
S R.
Box Hill, VIC
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I'm looking at setting up a trust to purchase real estate through, for the asset protection, tax benefits and to allow for estate planning without stamp duty transfer cost. What is the best way to set it up, and expected costs?
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Hi S.R,
I would definitely speak to a professional financial planner as there are limited tax benefits during your working life in having the property in a trust and the annual ASIC cost of compliance may outweigh the benefit.
It really depends on your personal and financial needs and goals as to what is the best way to set it up and the costs will vary from $850 to a few thousand depending on the accountant you use.