Dear Sir/Madam,
Can I provide more information for my questions on 05/06/2023
1/ The Unit Trust set up since May 2006 . Firstly, the trustee is personal name of the wife who hold 2/3 units and she holding property A in personal her name until now
Is at that time the law allow title property in personal name of trustee of unit trust ? The title show only personal name , not .........ATF Unit Trust . So now do I need ask the Nomination form or please guide me what document I need ask for know the property A is belong Unit Trust? if client do not keep docs for a long time what another way I can find out to know the property A is belong Unit Trust?
2/In 2009 this Unit Trust removed the wife trustee and appointed the husband name is new trustee of Unit Trust ( not company trustee) . He owner the property B since 2018 in personal his name until now . Can he put the property B into Unit Trust without change title holder name? please show me what docs need for audit?
3/ Accountant email me that the property A was removed account and property B is under Unit Trust but there is no provide any docs for transfer out or transfer in . I did not see pay stamp duty in bank statement of unit trust .
4/ The property B is the house . If the Unit Trust ( not SMSF) transfer in from the property B (husband name) into the unit trust , whether also breach Sec 66 ?
5/ Property A is existing in the wife personal name owner , they do not do transfer
I am wondering If the land tax do not show the property A involved the unit trust
whether any breach super law for this case as SMSF only hold 1/3 units of this trust ?
Please help me
Much appreciate for your help