I was reading this Poison Property article
http://www.investorone.com.au/index.aspx?p=propertyInvestment
How To Guides
-How to Avoid Poisoning Propertyand I still don’t understand (though it looks simple from the diagrams)..what is a unit trust, and how is it possible that it can be transferred to a superfund at a later stage. Is that self-managed superfund or any superfund?
There is plenty of information available on this and other websites about trusts and trust structures (google it if you must). Basically a trust is a vehicle used to hold assets and give the beneficiaries protection from claims over those assets.
The superfund must purchase the units from the trustees of the trust (at market or at valuation).
The transfer would be to a smsf (it would be close to impossible to convince a public offer superfund or your employer's superfund to purchase your residential ip {as they generally do not invest in residential property}).
More to the point is that the SMSF cannot purchase your residential property from you.
I think some of the information on that site is rather dated now.
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.
