I am thinking about buying property in the UK and was hoping to get some advice on the best structure to use. Is it possible to set up a unit trust? If I have a potential business partner in the UK who is resident in the UK but I am an Australian resident, what is the best way to structure an entity, and best entity to use. Any advice would be welcome.
Hi Macca
Trusts evolved in England 500 years ago (ish).
It is possible to use Australian structures to own your units in the UK trust.
The legal structures are very similar but the tax treatments, rates etc are all different.
My Cousin owns
http://www.charltonbaker.co.uk/
a Chartered accountancy firm in the UK.
If you outline a few more detail of what you are trying to acheive here, I will answer what I can and then run it past him to answer more here.
RPI | Certus Legal Group / PRO Town Planners
http://www.certuslegal.com.au
Email Me | Phone MeProperty Lawyer & Town Planner
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