A managed investment scheme, which is usually an agribusiness investment, is a common type of investment that has a variety of tax benefits when run effectively. This type of investment is often premised on the backbone of the financial product provider having received a product ruling from the Australian Taxation Office, to the effect that should an investment be operated in a particular way, the invested amount will be tax deductible. One form of investment that falls into this category is certain tree production for wood chipping. When run efficiently and ethically, this investment can prove to be successful. However, a significant number of investors have lost a vast amount of money through the collapse of Timbercorp, Willmott and the Great Southern Group. Accordingly, great care must be placed in choosing who to invest through when selecting this type of investment. It is crucial that you consult an experienced Financial Planner before deciding to funnel money into a managed investment scheme.
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If you require financial advice or the assistance of a Financial Planner, you should make an appointment with one of our Financial Planners, who can see you in our Head Office in Sydney CBD or in the comfort of your own home. Our Financial Planners service the following areas:
- Sydney
- Parramatta
- Chatswood
- Hurstville