Property Trust

Hi,

I hear about the "Property Trust" and was wondering if some one knows about it and how its structure or deed is different to the HDT?

Thanks,

artgul.

 

Or are you refering to the "property investors trust" as promoted (and trade marked) by http://knowledgecentre.com.au/ ?

I've read the only way to find meaningfull details on this is go there and pay for their time

Recently discussed on Somersoft

 

Hi MrDarcy,

That's what I meant. I bought and read their book but, besides the mention of it, there is not explanation of the structure of it.

I've to admit that what they say sounds great even though it still kind of a black box...don't like that part . The other issue that makes me unconfortable is that the "Property Trust" hasn't being tested in court. According to their book, that's the ultimate form of testing... at least, that's what i understood.

Regards,

artgul

 

I have not seen or heard much about it.
The main advantage seems to be the ability to get around land tax in NSW
I would be interested to see if a Revenue Ruling has been obtained from OSR

nickM

 

Hi NickM, now that a little more is known about the Property Investors Trust and it's actually a unit trust/hybrid trust combination (with the units held by the hybrid trust), are you able to set up a similar structure for your clients who want to get around NSW land tax?

Oli.

 

Hi Oli
I actually discussed this with Chris Batten at great length late last week.

It really comes down to what you tell the OSR. Unit trusts do not get assessed, it is the unit holder that gets the secondary assessment.

If that unit holder is a special trust then - no threshold.

you can play with the issue of the units to get around land tax but it "may" get you later.

NickM