Does your unit trust deed satisfy the requirements to be a ‘fixed trust’ for tax purposes or a ‘fixed trust’ for NSW land tax purpose

 

 

The products currently available are as follows:

  1. A unit trust deed – this is not a fixed trust for tax purposes or NSW land tax purposes;
  2. A fixed unit trust deed – this is a fixed trust for tax purposes but not for NSW land tax purposes;
  3. A NSW land tax fixed trust – this is a fixed trust for both tax and NSW land tax purposes;
  4. SUIT trust, 13.22C trust and hybrid trust – these are neither fixed trusts for tax purposes or NSW land tax purposes.

Please note that in order to satisfy the requirements of the NSW State Revenue Office, the NSW land tax fixed trust contains restrictive provisions which are unable to be subsequently amended or removed from the deed, so this product should be used with care.

 

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