Examples of ownership structures

Buying property in a trust

Property may be acquired by a trust, whether with an individual or a company acting as trustee. Trust structures are often used for asset protection and income distribution purposes. However, principal place of residence exemptions for transfer duty are generally not available where property is purchased by a trust.

Corporate ownership

Property may also be acquired by a company in its own right. This structure can provide flexibility, as ownership interests may be transferred through the sale of shares rather than the property itself.

Purchasing as joint tenants

When property is held as joint tenants, each owner holds an equal interest. If one owner dies, their interest automatically passes to the surviving owner, regardless of the terms of any will.

Purchasing as tenants in common

When property is held as tenants in common, each owner holds a defined share, which may be equal or unequal. Each owner’s interest forms part of their estate and may be dealt with under their will. This structure may be used in asset protection or estate planning strategies, including arrangements where ownership shares differ between parties.