Trust vs Personal Name: Which Is Better?
Whether you buy property in a trust or in your personal name depends on your personal circumstances. Key considerations include income, capital gains tax, and future planning.
When a property is held in your personal name, any capital gain on sale is added directly to your taxable income.
Holding property in a trust can allow capital gains to be distributed across beneficiaries, which may create tax efficiencies. Professional advice is essential before deciding on the right structure.
About author
Shehan Wijayasinghe
Accounting
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