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Partnerships of trusts vs unit trusts paper

Publication date: 09 Oct 08

Abstract:

The partnership of trusts became a popular alternative to the unit trust as a middle market investment structure post-Ralph. Recent reforms have sought to level the playing field, but how successful have they been? This paper covers the pros and cons of the two structures including:

• impact of the new "small business entity" rules
• CGT upon entry and exit
• availability of tax losses
• stamp duty when used to hold land
• compatibility with employee incentive schemes.

Author profile:

Jeffrey Chang CTA
Jeffrey is a Senior Associate at Thomsons Lawyers, where he advises on a wide range of taxation, structuring and superannuation issues with a focus on privately-held businesses and high wealth family groups. He is a member of a variety of Taxation Institute committees including the superannuation education subcommittee. Jeffrey is the author of numerous tax articles published in professional journals, and a regular presenter at Taxation Institute seminars.
Current at 16 August 2011
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