In NSW Fixed trusts are eligible for the land tax threshold. The LightYear Docs Fixed Unit Trust meets this criteria.
A fixed trust is where the beneficiaries or unit holders are considered owners of the land as at the taxing date. This is because they are presently entitled to the income and capital of the trust. These entitlements cannot be varied by the trustee in any way.
Fixed trusts include some unit trusts and bare trusts (Fixed trust has the meanings given by Section 3A (2) and Sections (3A) and (3B) of the Land Tax Management Act, 1956).
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