Hi there – I have a hybrid trust, with a single property in its portfolio. I would like to purchase an additional property through the trust, and my step-daughter would like to be party to this purchase (50%, the other 50% funded by myself and my wife, both of whom are directors of the Trust. How best can I structure the trust, to cater for this opportunity, and ensure that my step-daughter’s contribution to the purchase, is rightfully recognised by the Trust ? cheers, Marcel Thompson
Rating: +1
Depending on the finer details of the situation, you may like to issue units for the property purchase split 50/50 between your step daughter and yourself. Some things that may affect that decision include who will be borrowing the money to purchase the property, whether or not the property is negatively geared, and the future intentions for the property.