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Sorry, not a hybrid trust, a unit trust... I'm just coming to terms with trusts. Then how can a unit trust be used to borrow? Could it be set up then such that an SMSF can buy an IP?

Hybrid Trusts I guess this is probably a Dale type of question. I bought Chris Batten's manual. Although it has such simple diagrams, being a non-accountant and non-trust savvy type, I did not really get some of the concepts involved- although I caughgt some glimpses of some very good ideas...