Does anyone know if it would be relatively easy (or possible) for me to form a tenant in common relationship between myself and a unit trust (in which I hold an interest) with regards to an IP already owned by me and held in my name?
My thoughts are that I could sell off some of my ownership in the IP to the unit trust such that I can trigger the CGT in instalments rather than in one hit.
If allowable, this would permit say, one of my children to progressively get a toehold into property investing, with me realizing some gains but not at all at one go.
It would also allow me at some point to gift a portion of the ownership (and of course this would trigger CGT) rather than giving it over at one go.
I would think that this should be possible and that SD costs etc would be based upon the proportion of the value of the property transferred, but would be interested if anyone has knowledge of this.
My thoughts are that I could sell off some of my ownership in the IP to the unit trust such that I can trigger the CGT in instalments rather than in one hit.
If allowable, this would permit say, one of my children to progressively get a toehold into property investing, with me realizing some gains but not at all at one go.
It would also allow me at some point to gift a portion of the ownership (and of course this would trigger CGT) rather than giving it over at one go.
I would think that this should be possible and that SD costs etc would be based upon the proportion of the value of the property transferred, but would be interested if anyone has knowledge of this.