Question: Back in the good old days prior to the changes introduced in August 1999, I set up a geared unit trust in which my Self Managed Superannuation Fund (SMSF) invested. It was formed as a Trevisan Trust (named after the court case Australian Taxation Commissioner V Trevisan). Unlike Tim Peppers Instalment Warrants, I have been able to borrow as much money as I want, as often as I want. This is thanks to the 1999 grandfathering rules. However, the 10 years is about to end.
My Unit Trust still carries debt. What do I do now?
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