From $242 (inc GST) for email version
Unit Trusts differ from Family Trusts in that the beneficiaries are defined via ownership of Units in the Trust rather than by family relationships. These Units are much the same in concept to Company Shares and represent a direct portion of the value of the Assets held by the Trust.
A Unit Trust is often used for business arrangements where, for example, a group of people or entities are investing in a large asset (or assets) and want to apportion the value and income from these assets across the group. Units can be transferred between individuals (at an agreed value) and new units issued where the required proportion of Unit Holders approve.
Click here to view an outline of the roles in a Unit Trust.
Fixed Unit Trust Deed
Designed to take advantage of Schedule 2F of the Income Tax Assessment Act 1936(Cth) (tax loss provisions) and the Land tax Management Act 1956(NSW) (Land Tax Threshold Concession).
All Trustee discretion with regard to Income is removed and entitlements are absolutely fixed. This is a Deed designed for a specific purpose and advice should be sought before executing this type of Deed.
- A4 binder (white or grey)
- 4 (3 bound, 1 loose leaf) copies of the Trust Deed
- Instruction sheet
- Stamping instructions
- Statutory Declaration
- Notes for the assistance of the Trustee
- Minute page if Corporate Trustee
- Register of Unit Holders
- Application for Units
- Unit Certificate
Unit Trust Deeds can be established as an alternative to a Company, if appropriate in your situation. Managed by trustees, assets of a Unit Trust Deed are held by the Trustee, Unit Holders own a share of the Trust Deed in accordance with the number of units held.