All Topics / Legal & Accounting / company trustee servicing loan borrowed by beneficiary
hi everyone
i have set up a fam trust with a co as the trustee for property investment purpose.
i've borrowed a line of credit loan using my own name against family home for investment purposes but i want trustee to take on all expenses and interest repayments.
although the trustee cannot provide the expenses and interest repayment up front, but it will be trapped within the trust and once the trustee starts to earn positive cashflow, it will hopefully offset the income. it is for taxation purposes.
i have been looking on the net for a precedent loan agreement in this respect but to no avail.
has anyone come across something like this?
cheers
pierre
You can probably get one from lawcentral.com.au
If not, i may be able to provide you a sample agreement.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.