5 Biggest Mistakes – Discretionary Trusts for Property Investors

Discretionary trusts can be a powerful tool for property investment, but setting them up incorrectly can lead to costly mistakes. We’ll highlight the 5 biggest mistakes people make when establishing their trusts and provide tips on how to avoid them.

1. Not Including a Clause to Exclude Foreign Beneficiaries, Leading to Additional Charges

2. Not Including All Individuals Who Will Act as Guarantors as Directors of the Corporate Trustee

3. Using a Trust to Buy a Principal Place of Residence (PPOR)

4. Failing to Structure the Trust for Effective Tax Planning

5. Not Keeping Proper Records of Trust Transactions

By avoiding these common mistakes, you can set up your discretionary trust for success and maximise the benefits of your property investments. If you’re unsure about how to structure your trust or need help with your property investment strategy, don’t hesitate to reach out. Our team is here to guide you every step of the way!

Feel free to enquire with our team at info@hdqaccountants.com.au.