the advantages and disadvantages of buying a property in your own name or a trust.<br \/>\n&nbsp;<\/p>\n<h4>Transcript:<\/h4>\n<p><b>Kevin<\/b>:\u00a0 We\u2019re going to answer a question now from Dimitri. Dimitri, thank you very much for sending this into us. Let me quickly read it. \u201cI\u2019d like to ask one of your experts a question and have it featured in the show.\u201d Of course. It\u2019s our pleasure, Dimitri.<br \/>\n<strong>\u201cThe question is: what are the general considerations that need to be taken into account when choosing whether to buy a property in your own name or in a trust? What are the advantages and disadvantages of each, and what are the guidelines recommended to be followed deciding on the structure?\u201d<\/strong><br \/>\nKen Raiss from Chan &amp; Naylor, you have about three minutes to answer this question. Can you do it?<br \/>\n<b>Ken<\/b>:\u00a0 I\u2019ll do it at a very high level, Dimitri. Obviously, you\u2019ll need to come in and get some more specific advice. For a principal place of residence, we would normally say buy in your personal names for the tax and land tax benefits.<br \/>\nBut if you\u2019re looking for asset protection, estate planning, some flexibility \u2013 including maybe moving money to lower tax payers \u2013 then you would need to consider a trust. Also, if you\u2019re a major or larger property investor, land tax is normally a consideration and in that instance, having structures such as trusts can reduce your land tax.<br \/>\nIn general terms, if you have a positively geared property, maybe a quick turnaround where you want to spread that cash flow to different people, then I would use a trust such as our Business Enterprise Trust.<br \/>\nIf it\u2019s negatively geared and you want some of those benefits, then you have to be very careful because the ATO really looks at this. Chan &amp; Naylor\u2019s Property Investor Trust actually has a tax product ruling on that, so you can effectively have a trust and push negative gearing down against your wages.<br \/>\nI would probably never use a company if you\u2019re an individual to buy property because you don\u2019t get the 50% discount and you end up paying more tax anyway.<br \/>\nYou need to have to a look at the value of those benefits that you\u2019re trying to do, and compare that to the cost of running a structure, both the setup costs and obviously the increase to annual compliance costs.<br \/>\nHopefully, that\u2019s a high-level overview that gives you food for thought.<br \/>\n<b>Kevin<\/b>:\u00a0 Ken, just a quick question from me if I may. Is it necessary to have a different trust for every property?<br \/>\n<b>Ken<\/b>:\u00a0 No, normally not. Speaking for myself, a couple properties per trust. I look at the land tax issues, so once I fill up that trust with land, I\u2019d move on to the next one. There\u2019s another issue as well: asset protection. If you have too many assets in a trust, then if one tenant sues, it could be a house of cards that falls down and all your assets then in that one trust are at risk.<br \/>\nThe land tax is the first consideration and then look at some asset protection strategies if you have a lot of assets in the same trust.<br \/>\n<b>Kevin<\/b>:\u00a0 There you go, Dimitri. As Ken said, a very top-level answer there to your question. Thank you very much for sending it in.<br \/>\nKen, thank you very much for giving us your time today.<br \/>\n<b>Ken:<\/b>\u00a0 It\u2019s a pleasure.<br \/>\n<b>Ken<\/b>:\u00a0 Well, it\u2019s a pleasure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Together with Ken Raiss, from Chan &amp; Naylor, we answer our reader&#8217;s question about\u00a0the advantages and disadvantages of buying a property in your own name or a trust. &nbsp; Transcript: Kevin:\u00a0 We\u2019re going to answer a question now from Dimitri. Dimitri, thank you very&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":3940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,25],"tags":[101],"class_list":["post-3938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-sponsored-channels","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should I buy in a trust? - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/should-i-buy-in-a-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I buy in a trust? - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Together with Ken Raiss, from Chan &amp; Naylor, we answer our reader&#8217;s question about\u00a0the advantages and disadvantages of buying a property in your own name or a trust. &nbsp; Transcript: Kevin:\u00a0 We\u2019re going to answer a question now from Dimitri. 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