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Thank you D. T.

17. Ability to leave units personally owned to the trustee of a discretionary testamentary trust in your will so your beneficiaries can get tax advantages, asset protection and income from the trust taxed at adult rates in the hands of children. (I have thought of another advantage (over a...

thanks Paul, And re you last point, that is why it is a good idea to hold one property per unit trust. Another reason is the land tax thresholds in some states and land rich provisions - holding more property means potentially more stamp duty. eg. in NSW it is $2mil in land holdings. It...

Transferring units is done privately. Just need to follow the rules in the deed, enter a transfer agreement and issue certificates to the unit holders. However it is tricky, and many issues involved, so you should seek legal and tax advice on: 1. Values of the transfer 2. deductibility of...

Thanks. My post will be on some accountant's blog under their name in no time...

Yep, but with a unit trust the units could be sold to another related party who could borrow do buy. Cash released could be used to pay down PPOR loan, for example. Interest would be deductible as purpose is to buy income producing assets. With a DT you could borrow, but interest wouldn't be...

Hi Mona No, there is an exemption under the regs 13.22C

A DT... Can't do most of what a UT can. Cannot transfer a residential property to a SMSF for example (if related parties). No access to the refinancing principal Control could be passed to another beneficiary, but hard to pass to a stranger who does not come under a class of...

Disadvantages There are none. (only joking). 1. Tax complexity 2. Legal complexity 3. Set up costs 4. Running costs 5. Loan app fees can be higher - bank reviewing deed etc 6. Interest rate can be higher - may not get same professional package discounts with some lenders, such as ANZ 7...

Plenty of advantages of using a UT v using an individual to own property 1. ability to transfer part of the property without changing title. You can transfer the units. 2. The transfer of units can be done at reduced stamp duty or no stamp duty. In NSW it is currently 0.6% of the value of the...