Thanks. Do you have any links that might describe a few scenarios using Unit Trusts? I am trying to figure out why I would bother if it doesn't give me any (or significant) asset protection. I am sure it fits in certain plans, I would like to determine if it would fit my plans.
Will HDT's always be "on the nose"? Or will they redeem themselves.
Is it that there is no way to use them to balance asset protection with negative gearing without having the ATO rip you a new one each year?
Emptyvessel
Using unit trusts has been addressed in this thread. If you want to give me a scenario I will address it. I assume most of you are medical practitioners or some kind of professionals as you appear to have a high concern for asset protection. For those that aren't professionals or in a high risk business may I suggest avoiding defaming people and drink driving and you should be less concerned about asset protection.
HDTs that conform with the ATO view are not on the nose.
The concern again with asset protection appears to over ride the tax effectiveness of a certain structure.
Chris