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  1. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    SMSF can undertake developments. Or a SMSF can own units in a unit trust. Or a few SMSFs can own units in a unit trust which borrows, ideally 3+ SMSF with unrelated parties.
  2. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    Yes, because of the temporary nature of holdings, but some end up holding one or two units.
  3. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    Also companies get a land tax threshold in some states where trusts do not.
  4. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    Yes it would be a good idea to use a lawyer to set up any structure, provide legal advice, draft documents and review existing estate plan. Also good idea to use a tax advisor to check the taxation aspects as well. Andd don't forget the ability to borrow - this should be checked first. see the...
  5. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    Of course you need a lawyer. You are dealing with trust law, company law and various other laws. A testamentary trust is good, but none of this structure will end up in a testamentary trust so have you planned the succession of control upon the death of yourself and/or spouse. incapacity -...
  6. Terry_w

    My accountant recommended this. Any developers on here using a similar set-up?

    Yes that would be a relatively good broad structure, but what does your lawyer say? Throw in a unit trust and you have the ability to transfer units to a SMSF too. Have you considered the structure of the companies and the structure of the trust. land tax, death, incapacity unwanted...
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