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Is this easily done? Or does this require special conditions and some specific structuring etc with very adult supervision?

Oh wow, thank you very much for your description Terry. I was expecting 1-2 answers but wasn't expecting an answer that takes 2 posts! Thank you again for sharing your expertise, and I take your advice re: seeking adult supervision.

It seems common practice to sell a private property to a unit trust which may mean more deductible interest. Other than maximising tax deductions, what are the other advantages/purposes of holding a previously private property in a unit trust? I believe asset protection is NOT one of those...