Rent paid into a hybrid trust does not get added onto personal income, does it? I am confused as loan was taken out in own names
A trust is a separate entity for tax purposes. If the trust owns property and rents it out the rent must go to the trust. You or the trustee will have to read the trust deed carefully and then distribute the income to the relevant unit holders in accordance with the deed.
This is very complex area, did you get proper advice?
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
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