Search results

Hi Cliff It is still possible to avoid land tax in NSW if the property is owned under a fixed unit trust.

This works in QLD if the trusts are not identical, but not in NSW or VIC and probably not in other states - NT has not land tax.

I set my first trust up years ago, before I was qualified in anything, and it was all structured wrongly. I set it up through a famous accountant (back then). I purchase one property, found out the problems and then sold the property and haven't used the trust since. This is what can happen...

Once a trust is established you must read the trust deed and be very familiar with the duties of the trustee - if this is you or if you control the position. Breaching the trustee duties could result in you being sued by beneficiaries. The trustee must also record all decisions in writing, so...

A trust is a relationship between the trustee and the beneficiary. The trustee holds property for the benefit of the beneficiaries and there are special obligations attached. This is all legal advice and can only be explained by a lawyer. One of the benefits of holding real property in a...