Hello
Does anyone have any experience of a negative gearing arrangement using a hybrid UNIT trust rather than the more commonly used hybrid discretionary trust?
What I’m really interested in is whether the issue and purchase of discretionary income units in a HUT (provided the distributions match the income from the property) will be accepted by the ATO as an income producing asset in the same way as special income units in a HDT.
As far as I’m aware distributions to a holder of special income units is at the discretion of the trustee in the same way as distributions to a holder of discretionary units in a unit trust. Any comments?
If that is the case there should be no difference..
Cheers,
Carl
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