Hi all, Was wondering if someone can explain how to structure a JV agreement between 2 HDT (both with its own Corp trustee). Some of the questions I have: 1/ Which name goes on the contract of sale? 2/ At the end of the development project, how are the titles divided between both HDTs?. What're the implications on Stamp Duty and Capital gains? 3/ Do we have to create a 3rd Company for the JV structure? Thanks, Artgul
Hi Artgul You have a couple of options 1. Tenants in common - both trustee coys would go on title 2. create a new company to act as nominee for the 2 entities You may be able to have a deed of partition which will save you on some stamp duty. CGT - dont know enough about the project to comment. Is it a profit making venture ? You should also consider GST implications Cheers NickM