Just thinking about this one. Probably more for the accountants around here. If you purchase units in a trust do you have to pay stamp duty for the property again? Would this be any different if you bought units in a company?? i remember reading yes, but i cant think why.... If the answer is yes, what happens if you buy 5% of the units, is it 5% of the stamp duty???? I know there would be CGT issues, and id imagine youd calculate the value of each unit to be value of value of assets - loans in trust = net unit holders equity then divide this by units to get a cost per unit.