Search results

amazing stuff. I wonder what happens to the tax obligations and other liabilities of a trust that ceases to exist and has a $2 trustee company? goes with the assets I suppose?

I think your answer to my question is yes then? if A is holding for B, then to transfer the property from the unit trust to B, just change the trustee to B at any time of convenience and presto, stamp duty free transfer.

so, if you were the sole unit holder in a unit trust that had a corporate trustee, if the trustee was changed to yourself, then the trust ceases and you own the property in your own name? very interesting