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  1. Terry_w

    Unit Trust

    Good point and one often overlooked by people. I often see people in my finance broking practice who have set up a trust and already purchased years ago. They come to me for finance and I did a little and find the deposit has been provided by them individually. There is no trust bank account...
  2. Terry_w

    Unit Trust

    Yes good point about the OSR. Signifying the trust on the contract will remove doubt. There are some people who later claim there was a trust all along when there wasn't.
  3. Terry_w

    Unit Trust

    sort of. A trust is not a person and not a structure and not an entity, but it is a relationship between a trustee and beneficiaries. For conveniance it is referred to as if it is a structure though. In tax legislation it is taxed as a separate entity. 1. No details are recorded 2. OSR...
  4. Terry_w

    Unit Trust

    No, OSR won't know of the existance of the trust - until they are told for land tax purposes. If is the LPI that deals with registration of title and they won't know or care about the existance of a trust.. Don't forget a trust is not a legal person - it is just a relationship in equity.
  5. Terry_w

    Unit Trust

    No special land title office requirements in NSW. No need for them to know that a trust is involved. Trustee name goes on title. (and no one would really buy an owner occupied commercial premises in a trust as if the business goes under the property will be lost. A separate trust would be set...
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