I have a number of trusts all with the same corporate trustee of which I am the sole director. Each trust is a fixed unit trust and holds IP's and is done purely for land tax reasons not asset protection.
One property in a trust of its own is severely cashflow negative as it is a development site. Other trusts have an ongoing cash surplus.
Can a trustee loan money between trusts on a commercial basis with interest charged? The trust deeds allow borrowing/lending of funds.
Will ask the accountant but thought I would ask here too
Thanks
Dave
One property in a trust of its own is severely cashflow negative as it is a development site. Other trusts have an ongoing cash surplus.
Can a trustee loan money between trusts on a commercial basis with interest charged? The trust deeds allow borrowing/lending of funds.
Will ask the accountant but thought I would ask here too
Thanks
Dave