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  1. coastymike

    Forget about trusts!

    Piston Broke Not saying you will escape your legal obligations but you force the other parties to incur expenses by proving that the units are held on trust for your benefit. If it was charitable trust setup in say either the Netherlands Antilles, Cayman Islands, Isle of Man, etc then you...
  2. coastymike

    Forget about trusts!

    Ausprop I agree. I think one of the objectives is to try to ensure that things are difficult for the other party so the legal costs of pursuing a course of action makes it either too expensive or the other party agrees to an early settlement. What if the units in a unit trust are held...
  3. coastymike

    Forget about trusts!

    "Thousands of extra NSW land Tax" That is why it is important to use the right trust. The trusts we are using at present ensure the trust obtains the threshold in NSW. Got a ruling from the OSR so no problems with that.
  4. coastymike

    Forget about trusts!

    One of the main disadvantages of holding residential property in your own name is the inability to transfer the property to superannuation at a later point in time and the fact that you do not get to take of advantage of the refinancing principle when redeeming units if a unit trust. Like...
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