Hi all,
I own a student letting agency and was enquiring as to how to set up a OEIC for student lets, running off the back of my existing company.
I have been trying to research methods etc but I am unable to find clear answers on how to actually operate a scheme like this. I basically want to set up and manage the fund (the letting + maintenance through existing company), but need some advice on how to do so and which type of Investment fund/trust would be suitable for me…which have the best tax advantages etc?Any information would be much appreciated!
Thanks for your time.
It may be deemed a managed investment scheme which puts the same compliance burden on you as an unlisted mortgage fund ie you need an ASIC approved prospectus and a financial services license, licensee as responsible manager as well as regular independant audits etc. I suggest it may not be as easy as you think to set up.
Marty McDonald | Mortgage Experts
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