Published on 15 Feb 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper assesses the various features of the modern unit trust for holding real property and the typical tax and commercial issues that arise in practice when capitalising, managing and restructuring unit trusts involved in property transactions.
Topics covered include:
- pros and cons of unit trusts against other acquisition vehicles - a re-think?
- capitalise/borrowing at trustee or unit holder level?
- managing UPE and Div 7A issues
- accessing tax shelters from capital works and allowances
- SMSFs or discretionary trusts as unit holders - factors to consider
- winding up - unit redemption vs capital distribution and vesting.
Leo Efthivoulou, CTA, is a Senior Manager at KPMG Law. Leo has over 11 years experience in advising in various industries, including agriculture and food, property and health, to a broad client base. Leo has extensive experience in tax advisory, structuring and restructuring, succession planning, and general commercial legal transactions and advisory. Leo is also a Chartered Accountant, a member of The Tax Institute's Continuing Professional Development Committee and various other sub-committees.
- Current at
22 January 2018