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Can the Company Trustee for SMSF be used as a Trustee of the Holding Trust/Bare Trust, or do you need a separate Trustee Company?
No. It cannot be used as a Trustee of the Holding Trust/Bare Trust. You need to have a separate Trustee Company.
If the sole beneficiary is the same as Trustee, then it is not a trust.
Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024