Trusts
A Guide to Trusts
What is a Discretionary Trust?
In 2007 the Australian government amended self-managed superannuation fund (SMSF) regulations. Now SMSFs have the ability to borrow money in order to purchase property. That’s when custody trusts were born.
A custody trust is known by several other names including bare trust, custodian trust or property trust. These are all different names for the same thing: a limited recourse borrowing arrangement. Simply put, a custody trust is established to enable you to borrow money to purchase property in your SMSF. Watch our video to find out more!
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