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    Trustee bank account

    Is it 100% necessary for the Corporate Trustee of a DT to have a bank account in its own name to receive rent and pay expenses or can that all happen through a personal bank account? For lots of reasons I prefer the later but my accountant is pushing me for the former. My records are thorough so...
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    Buying two Titles at once then selling 1 straight away - CGT & Trust considerations??

    Hi guys My wife and I are in the process of purchasing a second investment property in the name of our Trust (with corporate trustee) and it Settles in a week. This one is interesting as it is actually 2 Titles, with a house on one Title and a large colorbond shed on the second Title. The...
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    Landlord name for IPs purchased in Trusts with Corporate Trustees?

    Hi guys I self manage my own IPs and haven't come across this latest issue as previous IPs were just in my own name. I have recently created a Discretionary Trust (ABC Trust) with a Corporate Trustee (XYZ Pty Ltd). The name that the IP was bought in as listed on the Contract was "XYZ Pty...
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