Structure refers to the entity that will legally own and be responsible for the property. The differences between structures or legal forms of ownership come down to questions about:
- Income and capital gain distribution
- Asset protection
- Tax implications
- Estate Planning
- Set up costs
There are two main categories of structure:
- Personal Ownership which may be individual or joint – Joint owners can then be joint tenants or tenants in common.
- Separate Entities which may take the form of a company or a variety of trusts – either a unit or discretionary trust or an SMSF.