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Is this compared to individual or DT?Drawbacks
- Slightly more complex with getting finance
- greater legal complexity
- greater tax complexity
If the land tax threshold is already reached then isn't it definitely better to buy under a unit trust than buying under individual names?For second and future NSW investment properties other trusts would offer superior benefits.
Is this compared to individual or DT?
If the land tax threshold is already reached then isn't it definitely better to buy under a unit trust than buying under individual names?
QUOTE]
I'm not sure what you mean by this. Do you mean a standard unit trust held by a DT? Or do you mean a standard unit trust owned by individuals?
If the land tax free threshold has been reached I do not see the point of holding in a NSW Land Unit Trust.
SYD
Is this compared to individual or DT?
I asked my broker how hard it is to get loan under trusts structure. He said that DT is not a problem but not sure about the unit trust. I thought unit trusts are less complicated than the DT.
If the land tax threshold is already reached then isn't it definitely better to buy under a unit trust than buying under individual names?
Later on, if you are really desperate for asset protection then can't you sell the units to a DT?
Is this compared to individual or DT?
...
If the land tax threshold is already reached then isn't it definitely better to buy under a unit trust than buying under individual names?
Later on, if you are really desperate for asset protection then can't you sell the units to a DT?
Point 5 - Not sure how this would work if individuals would need to own units in the trust in order to obtain the benefit of the land tax free threshold.
....
Overall, my assessment is not a great deal of benefit compared with owning the first investment property asset directly. For second and future NSW investment properties other trusts would offer superior benefits.
SYD
I came across this N.S.W.*Land*Tax*Unit*Trust (attached).
Terry, you said "- Ability to acquire the land tax free threshold in NSW if individuals own the units"
Is that assuming that individual hasn't reached their threshold??
DTs arent a like for some lenders because the units can be onsold .........thus diluting the security
Still doable in general though unless you are a hard case
ta
rolf