Mantis Funds has launched the Magnetar Relative Value Unit Trust which is a feeder into a Cayman master fund managed by Magnetar Capital.
unit trust
Best to start LRBA in SMSF before July
The proposal to include LRBA debt in total super balance is an incentive to start an LRBA before 1 July 2018 as existing LRBAs will be grandfathered.
Changes to requirements on trust property transfers
Fred and Wilma are the trustees of the Flintstone Unit Trust which own a commercial premises in NSW and supplies building materials to its clients. Fred and Wilma decide to retire and wish to sell their business to a third party.
Added costs to acquiring property involving foreign persons
The NSW Office of State Revenue levies additional stamp duty on acquisitions of land by foreign persons and additional land tax in relation to foreign landholders. As trusts and companies can also be considered ‘foreign persons’, these entities could potentially be hit with an extra tax bill to pay.
What is a ‘fixed trust’ and why do I need to know?
Whether a trust is a fixed trust or not has significant taxation implications. In relation to tax losses, if the trust is not a fixed trust it will have more stringent tests to satisfy before the tax losses can be claimed as a deduction. In relation to superannuation taxation, if a super fund invests in […]