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From: Rick Heaton
This is my first post so I hope my questions make sense.
I own a building company and am about to start a new duplex residential development.
My Super Fund, of which my wife and I are the Trustees would like to invest in the development on an equity share basis.
In round figures, the Super Fund would invest 33% of the capital required with myself and my wife funding the remainder.
At the completion of the project I would envisage distribution of retained profits on a 33%, 67% basis to the Fund and to my wife and I respectively.
Has anyone undertaken anything like this and are there any thoughts on the ATO complications, considerations etc.
Rick
This is my first post so I hope my questions make sense.
I own a building company and am about to start a new duplex residential development.
My Super Fund, of which my wife and I are the Trustees would like to invest in the development on an equity share basis.
In round figures, the Super Fund would invest 33% of the capital required with myself and my wife funding the remainder.
At the completion of the project I would envisage distribution of retained profits on a 33%, 67% basis to the Fund and to my wife and I respectively.
Has anyone undertaken anything like this and are there any thoughts on the ATO complications, considerations etc.
Rick
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