Search results

  1. Terry_w

    NSW Land Unit Trust - Any Good?

    Don't forget the land tax unit trusts have several other advantages such as - the ability to transfer beneficial ownership of the property by transferring the units with no or little stamp duty - 0.6% now but to be reduced to nil 01 July13. - the ability to hide ownership as only trustee name...
  2. Terry_w

    NSW Land Unit Trust - Any Good?

    Yes, I beleive that is the case as the unit holders are taken to be the owners of the property for land tax purposes. http://www.austlii.edu.au/au/legis/nsw/consol_act/ltma1956173/s3a.html
  3. Terry_w

    NSW Land Unit Trust - Any Good?

    hi Syd I think there can be advantages to not owning property legally in your own name. Take for instance someone doing a land titles search. They wouldn't find the property if searching under an individual name. They could however find the company trustee, if you are associated with it...
  4. Terry_w

    NSW Land Unit Trust - Any Good?

    I was comparing to buying in personal names. A UT is similar to a DT in regards to legal and tax complexity. I agree about the land tax threshold issue and a UT being better than personal names. If you buy in your own name than you cannot transfer to a SMSF later (unless business real...
  5. Terry_w

    NSW Land Unit Trust - Any Good?

    Benefits include: - Ability to acquire the land tax free threshold in NSW if individuals own the units - Ability for the individual to borrow and personally claim the interest on the loan - Ability to transfer the units without stamp duty in NSW from next July (if Govt abolishes stamp duty as...
Back
Top