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Wow, that brings back memories - wraps were the in thing about 10 years ago. And who used to say "nudge nudge wink wink..."

It probably is a hybrid, but While units are issued it would operate as a fixed trust. Otherwise there would be no land tax theshold for NsW and no ability to claim the interest as a deduction. Don't be confused about the trade marking of the name. this only relates to the name of the trust...

The title would be in the name of the legal owner which would be the company. The PIT would be a fixed trust. same finance issues.

Fixed trusts are the only trusts that enable negative geared and that is because you need to borrow to buy the units to get the deductions in your own name. there must be no discretion for the trustee to vary this otherwise the interest would not be deductible in full.

what sort of things do you have in mind here? owning in your own name would enable the passing of the assets to a discretionary testamentary trust which would offer asset protection and tax advantages superior to a normal discretionary trust -albeit not to you but to your family after your...

It will certainly be more difficult because LMI will be involved.

Yes, there are a number of lenders willing to lend this way, even for other trusts without a ruling.

Hi Syd, I am a solicitor and a broker specialising in trusts. I think you will find there are generally few issues in getting finance with a trust structure. However if you are talking about getting the loan in an individual's name with the security owned by a company as trustee then this is...